Under the management of Willard Romney, Bain Capital was the PIONEER of outsourcing American jobs overseas. Is there any doubt this will be his main approach to "fixing" our economy if he's elected president?
President Obama's recent rule change in our immigration policy, and the release of this article in the Washington Post, may be the two biggest game-changers so far in this election season.
And it looks like the Romney campaign is in full meltdown mode trying to contain this story. They know this is devastating to Romney’s chances.
(Washington Post) 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.
While economists debate whether the massive outsourcing of American jobs over the last generation was inevitable, Romney in recent months has lamented the toll it’s taken on the U.S. economy. He has repeatedly pledged he would protect American employment by getting tough on China.