Mitt Romney Was a Pioneer in Outsourcing American Jobson June 24th, 2012 at 12:09 am
Mitt Romney’s 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. Read more at the Washington Post
Romney had no comment when presented with the evidence that he was one of the innovators and early backers of outsourcing American jobs overseas. What can he say, that he made his millions by downsizing the American dream for millions of Americans?
Some might find it odd that Romney is now campaigning against what he once championed. Here’s what he said recently about China,
“They’ve been able to put American businesses out of business and kill American jobs,” he told workers at a Toledo fence factory in February. “If I’m president of the United States, that’s going to end.”
In effect, he’s promising to end a practice that he helped usher in. Talk about chutzpah.