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Wed Oct 10, 2012, 09:49 AM

As Romney Repeats Trade Message, Bain Maintains China Ties

Source: NY Times

The tale of Asimco Technologies, an auto parts manufacturer whose plants dot eastern China, would seem to underscore Mitt Romney’s campaign-trail complaint that China’s manufacturing juggernaut is costing America jobs.

But there is a twist to the Asimco story that would not fit neatly into a Romney stump speech: Since 2010, it has been owned by Bain Capital, the private equity firm founded by Mr. Romney, who has as much as $2.25 million invested in three Bain funds with large stakes in Asimco and at least seven other Chinese businesses, according to his 2012 candidate financial disclosure and other documents.

That and other China-related holdings by Bain funds in which Mr. Romney has invested are a reminder of how he inhabits two worlds that at times have come into conflict during his campaign for the White House.

* * *
Among the companies in which the Bain funds have invested is a global auto parts maker that is in the process of closing a factory in Illinois and moving most of the equipment and jobs to Jiangsu Province, where the Chinese government has built it a new plant; a Chinese electronics retailer accused by Microsoft of selling computers with pirated software; and a Hong Kong-based Chinese appliance maker that was sued for copying another company’s design for a deep-fat fryer.

Read more: http://www.nytimes.com/2012/10/10/us/politics/as-romney-repeats-trade-message-bain-maintains-china-ties.html?hp



Nice how Romney continues to profit from out-sourcing, as well as receive major support from the U.S. Chamber of Commerce, while 11th hour moderate Mitt talks tough on China.

7 replies, 1790 views

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Reply As Romney Repeats Trade Message, Bain Maintains China Ties (Original post)
TomCADem Oct 2012 OP
JudyM Oct 2012 #1
heaven05 Oct 2012 #2
Berlum Oct 2012 #3
DhhD Oct 2012 #4
lsewpershad Oct 2012 #5
highplainsdem Oct 2012 #6
OneAngryDemocrat Oct 2012 #7

Response to TomCADem (Original post)

Wed Oct 10, 2012, 09:55 AM

1. Glad to see this from the Times. If only it were on the front page. nt

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Response to TomCADem (Original post)

Wed Oct 10, 2012, 10:05 AM

2. shameful

yet we still have a horse race. What hypocrisy this countries M$M is perpetuating. If this election is NOT stolen by the corporate fascist and their media enablers and the american electorate votes this devil in, god help this pitiful country and the willful idiots that vote for this dangerous clown.

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Response to TomCADem (Original post)

Wed Oct 10, 2012, 10:08 AM

3. Republican Cesspool Hypocrite Values. As usual.

What lying sleazebags the Republicans are trying to ram down America's throat...

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Response to TomCADem (Original post)

Wed Oct 10, 2012, 11:22 AM

4. Mitt does NOT practice what he preaches. What a hypocrite.

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Response to TomCADem (Original post)

Wed Oct 10, 2012, 12:19 PM

5. Absolutely Shameless

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Response to TomCADem (Original post)

Wed Oct 10, 2012, 02:32 PM

6. K&R

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Response to TomCADem (Original post)

Wed Oct 10, 2012, 02:36 PM

7. Three Arrested Protesting Outsourcing of Bain Capital Owned Sensata Technologies

http://www.democraticunderground.com/1014260229

PLEASE! Learn as much about this matter as you possibly can - a small midwestern town is going to be devastated by this: my town of Freeport, Illinois.

And your town is next.


Workers join with the Overpass Light Brigade in front of the local Sensata plant
to protest the outsourcing of 170 jobs from Freeport, IL to communist China.

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