Outsourcing American jobs since the 1980s

Romney’s whole platform for running for president is that since he was in the private sector he knows how to create jobs. As it turns out, he does know how to create jobs…in China, India etc.

Not only did Romney ship American jobs overseas, his company was a ‘pioneer’ aka the first company to do it. It was Romney and his company that set the trend that has devastated this country and our economy.

Thanks Mitt.

“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.

Read the rest of the article here:
Romney’s Bain Capital invested in companies that moved jobs overseas