Log in or Sign up

Romney: Outsourcer in Chief....aka...Job Killer.....

Discussion in 'Politics' started by ABikerSailor, Jun 29, 2012.

Page 1 of 7

Jun 29, 2012 #1

Offline
ABikerSailor Platinum Member

Joined:

Aug 26, 2008

Messages:

34,571

Thanks Received:

5,475

Trophy Points:

1,140

Location:

Amarillo TX

Ratings:

+10,980

It seems that the Republican who is running on "jobs, jobs jobs" is actually a job killer for the US.

Here's his record at Bain Capital.................

During Mitt Romneys time running Bain Capital, the private equity firm invested in companies that were trailblazers in outsourcing jobs from the United States to call centers and factories making computer components in countries such as China and India, according to a report published late Thursday in the Washington Post.

The report could bring renewed examination to Romneys career at the company he helped found, as well as scrutiny to one of the Republican nominees recurring campaign pledges. Throughout his presidential bid, Romney has insisted repeatedly that, as president, he will get tough on China and thwart the burgeoning economic power from siphoning jobs from the U.S. With his experience as a businessman serving as the cornerstone of his campaign, Romney has argued that he will use his professional experience to create jobs in America.

But according to filings with the Securities Exchange Commission unearthed by the Post, Bains involvement in outsourcing came at a time when a growing number of American companies were shipping jobs overseas, making Romneys financial company an early player in the field.

From the Posts report:

Bains foray into outsourcing began in 1993 when the private equity firm took a stake in Corporate Software Inc., or CSI, after helping to finance a $93 million buyout of the firm. CSI, which catered to technology companies like Microsoft, provided a range of services including outsourcing of customer support. Initially, CSI employed U.S. workers to provide these services but by the mid-1990s was setting up call centers outside the country.
Two years after Bain invested in the firm, CSI merged with another enterprise to form a new company called Stream International Inc. Stream immediately became active in the growing field of overseas calls centers. Bain was initially a minority shareholder in Stream and was active in running the company, providing general executive and management services, according to SEC filings.

By 1997, Stream was running three tech-support call centers in Europe and was part of a call center joint venture in Japan, an SEC filing shows. The Company believes that the trend toward outsourcing technical support occurring in the U.S. is also occurring in international markets, the SEC filing said.

Stream continued to expand its overseas call centers. And Bains role also grew with time. It ultimately became the majority shareholder in Stream in 1999 several months after Romney left Bain to run the Salt Lake City Olympics.
Click to expand...

Report shows Romney and Bain Capital invested in companies that shipped jobs overseas | TPM2012

And then................there's his record of outsourcing MA jobs to India.

Yeah...............sure....................elect the sellout and watch this country be sold to the highest bidder.
Jun 29, 2012 #2

Offline
ABikerSailor Platinum Member

Joined:

Aug 26, 2008

Messages:

34,571

Thanks Received:

5,475

Trophy Points:

1,140

Location:

Amarillo TX

Ratings:

+10,980

By the way people......................there is a distinct difference between venture and vulture capitalism.

Venture capitalists see a good idea and invest money in the product to see a modest profit.

Vulture capitalists (aka Romney) take already decent businesses, break 'em up and get rid of the American workers and ship the jobs overseas to other countries to make an obscene profit.

Now............I don't mind people making money, hell, I don't even mind if they become wealthy.

Just don't fuck over your fellow Americans when you do so.

And..................exactly HOW is Romney going to deal with China? By selling us out?
Jun 29, 2012 #3

Offline
AmericanFirst Gold Member

Joined:

Dec 17, 2009

Messages:

12,204

Thanks Received:

1,047

Trophy Points:

175

Ratings:

+2,005

ABikerSailor said: ↑

It seems that the Republican who is running on "jobs, jobs jobs" is actually a job killer for the US.

Here's his record at Bain Capital.................

During Mitt Romneys time running Bain Capital, the private equity firm invested in companies that were trailblazers in outsourcing jobs from the United States to call centers and factories making computer components in countries such as China and India, according to a report published late Thursday in the Washington Post.

The report could bring renewed examination to Romneys career at the company he helped found, as well as scrutiny to one of the Republican nominees recurring campaign pledges. Throughout his presidential bid, Romney has insisted repeatedly that, as president, he will get tough on China and thwart the burgeoning economic power from siphoning jobs from the U.S. With his experience as a businessman serving as the cornerstone of his campaign, Romney has argued that he will use his professional experience to create jobs in America.

But according to filings with the Securities Exchange Commission unearthed by the Post, Bains involvement in outsourcing came at a time when a growing number of American companies were shipping jobs overseas, making Romneys financial company an early player in the field.

From the Posts report:

Bains foray into outsourcing began in 1993 when the private equity firm took a stake in Corporate Software Inc., or CSI, after helping to finance a $93 million buyout of the firm. CSI, which catered to technology companies like Microsoft, provided a range of services including outsourcing of customer support. Initially, CSI employed U.S. workers to provide these services but by the mid-1990s was setting up call centers outside the country.
Two years after Bain invested in the firm, CSI merged with another enterprise to form a new company called Stream International Inc. Stream immediately became active in the growing field of overseas calls centers. Bain was initially a minority shareholder in Stream and was active in running the company, providing general executive and management services, according to SEC filings.

By 1997, Stream was running three tech-support call centers in Europe and was part of a call center joint venture in Japan, an SEC filing shows. The Company believes that the trend toward outsourcing technical support occurring in the U.S. is also occurring in international markets, the SEC filing said.

Stream continued to expand its overseas call centers. And Bains role also grew with time. It ultimately became the majority shareholder in Stream in 1999 several months after Romney left Bain to run the Salt Lake City Olympics.
Click to expand...

Report shows Romney and Bain Capital invested in companies that shipped jobs overseas | TPM2012

And then................there's his record of outsourcing MA jobs to India.

Yeah...............sure....................elect the sellout and watch this country be sold to the highest bidder.
Click to expand...

Still better then the fool in office right now. Of course Mickey Mouse would be better then the fool in office right now.
Jun 29, 2012 #4

Offline
HUGGY I Post Because I Care Supporting Member

Joined:

Mar 24, 2009

Messages:

33,750

Thanks Received:

3,810

Trophy Points:

1,140

Location:

Seattle at large...Ballard lately

Ratings:

+6,301

AmericanFirst said: ↑

ABikerSailor said: ↑

It seems that the Republican who is running on "jobs, jobs jobs" is actually a job killer for the US.

Here's his record at Bain Capital.................

During Mitt Romneys time running Bain Capital, the private equity firm invested in companies that were trailblazers in outsourcing jobs from the United States to call centers and factories making computer components in countries such as China and India, according to a report published late Thursday in the Washington Post.

The report could bring renewed examination to Romneys career at the company he helped found, as well as scrutiny to one of the Republican nominees recurring campaign pledges. Throughout his presidential bid, Romney has insisted repeatedly that, as president, he will get tough on China and thwart the burgeoning economic power from siphoning jobs from the U.S. With his experience as a businessman serving as the cornerstone of his campaign, Romney has argued that he will use his professional experience to create jobs in America.

But according to filings with the Securities Exchange Commission unearthed by the Post, Bains involvement in outsourcing came at a time when a growing number of American companies were shipping jobs overseas, making Romneys financial company an early player in the field.

From the Posts report:

Bains foray into outsourcing began in 1993 when the private equity firm took a stake in Corporate Software Inc., or CSI, after helping to finance a $93 million buyout of the firm. CSI, which catered to technology companies like Microsoft, provided a range of services including outsourcing of customer support. Initially, CSI employed U.S. workers to provide these services but by the mid-1990s was setting up call centers outside the country.
Two years after Bain invested in the firm, CSI merged with another enterprise to form a new company called Stream International Inc. Stream immediately became active in the growing field of overseas calls centers. Bain was initially a minority shareholder in Stream and was active in running the company, providing general executive and management services, according to SEC filings.

By 1997, Stream was running three tech-support call centers in Europe and was part of a call center joint venture in Japan, an SEC filing shows. The Company believes that the trend toward outsourcing technical support occurring in the U.S. is also occurring in international markets, the SEC filing said.

Stream continued to expand its overseas call centers. And Bains role also grew with time. It ultimately became the majority shareholder in Stream in 1999 several months after Romney left Bain to run the Salt Lake City Olympics.
Click to expand...

Report shows Romney and Bain Capital invested in companies that shipped jobs overseas | TPM2012

And then................there's his record of outsourcing MA jobs to India.

Yeah...............sure....................elect the sellout and watch this country be sold to the highest bidder.
Click to expand...

Still better then the fool in office right now. Of course Mickey Mouse would be better then the fool in office right now.
Click to expand...

So who are you representing in this cartoon drama???...Goofy?
Jun 29, 2012 #5

Offline
Leweman Gold Member

Joined:

Aug 5, 2010

Messages:

4,270

Thanks Received:

514

Trophy Points:

155

Ratings:

+957

What was Obama's record like when he ran a company? Ohhhhhhhhh my bad.
Jun 29, 2012 #6

Offline
AmericanFirst Gold Member

Joined:

Dec 17, 2009

Messages:

12,204

Thanks Received:

1,047

Trophy Points:

175

Ratings:

+2,005

HUGGY said: ↑

AmericanFirst said: ↑

ABikerSailor said: ↑

It seems that the Republican who is running on "jobs, jobs jobs" is actually a job killer for the US.

Here's his record at Bain Capital.................

Report shows Romney and Bain Capital invested in companies that shipped jobs overseas | TPM2012

And then................there's his record of outsourcing MA jobs to India.

Yeah...............sure....................elect the sellout and watch this country be sold to the highest bidder.
Click to expand...

Still better then the fool in office right now. Of course Mickey Mouse would be better then the fool in office right now.
Click to expand...

So who are you representing in this cartoon drama???...Goofy?
Click to expand...

Goofy would be better. Bozo!
Jun 29, 2012 #7

Offline
AmericanFirst Gold Member

Joined:

Dec 17, 2009

Messages:

12,204

Thanks Received:

1,047

Trophy Points:

175

Ratings:

+2,005

Leweman said: ↑

What was Obama's record like when he ran a company? Ohhhhhhhhh my bad.
Click to expand...

No one would know, they would be sealed like the rest of his records.
Jun 29, 2012 #8

Offline
HUGGY I Post Because I Care Supporting Member

Joined:

Mar 24, 2009

Messages:

33,750

Thanks Received:

3,810

Trophy Points:

1,140

Location:

Seattle at large...Ballard lately

Ratings:

+6,301

Leweman said: ↑

What was Obama's record like when he ran a company? Ohhhhhhhhh my bad.
Click to expand...

What was Bush's? Maybe running a company isn't the best qualifier. Also..Romney didn't "run" Bain by himself. He had a lot of help. It's not like he "rose through the ranks" displaying brilliance that placed him in charge either. Romney had money..Romney used that money..which he never earned by working, to set up his position at Bain.
Jun 29, 2012 #9

Offline
ABikerSailor Platinum Member

Joined:

Aug 26, 2008

Messages:

34,571

Thanks Received:

5,475

Trophy Points:

1,140

Location:

Amarillo TX

Ratings:

+10,980

Leweman said: ↑

What was Obama's record like when he ran a company? Ohhhhhhhhh my bad.
Click to expand...

Countries shouldn't be ran like companies.

Why? A company only looks out for it's shareholders, but a government is supposed to look out for EVERYONE.

Besides.............all of the "job creation" that Romney has done is break up companies and send jobs overseas, both with Bain Capital, and he even outsources MA jobs to India while he was governor.

How is Mittens gonna deal with China? Sell the US out.
Jun 29, 2012 #10

Offline
ABikerSailor Platinum Member

Joined:

Aug 26, 2008

Messages:

34,571

Thanks Received:

5,475

Trophy Points:

1,140

Location:

Amarillo TX

Ratings:

+10,980

HUGGY said: ↑

Leweman said: ↑

What was Obama's record like when he ran a company? Ohhhhhhhhh my bad.
Click to expand...

What was Bush's? Maybe running a company isn't the best qualifier. Also..Romney didn't "run" Bain by himself. He had a lot of help. It's not like he "rose through the ranks" displaying brilliance that placed him in charge either. Romney had money..Romney used that money..which he never earned by working, to set up his position at Bain.
Click to expand...

Didn't Jr. run almost every company he headed into the ground, even the baseball team?

(You must log in or sign up to reply here.)

Page 1 of 7

Share This Page

Active Topics

Noam Chomsky; Antifa is Wrong...
JimBowie1958 posted Aug 19, 2017 at 4:30 AM
Conservatives Could Never Show...
BertramN posted Aug 19, 2017 at 4:21 AM
FB Bans White Nationalist, but...
JimBowie1958 posted Aug 19, 2017 at 4:11 AM
The reason Socialism prevails...
Wolfstrike posted Aug 19, 2017 at 3:42 AM
Identity politics and liberal ploys
Qball posted Aug 19, 2017 at 3:42 AM
Why the ever-increasing hatred...
cnelsen posted Aug 19, 2017 at 3:36 AM
Harvard and MIT....Breitbart is...
2aguy posted Aug 19, 2017 at 3:27 AM
Trump derangement syndrome .......
2aguy posted Aug 19, 2017 at 3:23 AM

Loading...

Search