Obama continues 'outsourcing' swipe at Romney
June 22nd, 2012
05:30 PM ET
10 years ago

Obama continues 'outsourcing' swipe at Romney

(CNN) - President Barack Obama amplified his campaign's recent attack against Mitt Romney on Friday, calling out his Republican rival over reports that Romney's former private equity firm advised companies on outsourcing American jobs overseas.

"We do not need an outsourcing pioneer in the Oval Office. We need a president who will fight for American jobs and fight for American manufacturing. That's what my plan will do," Obama said Friday at a campaign rally in Tampa, Florida.

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Earlier in the day, his campaign lit up with criticism against Romney after the Washington Post reported that Bain Capital, a firm Romney co-founded in 1984 and left in 1999, had invested in multiple companies that "specialized in relocating jobs." Several of the firms built new facilities "in low-wage countries," especially in Asia.

"(Bain) owned companies that were pioneers in the practice of shipping work from the United States to overseas call centers and factories making computer components, according to filings with the Securities and Exchange Commission," the report said.

In his speech Friday, Obama pounced on the report: "Today it was reported in the Washington Post that the companies his firm owned were pioneers in the outsourcing of American jobs to places like China and India. Pioneers!"

Obama's remarks came in a spirited speech to a fired up crowd at Hillsborough Community College in Tampa, the same town to host the Republican National Convention in August.

Democrats, particularly Obama's campaign, have pounded Romney over his history at Bain, using the firm as a way to frame the candidate as an out of touch businessman more interested in making profits for the wealthy than creating jobs for the masses.

Arguing that Romney uses his corporate experience as his calling card on the campaign trail, Obama said Friday that the presumptive GOP presidential nominee has the wrong ideas about how to turn the economy around.

"The challenge that we have faced for over a decade is that bigger profits haven't led to better jobs, bigger profits haven't led to higher incomes," Obama said.

His senior campaign strategist, David Axelrod, described the report earlier in the day as a "significant moment" in the campaign, signaling Obama's team may continue to use the new Bain offense against Romney in the coming days.

Responding to the report, Team Romney called the article a "fundamentally flawed story," arguing it fails to point out the difference between "domestic outsourcing versus offshoring."

Outsourcing, the campaign argues, is a common practice and can occur domestically without sending jobs overseas. Offshoring, on the other hand, involves shifting work out of house and overseas.

"Mitt Romney spent 25 years in the real world economy so he understands why jobs come and they go," said Romney spokeswoman Andrea Saul in statement. "As President, he will implement policies that make it easier and more attractive for companies to create jobs here at home."

A spokesman for Bain Capital also responded to the report Friday, simply pointing to its successful ventures since its founding.

"Bain Capital's business model has always been to build great companies and improve their operations," the company said in a statement. "We have helped the 350 companies in which we have invested, which include over 100 start-up businesses, produce $80 billion of revenue growth in the United States while growing their revenues well over twice as fast as both the S&P and the U.S. economy over the last 28 years."

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Filed under: 2012 • Economy • Florida • Mitt Romney • President Obama
soundoff (83 Responses)
  1. Yankee Doodle Dandy

    The Washinton Post, the very source that Obama cites in his speech, has already stated that Obama's statements are false. In fact, the Washington Post has given the last 2 advertisements produced by the Obama campaign 4 Pinnochio's stating the the ads are absolutely false.

    Now we know that we have a liar in the White House and as Attorney General. Birds of a feather.

    June 22, 2012 08:52 pm at 8:52 pm |
  2. Pk duster

    If these young mexican people can work hn the us they are paying taxes they will work in the fields where no american wants to work and pay taxes have them go in the army and we will be proud of them

    June 22, 2012 09:11 pm at 9:11 pm |
  3. MUSA

    Even if I will never vote for Ronmey, I would have given him respect if he at least had some principles and believes that he stands on. I never liked president Bush's policies or luck of IQ but the man had true principles some of which his party never liked for example his support for immigration reform and for that I respect him. Romney on the other hand is the most obnoxious man I have ever known, every time I hear him talking I feel like throwing up. I can't believe that anybody would honestly vote for a man like that. My goodness, the man is worse than a robot, I don't even think he truly ran Bain capital, someone else must have been making all decisions for him. If he is elected president I have no doubt that this country will sink to the bottom and perhaps never recover from not just the sheer embarrassment but even worse policies that will lead us to total destruction...you think Bush's recession was bad, you haven't seen Romney's depression...Even if you hate president Obama soo deeply, please consider your country because presidents will come and go but for this country to survive long term we have to protect it.

    June 22, 2012 09:16 pm at 9:16 pm |
  4. Pk duster

    I work with mexican people they work very hard and are proud of there work if us american people worked half as hard as the mexicans people do we would a greater work force

    June 22, 2012 09:16 pm at 9:16 pm |
  5. Gurgyl

    Yes, iT sector guys are coming because we do not have proper people to do these jobs, yes, what Obama did is instead if sending jobs, he made them come to USA, gives work permit, so that they spend on our soil–thus our dollar is getting stronger, stronger....true. At one point we need to stop, this is not that point. Just understand. Writer is more educated even than Obama. True, yes, on Obama12.

    June 22, 2012 09:17 pm at 9:17 pm |
  6. rob

    Obama said "We do not need an outsourcing pioneer in the Oval Office. We need a president who will fight for American jobs and fight for American manufacturing. That's what my plan will do,"

    Your plan, what plan is that ??? Green Jobs ??? More borrowed $ to send to the states so they can "Save" Govt (union) jobs ??? More TRILLION DOLLAR deficits ??? Higher taxes ??? Higher energy prices ??? Obama care ??? Less people working ??? Dividing Americans on racial, sexual and socio-economic lines ???

    Oooohhh that plan. I thought we did that plan already.

    Nov 6 can't come fast enough.

    June 22, 2012 09:20 pm at 9:20 pm |
  7. Ben

    How can any American in clear conscience vote for a man whose specialty was outsourcing our jobs overseas, and evading taxes by hiding his money in overseas banks. Romney kills American jobs, and does not want to pay his fair share of taxes. Is that any one's idea of an American president?

    June 22, 2012 09:22 pm at 9:22 pm |
  8. Ben

    If any one is looking for a president to further destroy opportunities for the middle class, then Romney is your man. When you have a man who want to lay off teachers, then it is not hard to conclude that Romney does not represent the best of American future, rather its nightmare.
    In a global economy in which a good education is emperative, we don't need a president that will wage war on our educators.

    June 22, 2012 09:29 pm at 9:29 pm |
  9. Pk duster

    Whey would mitt care if he sends jobs over seas or not mitt says the gop plan for cutting 4 billion dollars in us programs for the poor is great there will be so many poor people home less some one will have to do there jobs

    June 22, 2012 09:30 pm at 9:30 pm |
  10. GonzoinHouston

    Hey, 4/Door, good to have you back! I disagree with you, of course. Car companies have been moving operations to and from the US for years; nothing new in GM doing it. SOW, what's up with conservatives hating GM just because Obama saved it? They may not agree with the bailout, but they're attacking as if GM specialized in outsourcing to China, like um, what's-his-name.

    June 22, 2012 09:42 pm at 9:42 pm |
  11. billfra

    So what does it take to build a 40" LCD TV? 4 hours of labor? 10 bucks of materials. Sure it took a 100 years to develop and a fortune in R&D but 4 hours of my labor will buy me McDonalds a couple fourties and a minimum payment on a credit card. But only if I was homeless and not paying bills.

    June 22, 2012 09:43 pm at 9:43 pm |
  12. TOP CAT

    If Obama has shut a plan to the work class why did he not show it to us in hes first 4 years . Like the war that he was going to end.If he gets gets in for 4 more years you can plan on about the same amount of stuff geting done..And most likely he will still blam BUSH for for the problems we have.If Romney gets in about the only differnce will be he will blame Obama but the same B S . The work class could have a lot more power if it would band togather and that the small city gov.is the ones with all the power to help them they are the ones thaqy say they dont want co. comeing into there city that pay more than $10.00 per hr becase they dont want toadd to groth and the state gov. that can give Co.the tax breaks to get them to come.But the hurt the middle class has is the school sys.that we send kids to The USA gets it but kicked becase we rank so low in order for us to buld biger and better we must have better schools .If we buld the the best we can sell the most.

    June 22, 2012 09:55 pm at 9:55 pm |
  13. 2020

    Doesn't matter how Romney spin his record in Bain capital. Business for money, if making money at people's back? so be it. So did Bain capital. Bain capital moves jobs overseas to squeeze more profits, Romney won't hesitate for a minute to capture that opportunity.

    That kind of skill set does not apply to government which is public goods. That is Public Finance 101, I am sure Romney hasn't learned it.

    June 22, 2012 10:09 pm at 10:09 pm |
  14. 2020

    If you can find 10 items at Staples made in USA, you earn your bragging right. Unfortunately, we could find them. Get the point, business aims at maximizing profits at any costs.

    June 22, 2012 10:11 pm at 10:11 pm |
  15. sexyann

    I think obama is doing a wonderful job no matter how the repubicans try to labeled him republicans definitely not for the middle class i implore obama for what he did last friday. God is with this man and I pray everyday that god will give obama the strength to lead this country. Mr. President you are doing a great job thank you.

    June 22, 2012 10:15 pm at 10:15 pm |
  16. n

    Obama wiped the Latino floor with Romney today. Romney is bland on all issues because he has no core. I think he need to join Dorothy (to find her way home), Scarecrow (searching for a brain), Tin man (a heart), the Cowardly Lion (courage) and Toto (bone) and as for Romney etch-a-sketch, (the truth and a core to store it) Period.

    June 22, 2012 10:20 pm at 10:20 pm |
  17. greg

    Ha with obamas immigration policies he's calling romney out on outsourcing, please, are you trying to get re elected or sound like the moron you are.

    June 22, 2012 10:33 pm at 10:33 pm |
  18. The Real World

    Jaysone wrote, "yes becaue the U.S. having one of the highest corporate tax rate doesn't contribute to outsourcing."

    True the U.S. does have one of the highest corporate tax rates in the world. However, thanks to obscure loopholes in the tax code, corporations in th U.S. pays the least amount in taxes in the world. Companies outsource jobs to foreign countries for cheap labor, pure profit, and greed.

    Faux News seems to keep forgetting to mention that small amount of relevant information.

    June 22, 2012 11:12 pm at 11:12 pm |
  19. al mosley

    Thank u oboma. in 08 lost my job.in 2011 my family and was homeless.we had a 7month old child and my lucy was getting ready to bring lil jackie in this world.we had nothing.but things got better im working my family is ok and i no that tha repub and mitt romney had nothig to do with it so thank u oboma.2012 oboma!

    June 22, 2012 11:15 pm at 11:15 pm |
  20. Thomase

    This is hilarious. Do you realize how many manufacturing american jobs would have been lost if GM and Ford went out of business?


    Republicans are literally blocking the jobs bill from being passed. Not because it's poorly written but because it would create more than 2 million jobs.

    I almost hope the US gets Romney just to see how low our beautiful country could go.

    June 22, 2012 11:20 pm at 11:20 pm |
  21. GetReal

    Four & Myviewis – There's a big difference between outsourcing jobs to other countries, to unfairly compete within the American market, and expanding a company into a global market. The auto companies are selling within the same countries, where their manufacturing is expanding into.
    Apple is a different story. Perhaps China has better electronics manufacturing technology. After all, Apple products are years ahead of the competition.

    June 22, 2012 11:39 pm at 11:39 pm |
  22. Are you kidding me?

    Keep the pressure on Willard to admit the truth that he shipped jobs overseas. Willard is a flip flopping two faced liar for saying that our president has not done anything when he himself was doing it for YEARS!

    June 23, 2012 12:40 am at 12:40 am |
  23. chuck weidemann

    I guess myviewis is worried about all those jobs picking strawberries and lettuce,or the ones washing dishes, maybe digging ditches! I certainly

    don't see a lot of illegals taking all those office jobs or doctors or sales....what world does myviewis live in?

    June 23, 2012 12:55 am at 12:55 am |
  24. arale norimaki

    Romney Doesn’t Dispute He Helped Send Jobs Overseas, Tells Press To Call It ‘Offshoring’ Not ‘Outsourcing’

    This story will be repeated often. You can pretty up the language all you want, but the fact is that Romney led the charge to destroy jobs in the US. This is not the kind of person who should be asking for anyone's vote.

    June 23, 2012 01:11 am at 1:11 am |
  25. Paul

    "Obama continues 'outsourcing' swipe at Romney" - Are the voters supposed to interpret this as Obama's way of "focusing like a laser on the economy"? Last week was all about illegal immigration. The week before was gay marriage. What's on for next week? Is the American economy ever on this man's mind for more than a few sentences in a campaign speech?

    On illegal immigration, only Obama can get away with deporting illegal Hispanic immigrants for three years and then be embraced by the Hispanic community for declaring a temporary stop to the deportations. This is a horrible example of our president being disingenuous. It's like "Tell your Hispanic friends who can vote in November to vote for me, because I'm not deporting you." If Obama interprets that cheers from the HIspanic community will translate into votes, he will be very disappointed.

    June 23, 2012 04:54 am at 4:54 am |
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