Huffpost Politics

Mitt Romney Outsourcing: GOP Candidate Invested Millions In Chinese Firm That Profited By Sending U.S. Jobs Overseas

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Last month, Mitt Romney's campaign got into a dustup with the Washington Post after the newspaper reported that Bain Capital, the private equity firm the GOP presidential candidate founded, invested in several US companies that outsourced jobs to China and India. The campaign indignantly demanded a retraction, claiming that these businesses did not send jobs overseas while Romney was running Bain, and the Post stood by its investigation. Yet there is another aspect to the Romney-as-outsourcer controversy. According to government documents reviewed by Mother Jones, Romney, when he was in charge of Bain, invested heavily in a Chinese manufacturing company that depended on US outsourcing for its profits—and that explicitly stated that such outsourcing was crucial to its success.

Read the whole story at Mother Jones

Around the Web

Mitt Romney returns fire in'outsourcing' fight - The Washington Post

Mitt Romney attacks Obama on outsourcing jobs - The Washington ...

Mitt Romney's record: Outsourcing jobs, investing overseas ...

Obama Stimulus Sent Jobs Abroad, GOP Says - WSJ.com

GOP frets about swing state toll on Romney from Bain attacks - NBC ...

David Plouffe steps up outsourcing attack - MJ Lee - POLITICO.com

Mitt Romney: Barack Obama is 'outsourcer in chief' - Juana - Politico

Outsourcing attacks: Romney campaign turns the tables on Obama

 
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