David McCormick Made Millions Investing in U.S. Steel’s Overseas Competitors and Got Rich by Outsourcing Jobs While Laying Off Pennsylvania Workers
PENNSYLVANIA — Following David McCormick becoming the GOP Senate nominee, the Pennsylvania Democratic Party is continuing to highlight why Pennsylvanians can’t trust the Connecticut mega-millionaire and hedge fund CEO to be for them.
David McCormick’s long record of outsourcing and killing jobs shows that Pennsylvanians can’t trust him to protect and create Pennsylvania jobs.
Read More About David McCormick’s Long Record of Killing Jobs:
- David McCormick cut hundreds of jobs, costing taxpayers millions of dollars.
- McCormick laid off and outsourced more than 400 jobs as CEO of Bridgewater using taxpayer-funded subsidies.
- David McCormick got rich by outsourcing jobs to China and India while laying off workers in Pennsylvania.
- As CEO of Freemarkets, McCormick laid off 50 workers in Pittsburgh – just weeks before announcing 100 new jobs in New Delhi.
- As CEO of Freemarkets, McCormick opened a new office in China.
- David McCormick has a long record of supporting and enabling outsourcing.
- McCormick said “I don’t really care” if Pennsylvania jobs are shipped overseas during a closed door campaign event.
- McCormick taught other companies how to outsource jobs.
- McCormick admitted to – and even bragged about – his record of shipping jobs overseas.
- McCormick invested up to $92 million in companies that outsourced American jobs — over 2,600 of which were in Pennsylvania.
- David McCormick made millions investing in U.S. Steel’s competitors.
- McCormick invested hundreds of thousands of dollars in U.S. Steel’s competitor.
- McCormick holds anywhere from $250,000 to $500,000 in Luxemburg-based ArcelorMittal.
- McCormick invested hundreds of thousands of dollars in U.S. Steel’s competitor.
- David McCormick has opposed initiatives aimed at keeping manufacturing jobs in America.
- McCormick criticized “Buy American” provisions.
- McCormick refused to support Trump’s tariffs on China.
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