Want More Jobs Outsourced Overseas? Romney’s Your Man!

Mitt Romney Waves Goodbye To American Jobs

Last week The Washington Post published an article about Mitt Romney’s years at Bain Capital. In short, it destroyed Romney’s oft repeated claim that, as the result of his private sector business experience, he knows how to create jobs. Indeed, the article shows that while running Bain Capital, Mitt Romney invested in companies which contributed to a vast outsourcing of American jobs to foreign countries.

The article spotlighted the Securities and Exchange Commission (SEC) filing of six companies and reported that Computer Software, Inc. outsourced its call centers to Europe and Japan, Stream International Inc. shipped its call center operations to Asia and Europe, Modus Media Inc. outsourced jobs to Australia, Europe and Asia, GT Bicycle Inc. shifted manufacturing to China, SMTC moved jobs to Ireland and Mexico and McKinsey Global Institute reported that it shifted about $20 billion of its information technology work out of the United States.

This revelation of the extent to which Romney’s Bain Capital contributed to American job losses is very bad news for the campaign which states that his private sector experience proves he knows how to create jobs in America (or as Romney says, “Amercia“). On the contrary, it reinforces the undeniable fact that during his only stint as an elected executive in the public sector (as Governor of Massachusetts) his state was ranked a lowly 47th in the nation in job creation during an economic boom.

The Romney campaign is now in “full damage control” mode. It unsuccessfully attempted to counter the job outsourcing news last weekend. First, spokesperson Andrea Saul said, “This is a fundamentally flawed story that does not differentiate between domestic outsourcing versus offshoring nor versus work done overseas to support U.S. exports.  Mitt Romney spent 25 years in the real world economy so he understands why jobs come and they go.” The campaign also sent spokesperson Ed Gillespie out to the Sunday morning talking head shows. While appearing on CNN’s “State of the Union”, Gillespie referred to The Washington Post articles as “a breathless headline over a baseless story.” Gillespie also unsuccessfully attempted to imply that Bain Capital did not “offshore” jobs overseas, but “outsourced” them to other places within the United States. He said, “I think the reporter confused the notion of outsourcing — which happens all the time when you don’t do all of your services in house, you go outside — to moving jobs offshore.”

Neither Saul nor Gillespie however, explicitly stated that Bain Capital did not control or invest in companies which  sent jobs overseas. Indeed, The Waashington Post article specifically states that the 6 companies which were the subject of the article shipped jobs to China, Australia, Ireland and India.

Looks like the Romney campaign still has a lot of “splainin’ to do!

Please remember to click on the song link below to familiarize yourselves with the tune and to have more fun singing along with today’s song parody.

Baby, You’re A Rich Man” song link:  http://www.youtube.com/watch?v=S8ZnI-ZO8Eo

ROMNEY, YOU’RE A RICH MAN

 (sung to the Beatles song “Baby, You’re A Rich Man”)

How does Mitt feel to be
One of the “beautiful people”?
Now we all know just who you are
Privileged and G.O.P.
And now you are Donald Trump’s star
That’s some stupidity

How does Mitt feel to be
One of the “beautiful people”?
So striking with perfect hair
Rolling in lots of dough
Mitt loves tax codes that are not fair
His tax rate is so low

Romney, you’re a rich man
Romney, you’re a rich man
Romney, you’re a rich man too

Mitt keeps all your money in an offshore bank, that’s what you do
What a thing to do

Romney, you’re a rich man
Romney, you’re a rich man
Romney, you’re a rich man too

How does Mitt feel to be
One of the “beautiful people”?
Inheritance from Daddy
Nothing to do with gays
Layoffs with jobs sent overseas
Happy it is that way

Romney, you’re a rich man
Romney, you’re a rich man
Romney, you’re a rich man too

Mitt keeps all his money in an offshore bank, that’s what you do
What a thing to do

Romney
Romney, you’re a rich man
Romney, you’re a rich man
Romney, you’re a rich man too…

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Posted on June 25, 2012, in Mitt Romney and tagged , , , , , , . Bookmark the permalink. 1 Comment.

  1. Outsourcing is a legitimate business practice, and certainly not one that is zero sum to the United States.

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