Paul Davidson: How Mitt Romney Got Rich Destroying American Jobs!

Right now, a man whose predatory career has claimed the jobs of countless Americans is trying to wrap himself in the flag and call himself a "job creator" and "wealth creator." Does he mean miserable jobs in Chinese factories? Wealth for the 1 percent? Apparently that's exactly what he means. Republicans claim that Mitt Romney's entrepreneurial activities at Bain Capital have been good for Americans. The truth is that Romney has spent his career off-shoring and outsourcing American production processes, and associated jobs, to countries like China, where human labor is valued in the market at a very low wage rate. Mitt Romney's tenure as Bain's CEO has long linked him to off-shoring and outsourcing. Even today, although he is no longer in that position, Romney still makes a nice profit on undertakings done long after he left the day to day management of the firm. The usual justifying claim is that off-shoring and outsourcing are methods where the American entrepreneur finds the lowest labor cost of production for specific goods and services. Conservatives argue that even if there are additional shipping costs, the entrepreneur can provide goods and services at a lower price to American markets than if the product were produced at home. According to this line of thinking, American consumers are said to be winners, because they can buy more for each of their dollars of income. Never mind that those folks whose jobs were shipped overseas will not have much income to buy much of anything! In reality, there is nothing just in such practices. They run counter to American values, and are detrimental to a decent society. Bain's engagement in outsourcing under Romney's leadership can be traced back to at least 1993, when the firm bought into a company called "Corporate Software Inc." CSI provided a range of services for hi-tech companies such as Microsoft.