Mother Jones finds two more major Romney outsourcing investments

[ProSense]

Mother Jones finds two more major Romney outsourcing investments

by Jed Lewison

More David Corn:

In recent weeks, Barack Obama and Mitt Romney have accused each other of being an "outsourcer in chief," as their campaigns have tussled over Romney's past at Bain Capital and the (non)release of his tax returns. But all this scuffling hasn't taken into account an until-now unreported fact about Romney's days at Bain: When he was running the private equity firm, he invested tens of millions of dollars in a pair of companies that specialized in outsourcing high-tech manufacturing and that developed offshore production facilities in Mexico, China, and elsewhere to build electronics for US firms.

In March 1999, shortly after Romney left Bain to take over the troubled Winter Olympics in Salt Lake City, Brookside Capital Investors Inc., a Bain-related entity wholly owned by Romney, filed a report with the Securities and Exchange Commission that listed dozens of companies in which Brookside held a stake the previous quarter. The roster included investments in Singapore-based Flextronics International ($13 million) and Florida-headquartered Jabil Circuit Inc. ($41 million), two companies that were leaders in the fast-growing field of outsourcing electronics manufacturing and offshoring production to low-wage countries. Together, these two investments represented almost 10 percent of Brookside's $559 million portfolio.

At this point, should be obvious to anyone paying any sort of attention that Mitt Romney invested millions and made millions as pioneer of outsourcing. If he's really as big a believer in free enterprise as he claims, Romney should be defending what he did, not denying it. But none of this has anything to do with principle for Romney. He's running for office, and he'll say whatever he thinks he needs to say to win. Just like he did at Bain.

- more -

http://www.dailykos.com/story/2012/07/21/1112171/-Mother-Jones-finds-two-more-major-Romney-outsourcing-investments

How to bat down RW attempts to take the heat off Romney for outsourcing
http://www.democraticunderground.com/1002969344

[Baitball Blogger]

1. The gift that keeps on giving.

[Rosa Luxemburg]

2. there's more

[Berlum]

3. Disgustipating republican screw job to America

Republicans really love to put the screw to Americans to make their fat cat mega profits....

[Mimosa]

4. Love Mother Jones and Corn's investigative reporting

ProSense, is there a reason you indirectly link to Daily Kos story about a Mother Jones 'exclusive'?

http://www.motherjones.com/politics/2012/07/mitt-romney-bain-outsourcing-flextronics-jabil-circuit

The only reason I ask is because of a health condition every extra click is painful. Otherwise, no big deal.
Based on Mitt Romney's business record he was a master of outsourcing and offshoring. Such tactics have made Americans poorer and jobless.

[ProSense]

6. >>>

http://www.democraticunderground.com/1002985084

[BumRushDaShow]

7. M'kay

Is the FReep server down again?

[EastTennesseeDem]

8. Freep servers? Down? Nonsense?

They're so modern.

[bluedigger]

9. There was an "incident" at the "facility".

[flamingdem]

11. What kind of critter is that?

Is it yours aww.

[bluedigger]

13. Just a poor hamster from the intertubes.

I think he took a spill off the wheel that runs their site.

[ProSense]

15. KrashTestDumby

appears to have run into a brick wall.

[flamingdem]

10. K&R

[OmahaBlueDog]

12. K & R

[Tarheel_Dem]

14. K&R

[ProSense]

16. Kick! n/t