Former Corporate Raider Says He Would Protect American Jobs but in Private Sector He Was a Pioneer in Shipping Jobs Overseas. A Washington Post Investigation Finds That Mitt Romney Invested In and Profited From Outsourcing American Jobs
Democratic Party of Wisconsin Chair Mike Tate released the following statement blasting Mitt Romney on his breathtaking hypocrisy on jobs as chronicled in a Washington Post investigation which found that while Mitt Romney pays lip service to protecting American jobs on the campaign trail, he was in fact a pioneer in the private sector in the practice of outsourcing jobs overseas.
The Washington Post found that as the head of Bain Capital, Mitt Romney was a serial outsourcer of jobs and that Bain was among the earliest companies investing in and promoting the practice as a means of making millions for Romney, his partners and investors.
“Today’s Washington Post story confirms that during his time at Bain Capital, Mitt Romney consistently placed profits before people and bottom lines ahead of those on the assembly lines,” said Tate. “The story shows that while Mitt Romney was actively running Bain Capital, they invested in and owned companies that ‘were pioneers in the practice of shipping work from the United States to overseas call centers and factories making computer components.’ That’s not what Wisconsin families are looking for in a President.
“The fact is, this is ‘Romney Economics’ to the core. It may have been a sweetheart arrangement for Mitt Romney, but for middle class Americans who saw their jobs moved overseas to increase Mitt’s profit margins, it was a raw deal. With this in mind, Mitt Romney’s hypocrisy on the issue of jobs is breathtaking. On the campaign trail, he says he’ll protect American jobs but it turns out that Mitt Romney was one of the founding fathers of outsourcing American jobs — all while raking in millions for himself.
“President Obama knows we need an economy built to last ― one that creates jobs for the future and makes things the rest of the world buys ― not one built on outsourcing, loopholes, and risky financial deals that jeopardize our entire economy and threaten the security of the middle class. That’s not what Mitt Romney wants — he has a long and documented history of placing short term gains for himself ahead of the long term well-being of middle class American workers. ‘Romney Economics’ didn’t work for Massachusetts, it didn’t work for middle class workers who saw their jobs shipped overseas and it’s not going to work for Wisconsin’s middle class families.”