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MADem

(135,425 posts)
15. When RMoney started outsourcing jobs, Obama was a community organizer, so I don't know where
Sat Jun 23, 2012, 03:52 AM
Jun 2012

you are getting this "enabler" shit. How many private companies did Obama purchase, raid the pension funds, fire the workers, and split up? The answer is none.

It's not rocket science---REALLY. Here, read: http://www.washingtonpost.com/business/economy/romneys-bain-capital-invested-in-companies-that-moved-jobs-overseas/2012/06/21/gJQAsD9ptV_story.html

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.

...a Washington Post examination of securities filings shows the extent of Bain’s investment in firms that specialized in helping other companies move or expand operations overseas. While Bain was not the largest player in the outsourcing field, the private equity firm was involved early on, at a time when the departure of jobs from the United States was beginning to accelerate and new companies were emerging as handmaidens to this outflow of employment.

...Bain’s foray into outsourcing began in 1993 when the private equity firm took a stake in Corporate Software Inc., or CSI, after helping to finance a $93 million buyout of the firm. CSI, which catered to technology companies like Microsoft, provided a range of services including outsourcing of customer support. Initially, CSI employed U.S. workers to provide these services but by the mid-1990s was setting up call centers outside the country.




Recommendations

0 members have recommended this reply (displayed in chronological order):

pot calling the kettle black Vattel Jun 2012 #1
Really? DonCoquixote Jun 2012 #2
Yes, we should sit home and let Romney win emulatorloo Jun 2012 #5
Good campaign slogan if the only snark response is "I know you are but what am I?" McCamy Taylor Jun 2012 #9
Nah. Sorry clang1 Jun 2012 #12
Where do you invent your "facts?" nt MADem Jun 2012 #14
After being absolutely ravaged by the Washington Post article on Bain aint_no_life_nowhere Jun 2012 #3
Romney Worships Mammon LosMortales Jun 2012 #4
Link to WAPO article on Bain so we can have it handy if need be. emulatorloo Jun 2012 #6
At last... amerciti001 Jun 2012 #7
making Obama what, an enabler...? Earth_First Jun 2012 #8
piffle OKNancy Jun 2012 #10
+1,000 nt MADem Jun 2012 #16
When RMoney started outsourcing jobs, Obama was a community organizer, so I don't know where MADem Jun 2012 #15
Asshole Rove tactic Iliyah Jun 2012 #11
Hell yeah n/t clang1 Jun 2012 #13
"Outsourcing pioneer." truthisfreedom Jun 2012 #17
Me too. aurora the great Jun 2012 #18
Pioneer agent46 Jun 2012 #20
Bain Capital Horror Stories Continue to Haunt Mitt Romney's Campaign Judi Lynn Jun 2012 #19
Latest Discussions»Latest Breaking News»Obama Calls Romney ‘Outso...»Reply #15