Saturday, July 21, 2012

Mother Jones finds two more major Romney outsourcing investments

http://www.dailykos.com/story/2012/07/21/1112171/-Mother-Jones-finds-two-more-major-Romney-outsourcing-investments                      

In March 1999, shortly after Romney left Bain to take over the troubled Winter Olympics in Salt Lake City, Brookside Capital Investors Inc., a Bain-related entity wholly owned by Romney, filed a report with the Securities and Exchange Commission that listed dozens of companies in which Brookside held a stake the previous quarter. The roster included investments in Singapore-based Flextronics International ($13 million) and Florida-headquartered Jabil Circuit Inc. ($41 million), two companies that were leaders in the fast-growing field of outsourcing electronics manufacturing and offshoring production to low-wage countries. Together, these two investments represented almost 10 percent of Brookside's $559 million portfolio.
At this point, should be obvious to anyone paying any sort of attention that Mitt Romney invested millions and made millions as pioneer of outsourcing. If he's really as big a believer in free enterprise as he claims, Romney should be defending what he did, not denying it. But none of this has anything to do with principle for Romney. He's running for office, and he'll say whatever he thinks he needs to say to win. Just like he did at Bain.
are the Bain realities coming home to roost?  he's slinging mud again and his clothes are the one's that need washing.
Romney is going to have a tough time in debates he's added so much red meat to his rhetoric i don't see how he'll be able to keep it in perspective.