After his attacks on Mitt Romney's involvement in the job-creating private
equity firm Bain Capital failed to resonate with an underemployed America,
President Obama has retooled his message somewhat.
Now, after the Washington Post published a story about Bain's alleged role in
outsourcing factory jobs overseas, he's blasting Republican nominee Mitt Romney
as an "outsourcer in chief" and "outsourcing pioneer."
He did so even as, the Washington Free Beacon reports, Team Obama spent
nearly $4,700 on services from a Canadian telemarketing company called Pacific
East between March and June. The Obama campaign also paid a call center in
Manila, Philippines, $78,314.10 for telemarketing services between the start of
the campaign and March.
Few people remember an August 2010 report at InformationWeek.com about the
U.S. Agency for International Development, a federal agency run by a hand-picked
Obama appointee, launching a $36 million program to train workers, including
3,000 specialists in IT and related functions, in South Asia.
They were to provide offshore IT and business services to American companies
looking to take advantage of the Asian subcontinent's low labor costs.
The hypocrisy only starts here. While blocking the Keystone XL pipeline and
the 20,000 jobs it would bring immediately, with hundreds of thousands later in
an economic ripple effect, this is the President who applauded a U.S.
Export-Import Bank's loan to Brazil's state-run Petrobras in the amount of $2
billion with the promise of more to follow.
At the time, Obama was railing against tax incentives for U.S. oil companies
and still is.
shelf, ANWR and much of the Gulf of Mexico, and a de facto moratorium covering
the rest, Obama told the Brazilians:
"We want to help you with the technology and support to develop these oil
reserves safely, and when you're ready to start selling, we want to be one of
your best customers." Isn't that outsourcing, Mr. President?
The Obama administration had no problem with approving a plan by electric car
company Fisker to use part of its $529 million federal stimulus loan guarantee
to build its manufacturing facility, and the 500 jobs it supports, in Finland.
Fisker employees were laid off at an old General Motors facility in Joe Biden's
Delaware that Fisker was supposed to refurbish.
Finland?"
This pathological liar tells these blatant lies, and some of the 0-bots who know
nothing of what is going on believe him. That is one of the reasons he was
elected in the first place. It sure doesn't say much for what 0bama thinks
of his voters............he thinks they are idgits. Just like he thought he could sweet
talk RUssia, Iran and other countries into doing what he wants. They think
he is an wuss, and he gives away America treasure and land trying to make
them like him...............
Said Vice President Joe Biden today on the stump in Iowa, "Mitt Romney helped companies take work that was being done - or could have been done - in the United States, and had it done overseas." The attack centers on Romney's tenure as a corporate buyout specialist with Bain Capital, a private equity firm he founded and ran between 1984 and 1999.
Left unmentioned by Obama and Biden, however, is that three of the four companies identified as "outsourcing pioneers" in the Post piece were overseen in part by a Bain Capital executive who is now a major donor to Obama's re-election campaign.
Jonathan Lavine, a managing director at Bain in Boston, has bundled between $100,000 and $200,000 for the Obama Victory Fund, according to estimates released by the Obama campaign. His role as an Obama bundler and the amount he's raised for the president's re-election is only known because of the voluntary release of that information by the Obama campaign. Romney, breaking with recent precedent, does not release the names o...
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Said Vice President Joe Biden today on the stump in Iowa, "Mitt Romney helped companies take work that was being done - or could have been done - in the United States, and had it done overseas." The attack centers on Romney's tenure as a corporate buyout specialist with Bain Capital, a private equity firm he founded and ran between 1984 and 1999.
Left unmentioned by Obama and Biden, however, is that three of the four companies identified as "outsourcing pioneers" in the Post piece were overseen in part by a Bain Capital executive who is now a major donor to Obama's re-election campaign.
Jonathan Lavine, a managing director at Bain in Boston, has bundled between $100,000 and $200,000 for the Obama Victory Fund, according to estimates released by the Obama campaign. His role as an Obama bundler and the amount he's raised for the president's re-election is only known because of the voluntary release of that information by the Obama campaign. Romney, breaking with recent precedent, does not release the names or amounts of his top bundlers.
Lavine also served on the boards of directors for Stream International and Modus Media, and appears to have managed the Bain fund which held their investment in SMTC Corporation, according to Securities and Exchange Commission filings. All three companies named in the Post report expanded overseas operations under Romney and Lavine's watch.
Now a co-owner of the Boston Celtics, Lavine began working for Bain in 1993, according to his bio on the website of Columbia University, where he is a trustee. He also previously served on the board of American Pad & Paper (Ampad), a Bain-owned Indiana office supply company that went bankrupt, laid off its workers and is now a poster child for Obama campaign's case against Romney as a job-killing corporate raider.
*In a statement, Bain Capital defended its business practices and Lavine. "ABCNews.com has unfortunately repeated assertions first published in The Washington Post that were misleading and which mischaracterized the activities of several Bain Capital companies," the firm said.
"For example, Stream International and Modus Media actually increased employment in the United States under our ownership, and during the time Jonathan Lavine served as a director. Additionally, as we told ABC News.com in May 2012, Lavine was not at Bain Capital when Ampad was acquired by the firm, and was not involved with the investment during the challenging situation at the Marion plant." *
The Obama campaign also disputed any impropriety in fundraising from private equity executives with alleged ties to bankruptcies, layoffs and outsourcing, putting the focus on Romney as the one seeking office as a "job creator." Aides have insisted the attacks are not on Bain itself, the private equity industry or specific investments, but rather Romney's credibility as a "financial wizard."
"No one aside from Mitt Romney is running for president saying that they know how to create jobs in America because they did it as a corporate buyout specialist," said Obama campaign spokesman Ben LaBolt.
"Romney's job creation claims have unraveled: he invested in companies that were pioneers in sending American jobs overseas, and while the President is fighting to end tax breaks for companies that ship jobs overseas, Romney's tax plans would provide them additional incentives to outsource," he said.
The Romney campaign has called the charges a "distortion," denying a Romney role in outsourcing U.S. jobs en mass. Aides are reportedly seeking a formal retraction of the June 21st outsourcing story from the Washington Post. They argue the companies were creating new jobs rather than moving existing ones overseas.
http://news.yahoo.com/obama-b...