Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWaPo: Romney's Bain Capital owned overseas outsourcing specialists that helped companies export jobs
WaPo: Romney's Bain Capital owned overseas outsourcing specialists that helped companies export jobs
by Eclectablog
GOPocrisy, thy name is Mitt Romney
Mitt Romney has been talking a lot on the campaign trail about stemming the tide of jobs moving overseas to places like China. As it turns out, his company Bain Capital, the one he says gives him the job creating experience that he needs to be the President of the United States, owned companies that were specialists in outsourcing jobs overseas and helped other companies to do so more efficiently and profitably.
This level of hypocrisy is almost breathtaking. What Mitt Romney knows how to do is to squeeze every last drop of profit out of a company, even if it means destroying the company and throwing Americans out of their jobs. While we've been saying this all along, we now have the proof.
As our country slowing gets back on its feet after eight years of economic decimation by the Bush administration, what we need is investment in American jobs and diversification of our industrial base. Investments in things like clean energy have the double impact of getting us off foreign-sourced fossil fuels that pollute our environment and ramping up a new industrial sector that is homegrown.
<...>
UPDATE: The Obama campaign issued this statement:
- more -
http://www.dailykos.com/story/2012/06/22/1102142/-NO-SURPRISE-Romney-s-Bain-Capital-owned-overseas-outsourcing-specialists-and-profited-handsomely
by Eclectablog
GOPocrisy, thy name is Mitt Romney
Mitt Romney has been talking a lot on the campaign trail about stemming the tide of jobs moving overseas to places like China. As it turns out, his company Bain Capital, the one he says gives him the job creating experience that he needs to be the President of the United States, owned companies that were specialists in outsourcing jobs overseas and helped other companies to do so more efficiently and profitably.
Mitt Romneys financial company, Bain Capital, invested in a series of firms that specialized in relocating jobs done by American workers to new facilities in low-wage countries like China and India.
During the nearly 15 years that Romney was actively involved in running Bain, a private equity firm that he founded, it owned companies that were pioneers in the practice of shipping work from the United States to overseas call centers and factories making computer components, according to filings with the Securities and Exchange Commission.
Jobless states: The top 10: Unemployment rose in 18 states in May, as well as nationally. Fewer jobs were created than in any other month of the past year. Heres a look at the top 10 states with the highest unemployment rates.
While economists debate whether the massive outsourcing of American jobs over the last generation was inevitable, Romney in recent months has lamented the toll its taken on the U.S. economy. He has repeatedly pledged he would protect American employment by getting tough on China.
Theyve been able to put American businesses out of business and kill American jobs, he told workers at a Toledo fence factory in February. If Im president of the United States, thats going to end.
Speaking at a metalworking factory in Cincinnati last week, Romney cited his experience as a businessman, saying he knows what it would take to bring employers back to the United States. For me its all about good jobs for the American people and a bright and prosperous future, he said.
During the nearly 15 years that Romney was actively involved in running Bain, a private equity firm that he founded, it owned companies that were pioneers in the practice of shipping work from the United States to overseas call centers and factories making computer components, according to filings with the Securities and Exchange Commission.
Jobless states: The top 10: Unemployment rose in 18 states in May, as well as nationally. Fewer jobs were created than in any other month of the past year. Heres a look at the top 10 states with the highest unemployment rates.
While economists debate whether the massive outsourcing of American jobs over the last generation was inevitable, Romney in recent months has lamented the toll its taken on the U.S. economy. He has repeatedly pledged he would protect American employment by getting tough on China.
Theyve been able to put American businesses out of business and kill American jobs, he told workers at a Toledo fence factory in February. If Im president of the United States, thats going to end.
Speaking at a metalworking factory in Cincinnati last week, Romney cited his experience as a businessman, saying he knows what it would take to bring employers back to the United States. For me its all about good jobs for the American people and a bright and prosperous future, he said.
This level of hypocrisy is almost breathtaking. What Mitt Romney knows how to do is to squeeze every last drop of profit out of a company, even if it means destroying the company and throwing Americans out of their jobs. While we've been saying this all along, we now have the proof.
As our country slowing gets back on its feet after eight years of economic decimation by the Bush administration, what we need is investment in American jobs and diversification of our industrial base. Investments in things like clean energy have the double impact of getting us off foreign-sourced fossil fuels that pollute our environment and ramping up a new industrial sector that is homegrown.
<...>
UPDATE: The Obama campaign issued this statement:
Tonight's story in the Washington Post exposed Mitt Romney's breathtaking hypocrisy. He has campaigned all over this country, vowing that he would be an advocate for American jobs. But tonight we learned that he made a fortune advising companies on how to outsource jobs to China and India. Maybe that explains why, despite his campaign rhetoric, Romney continues to support tax policies that would reward companies who send American jobs overseas.
- more -
http://www.dailykos.com/story/2012/06/22/1102142/-NO-SURPRISE-Romney-s-Bain-Capital-owned-overseas-outsourcing-specialists-and-profited-handsomely
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
5 replies, 3002 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (11)
ReplyReply to this post
5 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
WaPo: Romney's Bain Capital owned overseas outsourcing specialists that helped companies export jobs (Original Post)
ProSense
Jun 2012
OP
malaise
(269,039 posts)1. Get thee to the greatest page
Rec!
Kick for the pro-Romney contingent!
INdemo
(6,994 posts)2. It ia sad to say but some voters including some Democrats have tunnel vision
When 35% of union labor will vote for a guy like Walker then they have closed ears and eyes to facts like this...
..The media will keep pushing and forcing the idea that Romney's business experience qualifies him...
Just how many swing voters do you suppose read the dailykos..?
ProSense
(116,464 posts)3. This article needs to go viral. n/t
appal_jack
(3,813 posts)5. I'm with ya Pro on this one. K&R, n/t.