Bain Capital has fallen off the radar lately, but an explosive new piece in the Washington Post should put it back in the spotlight:
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.
This isn’t some conspiracy theory or speculation. This information comes from federal documents filed by Bain. They admitted the practice in documents that lying on is a federal offense.
Mitt Romney was the king of outsourcing American jobs! The man the GOP wants to put in the White House is a big reason that we have lost our manufacturing base and now there is proof!
Of course the GOP will probably champion him more as a hero now because what Romney did was in the interest of his own fortune and not of others. He is the greedy rich guy and that is what the GOP loves. Forget country and fellow citizens – it’s the party of Gordon Gecko!