President Obama recently gave his approval to an ad that attacks Mitt Romney for his record while he was running Bain Capital.
The ad specifically attacks Romney for the number of jobs that were
outsourced to China while he ran Bain Capital. However, the ad shows a
clip of Romney saying that he will not allow such things to happen if he
becomes President:
President Obama is affiliated with numerous people, one of those people happens to be Obama's friend from Chicago John Rogers. He is not only Obama's friend and second largest fundraiser, raising more than $1.5 million for Obama's reelection campaign, but he is also the CEO Ariel Capital Management. Much like Bain Capital, Ariel Capital Management made investments as well. One of their investments was a $48.6 million stake in Accenture. Accenture, according to the International Association of Outsourcing Professionals is:
Read more: http://www.examiner.com/article/obama-tops-romney-outsourcing-of-jobs
"The Chinese are smiling all the way to the bank. Taking our jobs, and taking a lot of our future. I'm not willing to let that happen."The ad may seem like a big victory for the Obama campaign, but a little research will show that it is quite misleading. While jobs may have been outsourced under Romney's watch, he was not directly responsible for such outsources. His business made numerous investments, and some of those investments happened to be in firms that relocated American jobs overseas. Claiming that Romney's affiliations makes him responsible for the outsourcing of jobs, as the ad does, than President Obama's affiliations make him responsible for the outsourcing of even more jobs.
President Obama is affiliated with numerous people, one of those people happens to be Obama's friend from Chicago John Rogers. He is not only Obama's friend and second largest fundraiser, raising more than $1.5 million for Obama's reelection campaign, but he is also the CEO Ariel Capital Management. Much like Bain Capital, Ariel Capital Management made investments as well. One of their investments was a $48.6 million stake in Accenture. Accenture, according to the International Association of Outsourcing Professionals is:
"the nation’s “best” outsourcer."John Roger's has even been quoted as saying:
"We’re making a very big bet right now on outsourcing. People have generally soured on the idea, and many companies are trading at discounts to their private-market values. But we don’t think that view accurately reflects the powerful secular growth we’re going to see as companies and individuals outsource more of their day-to-day activities.”
Read more: http://www.examiner.com/article/obama-tops-romney-outsourcing-of-jobs
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