In new ad, Obama hits Romney over outsourcing
July 7th, 2012
01:16 PM ET
2 years ago

In new ad, Obama hits Romney over outsourcing

(CNN) - A television advertisement released Saturday points to a newspaper report that Mitt Romney's former financial firm helped companies outsource, and questions whether the presumptive Republican presidential nominee would be as tough on China as he has pledged.

"Mitt Romney's not the solution," the narrator says in the 30-second spot. "He's the problem."

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The ad quotes from a late-June Washington Post report which said financial documents show Bain Capital, Romney's private equity firm, "owned companies that were pioneers in the practice of shipping work from the United States to overseas call centers and factories making computer components."

Since it was published, Obama's campaign has referenced the article in a series of ads.

But the website FactCheck.org said that "some of the claims in the ads are untrue, and others are thinly supported." The latest ad, titled "The Problem," is not included in the FactCheck.org analysis, but includes some similar claims.

Team Obama has sharply criticized Romney both for the practices of Bain including outsourcing. Vice President Joe Biden said in Iowa last month that Romney has "been very good at creating jobs – overseas," and Obama campaign senior adviser David Axelrod last month called Romney the "outsourcer in chief."

The new ad shows Romney expressing his discontent with China "taking our jobs and taking a lot of our future," but alleges he "made a fortune letting it happen."

The Republican candidate has said that, if elected president, he would designate China a currency manipulator, which would allow the United States to more aggressively confront and counteract Chinese financial policy actions that make their own exports cheaper than those of other countries.

A Romney ad which began airing last month in Ohio examined his hypothetical first day in the White House, when he "stands up to China, demands a level playing field for our businesses and workers."

The Obama ad will air in Colorado, Florida, Iowa, Nevada, New Hampshire, North Carolina, Ohio and Virginia, the campaign said.

As the president set off on a campaign bus tour to Ohio and Pennsylvania this past week, the Obama administration announced it would seek assistance from the World Trade Organization in dealing with Chinese tariffs on U.S.-manufactured automobiles.

Obama’s campaign recently bought $25 million in ad time for July in those states plus Pennsylvania, according to a Republican ad buying source.


Filed under: 2012 • Ads • President Obama
soundoff (40 Responses)
  1. Steve

    I guess Romney plans to outsource China too.

    July 7, 2012 01:22 pm at 1:22 pm |
  2. Steve

    The problem is that the U.S. owes China a hell of a lot of money. You can thank tax cuts without spending decreases and two unfounded wars for that.

    July 7, 2012 01:26 pm at 1:26 pm |
  3. WDinDallas

    I wonder if the ad mentioned how many jobs GM has outsourced to China the last 2 years.

    July 7, 2012 01:28 pm at 1:28 pm |
  4. Thomas

    Dont outsorce my car elovator !

    Romney / Jindal

    48th in education , 47th in health care .

    July 7, 2012 01:28 pm at 1:28 pm |
  5. Mark from Louisiana

    If obama is against outsourcing, why does his campaign use a travel agency with offices worldwide?

    July 7, 2012 01:28 pm at 1:28 pm |
  6. Claudia, Houston, Tx

    Romney touts his experience as a great businessman, yeah, for China and that's exactly where he should be running for president.

    July 7, 2012 01:37 pm at 1:37 pm |
  7. vic , nashville ,tn

    So far Romney and GOP proposed one and only job creation plan that is Keystone pipe line. Shame

    July 7, 2012 01:39 pm at 1:39 pm |
  8. Polli

    Well before you beliuve this please go to FO News and see the 5 ways Obama care is going to hit you, and then see the insurance people saying your premiums for healthcare will also go up...and then as Obama does the supreme nasty and tries to make a blanket amnesty, which you know he will do becasue he is so sorrupt and un Americna, then the price will even triple...Americnas will go out of business...our country is doomed to fail...and it will happen in a couple of years...

    July 7, 2012 01:52 pm at 1:52 pm |
  9. Roy

    For the vast majority of Americans, who have health insurance, there is no "tax". In fact, many of the key provisions in ACA will reduce healthcare costs (most pundits don't talk about the Accountable Care Organizations and other elements that are already having a positive impact". For those who don't have health insurance and can't afford it, there is no fine or "tax". For the remainder who refuse to get health insurance but can afford it, you freeloaders will have to pay 1% of your income, because the rest of us have to pick up your tab when you use medical services, and you will.

    By not asking people to contribute to their healthcare, the GOP is supporting freeloaders, just like they support corporate freeloaders through oil subsidies, loose bank regulations that inevitably lead to bailouts, loose environmental regulations that lead to high healthcare costs, etc. Democrats are the real party of fiscal responsibility.

    July 7, 2012 01:54 pm at 1:54 pm |
  10. Polli

    Well before you believe this please go to FOX News and see the 5 ways Obama care is going to hit you, and then see the insurance people saying your premiums for healthcare will also go up...see how he runs....see how he runs...see how he runs....he's giving your entire country to illegals....and the blacks will go along becasue he is black, therefore he must be right....instead of omg what is this guy thinking...

    July 7, 2012 01:55 pm at 1:55 pm |
  11. Roy

    Where are Mitt's allegiances? In Switzerland? The Caymans?

    I cannot shelter funds in foreign currency, foreign property, or foreign banks. Can you? Mitt does.

    My fate, my wealth, and my allegiances, like those of 99% of my fellow Americans, liberal or conservative, Democrat or Republican, hangs in the balance in this land.

    It's important that our fates be so attached to keep our confidences in one another and our allegiances at home; here, IN AMERICA!

    Is it too much to ask that our President's fates also be tied inseparably to our own?

    Let Romney count his Swiss Francs; he'll not count my vote!

    July 7, 2012 01:55 pm at 1:55 pm |
  12. Roy

    Question: How many people do you personally know who has more than 10 bank accounts?
    Answer: You probably don’t know anyone with that many bank accounts. But in reality, there is at least one person like that whom we all know. His name is Willard Mitt Romney, also known as Etch-a-Sketch Romney to his campaign manager and any intelligent person who has been paying attention to the words Willard spews out of his empty head on a non-stop basis. So, before you cast your vote in November, please keep that thought in mind that Willard Romney has more than 130 personal bank accounts loaded with the pensions from all of the unemployed workers that Bain Capital left high-and-dry and stashed in their coffers, including Romney, who is now earning a handsome interest rate on daily while those whom the money was intended for struggle to make ends meet and will never forget how Romney shut down their jobs, companies, dreams and hopes so that he could get very rich.
    Romney has more than 130 bank accounts filled with stolen pensions.

    July 7, 2012 01:56 pm at 1:56 pm |
  13. Polli

    Google the 5 ways Obama care will hit you...and how Obama care wil affect your AmaGI over $250,000 on your home...see the billions they plan on taxing Americans so they can give illegals free healthcare...and millions of illegals kids will still get free healthcare while your family will lose everything you own...Fair? Right? Wrong, very wrong....

    July 7, 2012 01:57 pm at 1:57 pm |
  14. Polli

    PaID FOR political ad which is not true....

    July 7, 2012 01:58 pm at 1:58 pm |
  15. Polli

    Obama is giving America away so what is the difference?? It isn't apple pie that Obama is made of.

    July 7, 2012 02:00 pm at 2:00 pm |
  16. Polli

    EVery sinle post has been edited so I feel this paid for PAC is also trying to not publish the truth....

    July 7, 2012 02:01 pm at 2:01 pm |
  17. Polli

    Vote American, Vote ROMNEY

    July 7, 2012 02:01 pm at 2:01 pm |
  18. Myviewis

    Again??? This guy really doesn't understand so he is copying Romney. Now Obama is talking about the World Trade Organization and Chinese tariffs, now in 2012, a few months before elections???/ How ridiculous. Why didn't Obama do this earlier in his presidency?? Because he didn't know. Once again, a part-lecturer, 4 year practicing junior lawyer, author of a book, community organizer ( organizing protests) are not qualifications for the job to run our country and on top of that Obama never bothered to even study economics, finance, accounting, macroeconomics, microeconomics, state & local finances. I realize CNN won't like my comments but honesty remove your blinders, stop being in denial and realize Obama is not academically or experiencly qualified.

    July 7, 2012 02:05 pm at 2:05 pm |
  19. mcskadittle

    I don't think the republicans should be telling anyone about what is a "fact"

    July 7, 2012 02:11 pm at 2:11 pm |
  20. Kate

    Obama 2012! God bless the ACA! My husband and I can finally get AFFORDABLE health care! When you are self employed like we are health insurance cost us $800 a month! As much as our mortgage! How messed up is that!

    July 7, 2012 02:13 pm at 2:13 pm |
  21. clownshoes

    Obama is insourcing workers for jobs that arent here

    July 7, 2012 02:17 pm at 2:17 pm |
  22. n

    Keep it up Obama, bring those hammers down, none stop. These fact checks people are bias and faulty. When Romney is ranting on about the economy and your so called failed policies, the fact check people are never around to correct his lies. You never here them mention the republican leadership in the house obstructing economic progress and they never mention, who is really responsible for economic policies and the failed economy. We all know that congress is the blame for this bad state of affairs. Obama can only do but so much. I say considering what Obama had to face, he is doing a great job, by himself. Just imagine what can be done with america and congress help. Obama 2012

    July 7, 2012 02:19 pm at 2:19 pm |
  23. Darryl

    Thats really a good add. And isn't it the truth !

    July 7, 2012 02:25 pm at 2:25 pm |
  24. SafeJourney

    Just think what would happen if Romney became President of the U.S. Romneys buddies would outsource more American jobs and romney would not do anything to stop them. At least President Obama is giving tax credits to companies that bring jobs BACK TO AMERICA.

    July 7, 2012 02:27 pm at 2:27 pm |
  25. Larry L

    Romney just likes to have stuff manufactured in locations closer to his money – and without that "evil" union labor.

    July 7, 2012 02:29 pm at 2:29 pm |
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