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Thursday, July 12, 2012

Investing In China's Success

Mother Jones: 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.

Mother Jones is being too kind.  The Washington Post reported Romney's company didn't just invest in outsourcing, they helped pioneer it.  This guy is a cancer to the country.  It wouldn't be a good idea to put a cancer to the country in the Whitehouse. We need a president who tries to do right by America, not China.  We need a president, not an outsourcer in chief.

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