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

[ABikerSailor]

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 Romney’s 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 Romney’s career at the company he helped found, as well as scrutiny to one of the Republican nominee’s 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, Bain’s involvement in outsourcing came at a time when a growing number of American companies were shipping jobs overseas, making Romney’s financial company an early player in the field.

From the Post’s report:

Bain’s 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 Bain’s 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.

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.

 

[ABikerSailor]

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?

 

[AmericanFirst]

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 Romney’s 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 Romney’s career at the company he helped found, as well as scrutiny to one of the Republican nominee’s 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, Bain’s involvement in outsourcing came at a time when a growing number of American companies were shipping jobs overseas, making Romney’s financial company an early player in the field.

From the Post’s report:

Bain’s 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 Bain’s 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.

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.

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

 

[HUGGY]

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 Romney’s 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 Romney’s career at the company he helped found, as well as scrutiny to one of the Republican nominee’s 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, Bain’s involvement in outsourcing came at a time when a growing number of American companies were shipping jobs overseas, making Romney’s financial company an early player in the field.

From the Post’s report:

Bain’s 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 Bain’s 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.

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.

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

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

 

[Leweman]

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

 

[AmericanFirst]

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.

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

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

Goofy would be better. Bozo!

 

[AmericanFirst]

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

No one would know, they would be sealed like the rest of his records.

 

[HUGGY]

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

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.

 

[ABikerSailor]

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

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.

 

[ABikerSailor]

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

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.

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

 

[AmericanFirst]

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

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.

Bush and Romney both are more qualified then obamaturd, he proves it everyday.

 

[HUGGY]

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

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.

Bush and Romney both are more qualified then obamaturd, he proves it everyday.

You are obviously not qualified to offer an opinion that matters.

 

[HUGGY]

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

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.

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

Yes. Bush failed miserably in business. He had to be bailed out several times.

 

[ABikerSailor]

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

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.

Bush and Romney both are more qualified then obamaturd, he proves it everyday.

Really? How's the stock market doing? Unemployment is going down, and manufacturing jobs are coming back to the US.

Oh yeah...............GM is alive and Bin Laden is dead.

What are Romney's positions on how to improve things? Oh wait..........that's right..........he hasn't said yet.

And..............do you really wanna talk about how Jr. got us into a war we shouldn't have been in (Iraq) as well as tanked the economy in his last 2 years in office?

 

[Leweman]

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

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.

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

and Obama's companies? How did he do?

 

[HUGGY]

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.

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

and Obama's companies? How did he do?

You are an idiot.. How's THAT going for you?

 

[ABikerSailor]

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.

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

and Obama's companies? How did he do?

You know...............if running companies were a requirement for being president (like Mittens wants to do), then Eisenhower (you know, the guy that built this country's highway system) would never have been eligible.

Running a business isn't enough, because your focus is on the stockholders making money. Being a president means that you have to look out for EVERYONE in this country, not just the rich.

Besides..............if Mittens decides to turn this country into a corporation, who exactly are the shareholders, and do we all get an even slice?

 

[AmericanFirst]

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

and Obama's companies? How did he do?

You are an idiot.. How's THAT going for you?

Answer the question, oh wait, you can't. Obamaturd is a fools fool.

 

[AmericanFirst]

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

and Obama's companies? How did he do?

You know...............if running companies were a requirement for being president (like Mittens wants to do), then Eisenhower (you know, the guy that built this country's highway system) would never have been eligible.

Running a business isn't enough, because your focus is on the stockholders making money. Being a president means that you have to look out for EVERYONE in this country, not just the rich.

Besides..............if Mittens decides to turn this country into a corporation, who exactly are the shareholders, and do we all get an even slice?

Then based on your argument obamaturd isn't qualified either. You just said he is unqualified. GOOD!!!

 

[ABikerSailor]

and Obama's companies? How did he do?

You know...............if running companies were a requirement for being president (like Mittens wants to do), then Eisenhower (you know, the guy that built this country's highway system) would never have been eligible.

Running a business isn't enough, because your focus is on the stockholders making money. Being a president means that you have to look out for EVERYONE in this country, not just the rich.

Besides..............if Mittens decides to turn this country into a corporation, who exactly are the shareholders, and do we all get an even slice?

Then based on your argument obamaturd isn't qualified either. You just said he is unqualified. GOOD!!!

Reading comprehension idiot. I said that if running a business were a requirement, presidents like Eisenhower (one of our best) wouldn't have been elected.

Never said anything about Obama's qualifications, you did.

And, if you'd actually take time to read the post, you'd see that I said running a company ISN'T ENOUGH to be president, meaning it shouldn't be a qualification.

I'd rather hear about what someone is going to DO rather than listen to what they think are quals for the job.

I yearn for the good old days when people actually spoke about what and how they'd do it, not spend time calling each other nasty names based along party lines.