Obama Calls Romney ‘Outsourcing Pioneer’

[kpete]

Source: Wall Street Journal

Obama Calls Romney ‘Outsourcing Pioneer’



President Barack Obama on Friday criticized Republican presidential hopeful Mitt Romney as an “outsourcing pioneer” because of investments made by Bain Capital, the private-equity company he one ran.

The Washington Post reported Friday that Bain invested in firms that specialized in helping other companies move jobs overseas.

“We do not need an outsourcing pioneer in the Oval Office,” Mr. Obama said about 20 minutes into a campaign speech in Tampa. He continued, “We need a president who is going to fight for American jobs.”

Mr. Obama’s comments represent the latest criticism of Mr. Romney’s tenure as the head of the private-equity firm Bain Capital. Mr. Obama’s campaign has previously initiated attacks of the former Massachusetts governor’s time at the private-equity firm, sometimes creating a backlash among Democrats that it has gone too far

Read more: http://blogs.wsj.com/washwire/2012/06/22/obama-calls-romney-outsourcing-pioneer/

[Vattel]

1. pot calling the kettle black

[DonCoquixote]

2. Really?

Sorry to disillusion you, but Mitt was doing outsourcing way back before outsourcing was cool on Wall Street/.

[emulatorloo]

5. Yes, we should sit home and let Romney win

[McCamy Taylor]

9. Good campaign slogan if the only snark response is "I know you are but what am I?"

Keep using the phrase. And where can I get my Romney "Outsourcing Pioneer" button?

[clang1]

12. Nah. Sorry

Not at all.

[MADem]

14. Where do you invent your "facts?" nt

[aint_no_life_nowhere]

3. After being absolutely ravaged by the Washington Post article on Bain

which is where Obama acquired the "outsourcing pioneer" line, maybe Romney will actually start talking about Seamus, because every other issue seems to show him in an even worse light.

[LosMortales]

4. Romney Worships Mammon

Mitt Romney is a wealthy puppet of the Mormon Church, which worships Mammon. He doesn't care about anything else. To get a better understanding of the cult that produced Mitt Romney and to get your socks scared off read The Assassination of Spiro Agnew, available at:

www.amazon.com/Assassination-Spiro-Agnew-novel-ebook/dp/B0083EGJXC


It dramatizes the Mormons' anti-federal government temperament and demonstrates how their superiority complex manifests as racism, sexism, and jingoism on the ground.
It also shows the similarities between Islam and Mormonism and reveals the secrets of Mormon Mind Control.

Consider this review:

“With a clarity of language and vision unsurpassed in contemporary American prose, Steven Janiszewski's Assassination of Spiro Agnew takes us into a U.S. mazed with madness and Mormonism and all things Utah, a U.S. that was then and still is. Do we need a novel, even as brilliant as this one, about a young man on a divine mission to assassinate the Vice President because he is too liberal? Yes, now more than ever. Readers, welcome to a masterpiece.”

Tom Whalen
www.tomwhalen.com

Everyone should read The Assassination of Spiro Agnew.

[emulatorloo]

6. Link to WAPO article on Bain so we can have it handy if need be.

http://www.washingtonpost.com/business/economy/romneys-bain-capital-invested-in-companies-that-moved-jobs-overseas/2012/06/21/gJQAsD9ptV_story_1.html

[amerciti001]

7. At last...

Some of the most damning facts are starting to bubble to the surface. Of course they will stomp it into the ground by morning with ,pretty much, few references left aroung the web. This Mormom!?, thinks we are all to stupid to understand this, hides behind a fake smile and laughter.

[Earth_First]

8. making Obama what, an enabler...?

[OKNancy]

10. piffle

[MADem]

16. +1,000 nt

[MADem]

15. When RMoney started outsourcing jobs, Obama was a community organizer, so I don't know where

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.

[Iliyah]

11. Asshole Rove tactic

turn it around and blame the other party or candidate so therefore the paid RW trolls will start doing that as another taking point. RW trolls are like worker ants and do exactly what is told to them by their masters (queen ant).

That said, Pres O is not blameless. But as for me and to my understanding, he has tried with help to create many jobs in the US without the help of congress. Congress is now holding hostage over 3 million US jobs BECAUSE of Keystone, y'know, the project that want to drill in every backyard, national park, etc. Oil that will be outsourced to other countries for profit and the US taxpayers overall gets nothing. Fuck-up our country for fucking profit but the GOP in congress refuse to help in the infrastructure and repairing of America.

The GOP and Mittens don't give a rat ass about us little people.

[clang1]

13. Hell yeah n/t

[truthisfreedom]

17. "Outsourcing pioneer."

Has a nice ring to it. And it has staying power.

[aurora the great]

18. Me too.

I agree. and if any of you think that a Romney presidency would be no different than an Obama presidency your kidding yourself. Like it or not this is our playing field, Obama vrs Romney, crawl back under a rock if you want to. But I'll be playing, I almost typed praying, (freudian slip) on the Obama side of the field.

[agent46]

20. Pioneer

Is usually a term reserved for people who have broken new ground in positive ways. This is an unfortunate use of the term and carries little negative impact. I don't understand Obama's overly careful diction. He always seems to be walking on eggshells. His rhetoric is far from forceful or convincing imo.

[Judi Lynn]

19. Bain Capital Horror Stories Continue to Haunt Mitt Romney's Campaign

Today at 4:08 PM
Bain Capital Horror Stories Continue to Haunt Mitt Romney's Campaign
By Caroline Bankoff


The double-edged sword that is Mitt Romney's career at Bain Capital will not stop causing image problems for the candidate. This time, it's a pair of articles chronicling the private equity firm's outsourcing of American jobs and methods for draining money out of the failed companies it controlled. The Washington Post has the former story, which reporters gleaned from Bain's Securities and Exchange Commission filings. While campaigning, Romney has frequently promised to bring jobs currently done by overseas workers back to the United States, but the filings show that Bain began investing in companies that specialized in outsourcing in the early nineties.

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.

Two years after Bain invested in the firm, CSI merged with another enterprise to form a new company called Stream International Inc. Stream immediately became active in the growing field of overseas calls centers. Bain was initially a minority shareholder in Stream and was active in running the company, providing “general executive and management services,” according to SEC filings.

By 1997, Stream was running three tech-support call centers in Europe and was part of a call center joint venture in Japan, an SEC filing shows. “The Company believes that the trend toward outsourcing technical support occurring in the U.S. is also occurring in international markets,” the SEC filing said.

More:
http://nymag.com/daily/intel/2012/06/bain-horror-stories-continue-to-haunt-romney.html