obama campaign outsources outsourcing attack to super pac

by:Rocket PCB     2019-10-18
President Obama\'s campaign has published an advertisement accusing Mitt Romney of \"outsourcing\" work.
Then the Washington Post reported that when Romney ran Bain Capital, the company that the company invested in was a \"pioneer\" in overseas shipping \".
When the Romney campaign debated the difference between outsourcing and offshore outsourcing, Obama himself made fun of the war of words at the campaign rally.
Then, the Obama campaign made a new advertisement, repeating the main thrust of the article, calling Romney an \"Outsourcer\"in-chief.
\"Right now, Obama\'s super PAC is trying to put the label on.
Bill Burton, Obama\'s White House press assistant, the priorities of the US Action super PAC leader, wrote in his memo to \"interested parties, romney\'s campaign is \"pretending to be semantic angry\" about outsourcing \"--
Disputes over offshore outsourcing(
Remember, there is absolutely no coordination between the event and the super PAC! )
Get more pure politics on ABC News.
Com/Politics and easy understanding of OTUSNews News.
This is a super memo: background WP: software company of Bain Capital investment
Start outsourcing work in the medium term1990s.
According to The Washington Post, \"Bain\'s foray into outsourcing began in 1993 when the private equity company took a stake in the company\'s software company.
After helping raise $93 million to buy the company, CSI.
CSI, which provides services to technology companies such as Microsoft, provides a range of services, including outsourcing customer support.
Initially, CSI hired the United States. S.
Workers provide these services, but in the medium term
1990 call centers are being set up abroad. \" [
Washington Post 6/21/12
AP: Romney and Bain made millions when workers in New Hampshire saw their jobs shipped overseas.
According to The Associated Press, \"more than 20 years ago, Mitt Romney\'s business venture came to the city with much-anticipated manufacturing jobs.
The new factory has just passed the gas station next to Interstate 85 and requires skilled workers to make thousands of photo albums.
Four years later, Holson Burns group-
A company controlled by Romney\'s Bain Capital Limited-
The factory was closed and about 150 workers were fired.
A few months later, some jobs were sent to the north, and many of them were eliminated.
Other businesses have gone overseas.
But Bain left with millions of profits. \" [
AP, 12/19/11
The Associated Press reported that Romney and Bain closed the New Hampshire factory and moved their jobs overseas, \"just after executives closed the business here and sold their South Carolina factory.
Residents of Claremont 900 miles awayH.
Prepare for a new job
The company said in spring 1992 that Claremont\'s expansion \"will enable us to focus on building on our fast-growing products \".
But the prospect of a new job
Similar to Gaffney\'s expectations
It\'s short.
Within seven months, Holson Burnes began taking leave for half of its Claremont employees.
The company tells employees that even if things get better, it will not re-hire most of the paperwork or managers.
The exact number of layoffs has never been announced.
Some workers, estimated to have 85 to 100 employees affected, told the local Claremont Eagle Times that the entire department had been \"destroyed. \" The cost-
Holson Burnes continues cutting.
According to the documents submitted to the Securities and Exchange Commission, as of 1992, the company has made nearly 75% photo frames overseas.
A clock in the company-
The manufacturing department also shipped overseas from a factory in Rhode Island. \" [
AP, 12/19/11
Company Software Co. , Ltd.
Eventually merged with another company to form a stream and continue to expand its outsourcing business.
According to The Washington Post, \"two years after Bain invested in the company, CSI merged with another business to set up a new company called Stream International Inc.
In the growing field of overseas call centers, Stream immediately became active. [. . . ]
To 1997, Stream runs three Technologies
A sec document shows that support for call centers in Europe is part of a Japanese call center joint venture. [. . . ]
Stream continues to expand its overseas call center.
Bain\'s role has also grown over time.
Later shareholders were in Salt Lake City for months after Mr. Romney left Bain in 1999. \" [
Washington Post 6/21/12
Bain Capital is closely related to the outsourcing practices of Modus Media, another portfolio company.
According to The Washington Post, \"the merger of companies that created Stream has also spawned another related business, called Modus Media Inc.
Help companies outsource their manufacturing industry.
Modus Media, a subsidiary of Stream, became an independent company in early 1998.
Bain is the largest shareholder, according to SEC documents.
The media is developing rapidly.
On December 1997, Microsoft announced a contract with Microsoft to produce software and training products at a center in Australia.
Modus Media said it has served Microsoft in Singapore, South Korea, Japan and Taiwan, as well as in Asia in Europe and the United States.
Two years later, Modus Media told SEC that it was working for IBM, Sun Microsystems, Hewlett-Packard Co.
Dell Computer
The document disclosed that Modus operates on four continents, including Asian facilities in Singapore, Taiwan, China and South Korea, European facilities in Ireland and France, and a center in Australia. [. . . ]
According to a press release released by Modus Media on 1997, it expanded its outsourcing services in close consultation with Bain.
Terry Leahy, chairman and chief executive of Modus, said in a press release that he would \"work closely with Bain to advance strategic expansion \".
\"At that time, three Bain directors served on the company\'s board of directors. \" [
Washington Post 6/21/12
GT Bicycles rely on Asian labor to produce bicycles.
According to The Washington Post, \"Bain has also invested in companies that have moved their businesses outside the United States.
One of them is GT Bicycle, a California bicycle manufacturer.
Bain acquired in 1993.
According to the SEC, the growing company relies on Asian labor.
Two years later, Bain helped the company go public as it continued to expand.
In 1998, Bain had a 22% stake in GT, three members of the board of directors, and bicycle manufacturers sold it to Schwinn as part of a broader trend in the bicycle industry to shift to the Chinese workforce, the company also moved most of its manufacturing overseas. \" [
Washington Post 6/21/12
SMTC company established within one year
After the merger of SMTC and Bain Capital portfolio, it announced that it would expand its business in Ireland and Mexico.
According to The Washington Post, \"another investment by Bain is SMTC, an electronics maker.
In June 1998, Mr. Romney\'s last year at Bain, his private equity firm bought a Colorado manufacturer that specializes in assembling printed circuit boards.
This is one of several preliminary steps in 1998, and a year later, five months after Romney left Bain, it will lead to a merger.
Colorado acquired SMTCCorp in July 1999.
The SEC file shows.
Bain has become the largest shareholder of SMTC and has three seats on its board of directors.
Less than a year after Bain took over, SMTC told the SEC that it was expanding production in Ireland and Mexico. \" 6/21/12]
Romney has reached an agreement to buy Chinese-made chips for sale in the United States.
According to The Washington Post, \"just as Romney ended his term at Bain, negotiations with South Korea\'s modern electronics industry for $0. 55 billion in purchases of its American products reached a climaxS.
Chippac, a subsidiary that manufactures, tests and packs computer chips in Asia.
A month after Romney left Bain, the deal was announced.
The report submitted to SEC at the end of 1999 shows that Chippac has factories in Korea and China, responsible for the marketing and supply of the company\'s Asian market.
Computer chips.
The vast majority of Chippac customers are US customers. S.
Companies including Intel, IBM and Lucent Technologies. \" [
Washington Post 6/21/12
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