Romney, when he was in charge of Bain, invested heavily in a Chinese manufacturing company that depended on US outsourcing for its profits—and that explicitly stated that such outsourcing was crucial to its success.The company, Global-Tech, took jobs from American workers making household appliances for Mr. Coffee, Hamilton Beach, Proctor-Silex, Revlon, and Vidal Sassoon. You'll remember the sad tale of Teamsters in Cleveland who trained their replacements at the Mr. Coffee plant.
Mother Jones goes into some detail about Romney's un-American investment, and concludes:
Romney was in command when a company he owned and controlled bought a large stake in a Chinese venture that counted on American companies sending manufacturing—and that means jobs—to China. These days, Romney rails against China for swiping American jobs and proclaims, "For me, it's all about good jobs for the American people." But when there was money to be made by acquiring a chunk of a Chinese company that aimed to displace American manufacturers (and American workers), Romney's patriotism did not interfere with the potential for profit.Read the whole thing here.
