In recent months Republican presidential nominee Mitt Romney has lamented the toll the outsourcing of American jobs to foreign countries has taken on the U.S. economy. Romney is so “concerned” about outsourcing of American jobs that he has repeatedly promised he would work to keep American jobs in America by getting tough on China.
Predictably, Romney’s rhetoric on outsourcing doesn’t match his record on outsourcing, as a report by Tom Hamburger of the Washington Post notes.
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.
If you’re a fan of large corporations maximizing their profits by undercutting the economic security of the middle class and shipping their jobs overseas, then Mitt Romney is most definitely the presidential candidate for you.
However, if you think the American middle class should not only be protected but also strengthened, then it seems pretty clear Mitt “Anything for a profit” Romney isn’t the best choice to serve as our president.
See also: Mitt Romney roots for economy to fail so he can win election.
9 thoughts on “Mitt Romney: willing to outsource American jobs to make a profit”
Romney’s a ‘Job Creator’ alright it’s just he’s creating slave jobs in thrid world sweat shops run by oppressive governments…
That is Capitalism!
Yeah, the myth of Mitt Romney as a job creator is just that – a myth.
Perhaps Romney was acting on the advise of Obama’s job Czar, Jeffy Immelt who has been moving GE’s jobs to China at an alarming rate. Including more than a few from their Pewaukee facility.
Kim, I know this is a difficult concept to grasp, but not everything is somehow tied to President Obama.
It’s pretty clear Mitt Romney’s decision to outsource American jobs was motivated by one thing…..his desire to accumulate as much profit as possible so he could build a car elevator for his beachfront property in California.
This article is an example of why I feel that progressives have to fight on another level – that of letting republicans obfuscate the language of politics.
First, “Job creators”. Romney is an excellent job creator. He has made many jobs in low wage countries, and would probably be good at bringing back jobs to America as long as workers were willing to accept no benefits, non-livable wage jobs.
Progessives HAVE to take back the language. I can tell Lena Taylor, among others, has made a start. I heard her several times call it the Voter Supression bill instead of the Voter ID bill.
Articles like this make a start. We also have to work on politician’s to hit them hard. Livable Wage jobs. Viable health insurance. Profit motive run amok. Stealing wages versus so-called entitlements. Worker’s rights, not right to work. Worker discrimination – public vs private, corporate unions (Chamber of Commerce) vs worker unions.
Keep it up!
As a lifelong progressive, allow an heretical observation.
Yes, Romney was a grow-Bain, whatever it took, to the exclusion or detriment of the American worker.
But I saw some redeeming qualities as a Governor with his advocacy of health care.
Who or what is he for now? I don’t know! And therein lies the danger.
Duane, you raise a good point, but I’m not willing to take a chance on someone who’s willing to do or say just about anything to get elected. Mitt Romney is dangerous….at least in my opinion.
I can’t say if Romney is dangerous, but I agree he is scary!
From what I can tell, Mitt Romney doesn’t have a core set of beliefs that guide him, and that makes him dangerous.
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