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DiabloViejo
07-16-2012, 02:45 PM
EXCLUSIVE: Romney Invested Millions in Chinese Firm That Profited on US Outsourcing
The GOP candidate decries China poaching US jobs. But at Bain he held a large stake in a Chinese company that did just that.
—By David Corn | Wed Jul. 11, 2012 8:10 PM PDT
MotherJones.com (http://www.motherjones.com/politics/2012/07/bain-capital-mitt-romney-outsourcing-china-global-tech)

http://mjcdn.motherjones.com/preset_12/romney-red-sky.jpg

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 it HERE. (http://www.motherjones.com/politics/2012/07/bain-capital-mitt-romney-outsourcing-china-global-tech)

DiabloViejo
07-16-2012, 05:39 PM
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