Bain sent American jobs overseas

Discussion in 'Politics' started by Chris, Jun 22, 2012.

  1. Chris
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    Chris Gold Member

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    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.

    Romney campaign officials repeatedly declined requests to comment on Bain’s record of investing in outsourcing firms during the Romney era.

    Romney’s Bain Capital invested in companies that moved jobs overseas - The Washington Post
     
  2. GuyPinestra
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    GuyPinestra Senior Member

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    Yeah, take it up with Jeffrey Immelt...
     
  3. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    He's a Republican and sent jobs overseas too.

    And?
     
  4. whitehall
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    whitehall Gold Member

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    Bain was making money while Barry Hussein was snorting dope on the street corner and handing out $20's for votes. Which candidate is more qualified?
     
  5. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Romney sent jobs overseas as Governor as well.

    Heck..it saves alot of money in the short term.

    He should run on it!
     
  6. Lovebears65
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    Lovebears65 Gold Member

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    So What . OUR DAMN JOB Carz from GE sent jobs overseas too after he said he was going to make jobs here in the USA ..


     
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  7. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    What's a carz?
     
  8. Katzndogz
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    Katzndogz Diamond Member

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    I was a bit surprised to find out that relatively few jobs have gone overseas because of payment of wages and benefits. I did think that employees were sucking business dry and literally chasing them out of the nation. Not true at all. Most companies left, not because of employee demands, but because regulations made doing business here impossible at any cost.

    I found this out listening to a radio show on Sunday when the most boring of radio is on the airwaves. We used to make wire hangars in this country. The major manufacturers left when regulations made it impossible to make hangars here. They went mostly to Viet Nam. Now the EPA wants to increase the regulations on hangars so that all hangars are made from biodegradable cardboard. This will end imports AND impact the lowly neighborhood dry cleaner who is the primary user of wire hangars.

    This follows the lightbulbs and the requirement for refineries to make a fuel that doesn't exist anywhere in the world. It is all a specific design to reduce the US to the industiral level of Pre-Columbian Colombia.
     
  9. Chris
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    Chris Gold Member

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    Bain Capital 'purchased' KB Toys for the respectable price of $ 305 million dollars on December 8, 2000.

    Bain Capital only offered $ 18 million in cash, the rest was leaveraged debt put on the company.

    Sixteen months after the buyout, Bain Capital paid itself $85 million in dividends in early 2002.

    January 14, 2004, K·B Toys filed for Chapter 11 bankruptcy protection and closed 365 stores.

    Three years later the rest of the 156 stores were closed down.

    KB Toys - Wikipedia, the free encyclopedia
     
  10. Stephanie
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    Stephanie Diamond Member Supporting Member

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    good grief, the left has gone complety insane..

    You're batting a 1000 today
     
    Last edited: Jun 22, 2012

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