Why was Bain Capital Outsourcing jobs to India and China when Mitt Romney was Governor of Massachusetts?
Mitt Romney is running on his record of creating jobs as both the Governor of Massachuetes and as an executive at Bain Capital. But a 2002 article from the Boston Business Journal reveals that his former company Bain Capital was outsourcing jobs to India and China at the same time Romney was Governor. Bain Capital that year retained an IT company E-5, in which it was also an investor, which reportedly outsourced most of it's work to India and China. The company was to handle jobs that Bain would previously done in-house.
Asked By: FLSwampBoy - 6/11/2012
Best Answer - Chosen by Asker
The "god" that Bain Capital and its executives worship is "expanding profit margins"...their goal is to MAKE MONEY for their INVESTORS above all else, which means that corporate raiding is the goal---not helping companies stay put on American soil or keeping American workers on the job. If you note the various... More
Answered By: Armchair Goddess #1 - 6/11/2012
Additional Answers (10)
Bring the jobs back to America -- CLOSE THE EPA!
Answered By: AverageJoe - 6/11/2012
They get a better return for their investors if they cut expensive US employees and move to a more "entrapunerial" country where by the way human life and labor is treated as a low-value commodity. Romney knows that if we only treated US workers that badly the companies would come back. That's his jobs plan.
Answered By: Cantankerous - 6/11/2012
Do you see why the first part of your question makes no sense? If that's the case we should be angry at Obama that GE didn't pay it's taxes. ROMNEY LEFT BAIN IN 1999!!! Silly libs
Answered By: Testor - 6/11/2012
And I suppose you think Bain was the only company doing that? One of the ways you make a failing company profitable is to reduce overhead costs and that sometimes means going to places where that can be done. Would it have been better for them to just let the business go broke?
Answered By: jaker - 6/11/2012
That means he wasn't at Bain Capital... GENIUS! HERP-a-dee-derp-derp nut sucker!
Answered By: JOBS - 6/11/2012
Because BILL CLINTON started free trade and made it legal to do so. NO BUSINESS WOULD HAVE OUTSOURCED JOBS unless Bill Clinton made it legal.
Answered By: Wally, Go Back To Your Hive, You Insect - 6/11/2012
Because he hates America
Answered By: Bopped - 6/11/2012
So, Romney is the only one affected by this... More
Answered By: The Warlock - 6/11/2012
You are apparently not smart enough to understand what you read. AT THE TIME HE WAS GOVERNOR his FORMER employer. Now, continue reading the article there johnny boy. Or are you reallly stupid enough to believe that he was running a multinational investment firm AND Governor at the same time... More
Answered By: Stu Pedasso - 6/11/2012
Because they preferred paying them $10 a week instead of paying Americans $10 and hour. But they still raised prices the traitorous scum.
Answered By: Wobble - 6/11/2012
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