"You don't need someone trying to explain to you the difference between outsourcing and offshoring," [President Obama] said. "You need someone who's going to wake up every single day and fight for American jobs and investments here in the United States."
The reports of Romney's career as an outsourcer of American jobs have been devastating the last few days, starting with this report from the Washington Post:
Mitt Romney’s financial company, Bain Capital, invested in a series of firms that specialized in relocating jobs done by American workers to new facilities in low-wage countries like China and India.
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.
Yes, if you're ticked that a call to customer service connects you with 'John' in India or 'Peggy' in Russia, you can thank Mitt Romney for that extra little convenience.
While Mitt Romney campaigns on "getting tough" with China, the firm he founded nearly 30 years ago, Bain Capital, was a key player in the acceleration of the outsourcing trend that has shifted millions of American jobs overseas ...
See, Romney was in business to make money .. for Bain .. and concern for American workers was nowhere on his agenda. If he didn't care then, what makes you think he will care after the election?
Speaking strictly in business terms, their job was to wring out inefficiencies and maximize shareholder profit in a global economy, not to protect the jobs of American workers, and as the Romney campaign likes to stress, they did their job very well and were well-rewarded for it. ... For some Americans — especially those who have watched as their jobs were moved overseas — the details of how Romney achieved his remarkable financial success may turn out to matter a great deal.
One thing is clear. If you want a President who knows how to ship American jobs to other countries, you should vote for Mitt Romney. Otherwise, vote to re-elect President Obama -- he wants more jobs in America, not offshore.