Romney: An Outsourcing Pioneer

In an article in today's Washington Post, Mitt Romney's Bain capital is described as one of the first companies involved with supporting the outsourcing of American jobs overseas.

Bain played several roles in helping these outsourcing companies, such as investing venture capital so they could grow and providing management and strategic business advice as they navigated this rapidly developing field.

...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. Campaign officials have said it is unfair to criticize Romney for investments made by Bain after he left the firm but did not address those made on his watch.

If you're the founder of a venture capital firm and you play by the rules and you make a ton of money, more power to you, but that doesn't mean you should become President of the United States.

People like Romney equate economic success with the success of companies, not the success of individuals. A Romney Presidency won't care about whether the median income is going up, or the ability of regular Joes to improve their lot in life. For Romney, if companies are doing well, then the economy is doing well. Period. That's the danger of having this guy in office.