Romney’s Bain Capital invested in companies that moved jobs overseas

Discussion in 'Politics' started by Crabtownboy, Jun 22, 2012.

  1. Crabtownboy

    Crabtownboy
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    Hmmm, how did this create jobs for Americans?

     
  2. LadyEagle

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    So what? If you have a pension or 401(k) you have invested overseas. If you do any banking, your bank probably invests overseas.

    And Romney hasn't given tax payer bail out bucks to GE who then shipped jobs to China like obama did.

    Don't even go there......there is probably enough corruption and "crony capitalism" in the obama WH to use up all the bandwidth of the BB, should we bother to take the time to google.

    And what about the SF Bay Bridge?

    http://www.nytimes.com/2011/06/26/business/global/26bridge.html?pagewanted=all


    Edited to add: You can blame the Democrats and Republican Speaker Newt Gingrich who "reached across the aisle" under Bill Clinton for American jobs being shipped overseas. It all started with NAFTA.....
     
    #2 LadyEagle, Jun 22, 2012
    Last edited by a moderator: Jun 22, 2012
  3. mandym

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    Good for them for three reasons:

    1. It is good stewardship

    2. It means the far left wing will have less money to redistribute

    3. It really ticks off the left.

    Three very good reasons.:thumbsup:
     
  4. LadyEagle

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    :laugh: :laugh: :laugh:

     
  5. targus

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    OOOPS.... The OP has been DEBUNKED. :laugh:


    Sorry, Washington Post, Romney didn’t get rich moving U.S. jobs overseas

    ... the WaPo seems more than a little fuzzy about the basics of how international business works — and the difference between outsourcing and offshoring.

    (Example 1) ... What CSI (Computer Software Inc.) actually did was provide U.S. software developers with technical support and sales. Example: It provided domestic outsourcing — which is different than overseas offshoring — for call centers and help desks. As far as its international business goes, CSI was reseller of U.S. software in European markets. In other words, they helped distribute U.S. software around the world.

    (Example 2) ... overseas call centers in the WaPo story (relating to Stream International Inc.) were based in Europe and Japan, and serviced international customers of U.S. companies in their local languages.

    (Example 3) ... what Modus Media did was help companies like Microsoft and IBM sell their products internationally. Products destined for American consumers were manufactured here at home.

    (Example 4) ... GT Bicycles had overseas suppliers before Bain invested in the company.

    (Example 5) ... (printed circuit board manufacturer) SMTC wasn’t even acquired until months after Romney left Bain Capital. Is Romney running for president or is Bain?

    (Example 6) ... (computer chipmaker and tester) Chippac was purchased in March 1999, a month after Romney left Bain Capital. Prior owner was Hyundai, a South Korean company that already had factories in Asia at the time of sale. So buying a company with foreign factories is the same, apparently, as “shipping jobs overseas,” according to the Washington Post.


    Read more: http://newsbusters.org/blogs/tom-bl...s-wapos-romney-outsourcing-stor#ixzz1yc3uDCZs
     
  6. freeatlast

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    In his private life his intent was not to create jobs for Americans. It was to make money for himself, and he did very well at it. His claim is that because he made himself rich he understands what it takes be able to bring America back to the riches it once knew.
     
  7. Crabtownboy

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    Then he and his supporters should not claim he created jobs.
     
  8. targus

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    Creating jobs may not have been his primary intent - but it certainly was a by-product of his financial activities.

    BTW - if Romney created just even one job that is one more that Obama did with his trillions of dollars of new debt.
     
    #8 targus, Jun 23, 2012
    Last edited by a moderator: Jun 23, 2012
  9. freeatlast

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    Not so. Your original OP was to try and make it seem that his private life somehow proves he will not seek to create new jobs because some of his ventures sent work outside the US, but his private life intent was not to create jobs but make money.
    By the way I am not sold on this man, but you are in essence making false accusations about him. The point of his campaign is that he became rich from his shrewd business deals. Now he is willing to use that shrewdness to bring back a thriving economy. His point is that the President has no underestanding of business so he is pushing us deeper in the wrong direction while he (Romney) will steer us in the right direction.
    Interjecting how he made his money is underhanded and no different then any politician and has absolutely no bearing on the campagin of Mitt Romney unless someone can show thta he will push jobs overseas instead of bringing them here which he has already made clear he will not.
     
  10. freeatlast

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    That would be false. Although I don't agree with how he did it, he did create some jobs by saving literally millions of them. The problem is that the cost does not justify the means to continue on that road which is what this current President proposes.
     
  11. Robert Snow

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    The right-wing nuts don't give a rip about American jobs. Just look at the ignorant response by mandym. Stupid comment, but expected.
     
  12. targus

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    What millions of jobs did Obama save?
     
  13. HankD

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    These companies eventually supplied goods and services to America.

    Though American jobs were lost at first everyone eventually benefited by these over-seas enterprises.

    More than if they were just shut down.

    Local offices in America had to be built (or maintained), Americans were employed, locally for distribution and transportation of goods within the states (Office Depot, Wal-mart, etc) sales of these goods and services here at home resulted in an American cash flow with resultant profits.

    Not as good as most home based organizations but more helpful to the economy than some home grown corporations such as Solyndra (for instance).

    HankD
     
  14. freeatlast

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    Detroit and all its venders are just a small amount.
     
  15. poncho

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    Where do you all get the idea it's the president's job to create jobs?

    It isn't the government's job to create jobs at all. It's the government's job to create a level playing field so the private sector is able to create jobs.

    Something neither the democrats or the republicans seem willing to do. A free market creates jobs. If only we had one those.
     
    #15 poncho, Jun 23, 2012
    Last edited by a moderator: Jun 23, 2012
  16. OldRegular

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    The Marxists who have taken over the democrat party starting with FDR will convert this Republic into a Marxist dictatorship. We have already seen some of this in Obama's executive actions.
     
  17. OldRegular

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    I am not sure it is the governments job to "create a level playing field". I believe there should be some regulation to prevent monopolies and that is about it. Sadly I believe some government policies have created monopolies, e.g., farm subsidies, supposedly enacted to help small farmers but put them out of business. Yet the subsidies continue at the expense of the taxpayer. Of course "crony capitalism" has reached a new high under obama!

    I am not a a big business person because big business and government often cooperate to shaft the consumer. I believe in free enterprise and limited government!
     
  18. poncho

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    Then we agree. The number one monopoly the government helped to create is the Federal Reserve system. Congress awarded a handful of private bankers a monopoly on creating money from thin air. Want a more even playing field? Want more jobs? Abolish this one stranglehold the global elite have on our economy and we'll have it.

    Romney is supported by this monopoly so he in turn is expected to support it, at our expense. And he will. Don't think so? Check out who his biggest campaign donors are.
     
    #18 poncho, Jun 23, 2012
    Last edited by a moderator: Jun 23, 2012
  19. carpro

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    Government Motors is opening a plant in China.
     
  20. mandym

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    The right wing nuts give a rip about freedom. And that means a company must have the freedom to do business where ever they want. American companies do not owe anyone anything. But the far left cares nothing about freedom especially when it comes to being able to redistribute other peoples money.
     

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