Ron Johnson has been running on one thing: he's a job creator. What he didn't tell you is that he is a job creator overseas!
An analysis of Ron Johnson's investment portfolio by the Democratic Party of Wisconsin reveals that over half of the stocks he owns are classified as foreign.
This is significant for a guy like Johnson, because its clear from his financial disclosure that he makes much more money through his investments (which are mostly stocks) than he does from his plastic company.
This is a great case example of what the richest 1% do with their money.
Even thought the wealthiest 1% are wealthier now that anytime in our nation's history, they (including Johnson) keep selling us in the middle class, (who at our poorest level since the end of WWII), that if they only had less taxes they would have more money to invest in jobs.
Well, what did Johnson do with the Bush tax cuts?
Johnson didn't spend the extra cash he had laying around to create jobs in his plastic company. Like most of the richest 1%, he used it to invest invest not only in the stock market, which overall is not a net creator of good-paying American jobs, but in foreign companies where, of course, they are not going to create good-paying American jobs.
The truth is that Johnson has never created a job in the United States.
The guy is a fence post turtle and the guy that put this turtle on the fence post was his father-in-law, billionaire plastics titan Howard Curler.
Johnson got sole control and ownership of the plastic company in 1997 and by all accounts Pacur still employs approximately the same number of people now as it did then. Jobs created: A big fat ZERO.
Therefore, it is accurate to say that Johnson has created more jobs overseas than he has in the United States.
Especially when you add into the mix that most of the business Johnson's plastic company does is with a company called Bemis, which is still controlled by his inlaws. Bemis has opened plants overseas at a blistering pace in recent years, including three in China-- and Johnson's plastic company is the major supplier of these overseas Bemis plants.
In addition, for eleven years prior to 1997, Johnson's plastic company was owned by another company called Bowater. During this time Johnson was an executive within the Bowater corporation, which was named to Lou Dobbs' "Exporting America" list of companies that sent jobs overseas.
And, of course, Johnson not only supports free trade that has sent hundreds of thousands of jobs overseas, but even has said that the U.S. needs to adopt "benchmarks" to make our "business climate" the same as China.
Below is a spoof I did yesterday of a Johnson ad. I have Johnson talking in Chinese as part of the R-China joke, so please don't take that aspect of it the wrong way: