Hi there,

As the future of democracy in the United States hangs in the balance, the need for courageous independent media is more important than ever. Our reporting centers the voices of people routinely excluded from corporate and government-run media, such as those raising deep questions about war and peace, demanding an end to our global reliance on fossil fuels. Because we are audience-supported, we need your help today. Can you donate $15 to Democracy Now! today to support independent media? From now until Giving Tuesday, a group of generous donors will TRIPLE your gift, which means your $15 donation is worth $45. Please help us air in-depth, substantive coverage of the outcome of the election and what it means for our collective future. Thank you so much! Every dollar makes a difference.

-Amy Goodman

Non-commercial news needs your support.

We rely on contributions from you, our viewers and listeners to do our work. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution.

Please do your part today.

Donate

Obama Chides Romney on Outsourcing

HeadlineJul 16, 2012

President Obama brought his re-election effort to the battleground state of Virginia over the weekend with a series of events. During his public remarks, Obama continued to focus on Romney’s record at the helm of the private equity firm Bain Capital.

President Obama: “Now, Mr. Romney’s got a different idea. You know, he invested in companies that have been called pioneers of outsourcing. I don’t want to pioneer in outsourcing. I want some insourcing. I want to bring companies back.”

Romney has faced new scrutiny following last week’s revelation he remained Bain’s top executive three years longer than he has previously disclosed. Romney had maintained he left Bain in 1999 to run the Winter Olympics in Utah, but financial disclosures showed he remained in control of Bain and earned a salary through 2002. The three-year period in question saw Bain shuttering a number of U.S. companies, leading to layoffs and the outsourcing of U.S. jobs. On Sunday, senior Romney adviser Ed Gillespie said Romney had “retroactively” retired from Bain in 2002 but had effectively stepped down three years earlier. Gillespie also defended Romney’s record on outsourcing U.S. jobs.

Ed Gillespie: “What he believes is that American companies and private shareholders and CEOs should be free in our economy to make decisions. What we need to do as a policy is to make policies that make those decisions easier to say, ’I’m going to invest here in the United States, I’m not going to move my jobs overseas.’ The Obama policies are forcing jobs overseas.”

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top