By Axel Tonconogy

Mitt Romney, A/K/A The “Outsourcer-In-Chief”

June 22, 2012 7:02 pm Category: Memo Pad 27 Comments A+ / A-
Mitt Romney, A/K/A The “Outsourcer-In-Chief”

The Obama campaign just acquired a truckload of ammunition to shred the Romney-as-job-creator narrative. The Washington Post reported on Friday that Bain Capital, Romney’s private equity firm, poured investments into firms that specialized in outsourcing American jobs.

“During the nearly 15 years that Romney was actively involved in running Bain (…) ” the report says, “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.”

The response from the Romney campaign was swift but not quite persuasive:

“This is a fundamentally flawed story that does not differentiate between domestic outsourcing versus offshoring nor versus work done overseas to support U.S. exports. Mitt Romney spent 25 years in the real world economy so he understands why jobs come and they go,” Romney spokeswoman Andrea Saul said. “As president, he will implement policies that make it easier and more attractive for companies to create jobs here at home. President Obama’s attacks on profit and job creators make it less attractive to create jobs in the U.S.”

Tom Hamburger’s report, however, rebutted that argument by specifying how American jobs were shipped overseas:

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.

The Obama campaign has fully embraced the report, predicting that Romney would be an “outsourcer-in-chief”. By focusing on his record as a businessman and claiming to have created thousands of jobs, Romney invited scrutiny into his time at Bain Capital — and enabled the Obama Administration to make the campaign about Romney’s record, even though he’s not currently in office. By zeroing in on the semantics of “offshoring” versus “outsourcing”—and ignoring Bain-backed companies that pioneered outsourcing of jobs—the Romney campaign unwittingly revealed a weak point.

Mitt Romney, A/K/A The “Outsourcer-In-Chief” Reviewed by on . The Obama campaign just acquired a truckload of ammunition to shred the Romney-as-job-creator narrative. The Washington Post reported on Friday that Bain Capita The Obama campaign just acquired a truckload of ammunition to shred the Romney-as-job-creator narrative. The Washington Post reported on Friday that Bain Capita Rating:

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  • http://www.facebook.com/commserver Jim Lou

    ““This is a fundamentally flawed story that does not differentiate between domestic outsourcing versus offshoring nor versus work done overseas to support U.S. exports.”

    Huh? I don’t understand what is being said. Does any one?

    • johninPCFL

      “Outsourcing” fires local workers to place the work at cheaper US firms.

      “Offshoring” fires local workers to place the work in foreign companies overseas.

      “Work done overseas to support US exports” is hiring foreign sales and support personnel (engineers, salesmen, etc.) instead of having a US office and buying plane tickets when necessary. It is probably also a euphanism for keeping the profits from any transactions in Cayman Islands accounts until the CEO can retire there.

    • http://pulse.yahoo.com/_D5HPWVIJUUCDCQIWUV636LNM4A Elsa

      So then explain to me how outsourcing the reading of patients Xrays (a common practice) supports US exports?

  • http://profile.yahoo.com/YLOV65WE3FHT2EZNKQHYLDLIXI GARY

    As the CEO of GE said in an interview; My job is to make money. If people in India can do the same work for less, than I am going to India.

    That seems to be the 1% mantra. They could care less about the country that enables them to make and keep most of that money, nor the people here. Sheldon Adelson pays the lowest taxes in the world on gaming in Las Vegas. He can pour tens of millions into PAC donations, but Nevada schools rank 49th in the nation. It’s OK to give China 50% tax in Macau, but 7% is too much in Nevada.

    These elitists are all alike. Screw you and Hooray for Me !

    • http://pulse.yahoo.com/_UNRSOQB7TEU2XBPPAZ7GZPVNXM EdC

      This shows real patriotism on his part doesn’t it. If one of our active military said my job is to stay alive, and al queda will let me live then i go to Al queda, what would happen to him. But to republicans their money is more important then your life. Speaking about Sheldon, and Wynn, and Trump, these are suppost to be smart guys, but isn’t the major part of their business is working and retired “little” people coming in and gambling away their earnings. Then why do these “eagles” want, with like rest of the Republicans, to cut their wages so that they can’t come in and gamble. YOu know the real funny part is that there are still morons that believe that the repuvblican idea is right.

    • http://www.facebook.com/donnie.toby Donnie Toby

      I would be ticked to death, yes death, if Big Companies could / would ‘outsource’ their CEO jobs !!!! WOW !!! I still think that strong unions is the only answer to outsourcing. I remember and worked in the era of strong unions and the BIG boys still made millions. just not billions and billions.

      • rmarqua2921

        Notice none of the CEO’s are moving to India or China! None of them would even consider living there! CEO’s don’t “create jobs” in America with the money they hoard from the cheap labor in Asia! And the big problem now is that Americans don’t have the money to buy their products and services! If the Republicans think that Companies are going to create jobs here in America because we give them tax breaks and remove regulations, they are stupid! Companies hire more workers when there is a bigger demand for their products or services! That makes sense!

        However, destroying the unions which results in lower pay and benefits to the American people, only means there is less demand for their products and services, i.e. less profit! Do these companies actually believe that once they destroy the USA work force who now buys their products and services that the Chinese, or the Indians, or the Vietnamese, will pick up the slack and buy their products and services? If CEO’s and companies believe this, I have some acreage in Arizona I need to sell! Already they are copying all those products and services we sent to them. They are using their cheap labor to fill their own pockets! hmmmm

        I believe it shows how short sited and greedy too many companies are! To hell with the company in 20 years, right now we are going to make as much money as we can and fill our pockets…we are going to put it in the banks in the Cayman Islands and live the good life for the rest of our lives!

  • http://www.facebook.com/profile.php?id=1118543425 Robin O’Brien

    I’m a flight attendant for a major airline that flies to India and China. First and business class are always full of American business men and women flying around the world to outsource our jobs. When I started to fly these routes I tried to inform myself by reading a few books and articles that explained why they were outsourcing…..

    It didn’t help! Our company has employed Bain to specifically bust up our three major unions. They would love to outsource all of our jobs. Now I can’t stand to look at those passengers. They represent all that is so wrong with our country right now. Everyone just wants to feel appreciated by their employer. Once appreciated an employee’s loyalty will help escalate a company to the top…..Outsourcing only deflates the moral of those employees that were replaced. Those that were ‘lucky’ enough to remain feel constantly threatened and under-appreciated and they’re the ‘lucky ones’!

    If the bottom line is what truly matters to the CEOs and upper management of a company where customer service brings returning revenue back…..Best of luck with that concept. I treat my passengers the same way that I am treated by my employer. I’m worn out and tired of struggling to pay for life’s basic needs. Hope your outsourcing plan is in place because the really good employees would rather not work for you anyway.

    The good news is that Romney will not win the election because the majority of the US feels the same as I do. He IS NOT the change that we need!

    • http://pulse.yahoo.com/_UNRSOQB7TEU2XBPPAZ7GZPVNXM EdC

      Robin I suspect that you treat your passengers a hell of a lot better then your company treats you, In fact I’m sure of it. You may not like them I REALLY don’t blame you. But if your feelings showed as much as the contempt that your company has shown you, you wouldn’t have to worry about it any more. I know the feeling and now that I’m retired i will, even though I shouldn’t, name names, the last three years of working for United parcel Service they had me so sick mentally that was looking for a school bus loaded with kids to run over. Thank God I got out. i hope you only have a short time until retirement if not take something else, it may mean a cut in pay, but it might save a shrink bill or two.

    • http://pulse.yahoo.com/_D5HPWVIJUUCDCQIWUV636LNM4A Elsa

      Well said and very true. I do not know one person who actually like their job. Everyone is being asked to do more for less. I know someone who has a month of vacation time coming and the boss will not let him take it.

      • http://www.facebook.com/ray.ward.501 Ray Ward

        The only loyalty of most corporations is to the suits, not the people who do the dirty work. While they scream needing more incentives to employ American workers, they seem to be more than able to provide ridiculous bonuses and quirks to guys who sit in their air conditioned offices and whose only job is too insure that those on top make more and more. The actual people providing the labor or services are expendible and not where the CEO’s want to place their money. If Romney is elected, we will see an increased decline in the standard of living for the middle class and poor, while, as we have witnessed, even in a poor economy, the wealthy will continue to prosper. Romney has made no indication of doing anything different than George Bush did and we all know the consequences of that. The GOP has turned it’s backs on the everyday American people and are more and more bought and paid for by the wealthy.

      • DurdyDawg

        And THIS will become common place once the unions (our only advocates) are collectively destroyed.. Young people don’t realize this because they’ve been paid either union wages or top dollar.. You want the truth? Ask the minimum wagers, the waiters and waitresses.. The janitors and sports arena sellers.. They’ll tell you and soon you will be vying for their pay.. What’s going on today (long hours, cut in pay, less than forty in order to get out of paying benefits) is EXACTLY what big b’ness is salivating over and once their cronies ditch the unions, they’ll have carte blanc..

  • howa4x

    Republicans work for the ruling class that Mitt Romney belongs to. Usually they do it from behind the curtin like the wizard of Oz and have front people like “W’ who are Oligarcy wannabes, who will lavish the largess of the country on this priveliged few. But now one of their own has come out to challenge the rest of the country who is questioning their right to rule. The problem is in doing so he’s allowed the rest of us to pullback the curtian of how the super rich made their money. The Genie is comming out of the bottle now, and as they say on Wall St there is blood in the water. This article has now shed unwanted light on the 1% and even though it’s just a glimmer, others will now follow and they will look at the practices of Bain with a powerful search light, and maybe once Bain is opened up the rest of Wall st will follow.

    The mouthpeices of the 1% namely O’Oeilly, Rush, Beck, Coulter, Hannity and that cast of characters at Fox and Friends will have to work overtime to counter this damage. Watch them paint these attacks as a conspiricy by socialists to to ruin the reputation of the sacred job creators(even though they really did’t create any jobs) this myth created by them that comes out of the mouth of all tea party dupes who are not smart enough to know what”s really going on, and are the only ones to believe this nonsense without quetion. Dick Armey you really did your job well!!

  • bigspender7

    Can’t wait to see how the republicans spin this.

    • http://pulse.yahoo.com/_UNRSOQB7TEU2XBPPAZ7GZPVNXM EdC

      Hey Fomney has already claimed the success of G.M. aftermof course he told us to let it fail. They will surely come up with something and their morons will be running around claiming the God’s honest truth.

  • http://profile.yahoo.com/SUR7VMC3LIHHTLD6DLQHRIIGWQ OctavioE

    Outsourcing, real estate bubble, hostile take overs, mergers, derivatives, hedge funds etc. etc. has been the money making strategies for the privileged few that readily apply the economic formulas that our Nobel prize in Economy (with very few exceptions) among others announce from time to time, which are tailor-made for the powerful nevertheless.
    The financial brethren dictates our governments, policy and oversight; the same people that invented the “revolving door”, one day they are in the private sector, next day they are
    regulators. What a joke !!!! Nothing will change a bit ever, unless we change the system. And that’s another joke. We live now in a society of comedians. Shameful

    • http://pulse.yahoo.com/_UNRSOQB7TEU2XBPPAZ7GZPVNXM EdC

      THANKYOU

  • http://profile.yahoo.com/4EHIQYKH262OSWPL5GY3DVQUUQ George

    “Don’t bite the hand that feeds you!” While it is safe to assume that Romney will support policies that make the exporting of jobs easier and profitable for American companies just as he did at Bain, don’t expect Obama to be much better. They are BOTH in the back pockets of corporate America. i.e. “Corporate Robots”! Unless we elect a viable 3th party candidate who does not take corporate money and has a 40+ year track record of serving his country and is a true public servant, we can expect more of the same. Nothing much is going to change with either Obama or Romney! One only has to flip a coin to decide which of these 2 is the lesser of two evils! Therefore I am casting my vote for RON PAUL and/or GARY JOHNSON! If all the free thinking Democrats and Republicans vote for RP/GJ, they would win! It will be interesting to see weather Democrats and Republicans will vote for the best candidate or just stay on their respective bandwagons and tow the party line?

    • http://pulse.yahoo.com/_UNRSOQB7TEU2XBPPAZ7GZPVNXM EdC

      Which Planet did you fly in from, Even if you were half right, which you aren’t, Obama would still be the better choice by what ever the distance is from your planet.

  • Steve danna

    AKA, BAIN LIQUIDATERS INC., Perfect name for a bunch of zeros !!!!!

  • http://www.facebook.com/donnie.toby Donnie Toby

    If this does not sink Romney, nothing will, that is if President Obama doesn’t stop putting his foot in his mouth like the recent marijuana and legalizing illegals goof.

    • http://profile.yahoo.com/3J6OEWYHKZIJQD5X4CJCRJTKPE Patricia

      Poll shows that 64% of Americans like the young Hispanics immigration change.

  • http://profile.yahoo.com/3J6OEWYHKZIJQD5X4CJCRJTKPE Patricia

    Romney is such a bald-faced liar. Obama has NEVER attacked corporate profits. Nor has he tried to make it more difficult for corporations to create jobs here. Quite the contrary. It’s true that corporations right now are enjoying record profits and are still not hiring many Americans. It is also true that Obama and the Democrats want to stop Corporations from continueing to receive tax incentives to move jobs overseas. Yes, can you believe it! Companies currently get tax incentives to take jobs overseas — who the heck ever thought that was a good idea?There is a Obama-driven Democratic bill that’s been in Congress for a while that will give corporations tax incentives ONLY if they do NOT send American jobs overseas. Obama also wants to pay for corporations’ moving expenses if they bring their businesses back to America. But that bill is being blocked yet again by the Republicans. Romney has remained silent about this bill. But given that he also outsourced Massachusetts jobs overseas when he was Governor, I’m pretty sure what he would say.

  • http://profile.yahoo.com/DPZS633ZXEPQNZGY5FEGHQV7ZE LEONARD

    This country is going down ,because they don’t want to pay taxes little the poor an middle class. like the bibile says the have not is first in my kingdom.

  • nomaster

    Willard Mitt Romney is a politician and a private capital investestor. He stands for profit and his profit is to the special few. He uses the working middle class to gain for his investors. He is true to his cause but not to the cause of the middle class family in its growing plight. Willard the Rat man doesn’t care. Everyone says that private business experience is all that is needed to make effective government. Sorry but it is far from true. Government isn’t for anyone specific groups profit but government provides the services that the individual needs, and that the industrail complex does not. Government’s best hope is to work effectively and efficiently to provide the most services for the least expense. If we don’t want to pay more taxes then we need to require less services. Nothing is free nor fair in life, the best we can hope for is to live in content and believe in ourselves and our freedoms to be or become whatever we want. The constitution is ours and ours alone to defend, for the day that pass and we pass its care to deceiving, two faced politicains with their meely mouths then our downfall is true. If you are a religious person, carry the faith, if not, believe in your ideals and all stand together to fend off the new world order, of the world government freaks. Willard the Rat Man is proficient in what he does and does it very well. He is also uncommited to anything that doesn’t give him an extra million.

  • onedonewong

    Surprising that Saturdays Fact Checker at the WashPost said that baraks ads were totally false so much for the story

  • fisherjbl

    Walk into any Staples Office supply (Bain and Romney’s “big” sucess story) and start looking at where everything is made and you’ll understand what happened to American manufacturing. Vertually everything, except paper stock and plastic bins, comes from Asia, eastern Europe and South America. Here’s a question; If the Objectivist, like Romney and Paul Ryan, hate European and Asian Socialism so much, why do they love building up their economies?

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