Foster Launches Ad Touting Record of Protecting American Jobs

Oberweis invests millions in Chinese companies that move US jobs overseas; Bill Foster co-founded company that kept jobs here at home

(Geneva, IL) - Today, the Bill Foster for Congress campaign released a 30 second television ad touting Foster's record of keeping jobs in America and his commitment to fighting for American jobs as a Congressman.

The company that scientist and businessman Bill Foster co-founded with his brother has created hundreds of good-paying jobs here in the Midwest. This is in clear contrast to Jim Oberweis, who invests millions of his own money in Chinese companies that move American jobs overseas.

Foster's commitment to keeping jobs in America has earned him the endorsement of the Illinois AFL-CIO, which represents 31,000 people who live and work in the 14th Congressional District.

View an Oberweis China Opportunities Fund brochure (PDF).

The ad can be viewed here.

AD BACKUP:

“ASSET MANAGEMENT”

 

AUDIO

BACKUP

 

Oberweis from his ad: Before I bought the dairy business, I founded an investment firm.

 

Narrator:  Oberweis doesn’t tell you he invests millions thru his China Opportunities Fund into companies that threaten American jobs.

 

 

Oberweis China Opportunities Fund Invests in Companies Which Threaten American Jobs. The Oberweis China Opportunities Fund, a mutual fund operated by his business, invests in Chinese companies that compete against American jobs. [Oberweisfunds.com; Reuters; Yahoo Finance]

 

 

 

Oberweis said he supports Bush on “almost everything” -- even trade policies costing us more jobs.

 

Oberweis: “I’ve Supported the President on Almost Everything.” In 2004, according to the Chicago Sun Times, Oberweis said, ““I’ve supported the president on almost everything.” [Chicago Sun Times,1/30/04]

 

Oberweis Supports Bush Trade Policies Costing us Jobs. In an interview on Public Affairs with Jeff Berkowitz, Oberweis said he supported Bush trade policies like NAFTA and CAFTA. From the interview: Berkowitz: More or less free trade? Oberweis: More. Berkowitz: Would you have supported NAFTA if you were there in 1994? Oberweis: Yes. Berkowitz: And CAFTA a few years ago?

Oberweis: Yes. Berkowitz: And you would have no regrets about that? Oberweis: No. [http://www.youtube.com/watch?v=l8dMNoWGFus]

 

  • NAFTA Led to Outsourcing of Nearly 48,000 Illinois Jobs. According to the AFL-CIO, the outsourcing agreement NAFTA led to the outsourcing of 47,701 jobs in Illinois. [AFL-CIO website, accessed 01/23/08]

 

 

Bill Foster and his brother started a business from scratch.

 

Foster:  We said no to off shoring. We invested in new technology.  Hired more people -- made an investment right here in America.  I’m Bill Foster and I approve this message.

 

 

Foster Started Business from Scratch with his Brother. Bill Foster and his younger brother started a

theater lighting company from scratch. [Chicago Daily Herald, 7/9/07]

 

Company Manufactures Over Half Of The Theater Lighting Equipment In The United States. Their company's equipment is used on Broadway shows, Rolling Stones tours, the great Opera houses, half-time shows at the Super-Bowl, and at churches, schools, and community theatres throughout the country. Their company sells millions of dollars of equipment around the world and provides over 500 good jobs - with good pay and benefits - here in the Midwest. [Billfoster.com; Chicago Daily Herald, 7/9/07]

 

 

 

 

Posted on February 18, 2008.