Shame on you, Barack Obama!

June 29, 2012: Shame On You ad from Romney campaign

I love it … pitting Obama’s own Secretary of State against him. And can you believe, the Dem’drooling Washington Post criticizing Obama so harshly? LOL I googled for the source of the WaPo quote. Here it is:

June 21, 2012: 4 Pinocchios for Obama’s newest anti-Romney ad By Glenn Kessler

Voiceover of new Barack Obama campaign ad: “Running for governor, Mitt Romney campaigned as a job creator. But as a corporate raider, he shipped jobs to China and Mexico. As governor, he did the same thing: Outsourcing state jobs to India.

I have faulted the obama campaign several times for these exact same claims. Apparently, they don’t pay much attention, since this latest ad combines all of the claims I’ve proved false into a single 30-second ad.

Simply repeating the same debunked claims won’t make them any more correct! Let’s look anew at this material.

In the world of finance, the phrase “corporate raider” refers to an investor who buys a large number of shares in a corporation whose assets appear to be undervalued with the intention of using share-holder voting rights to push for changes in the company’s leadership and management. This is generally an adversarial stance, in which the investor uses stock-holder voting rights to push management to spin off assets, take the company private or break it up.

We have closely studied Bain Capital and can find no examples that come close to this situation. Even former Obama auto czar Steven Rattner says, “Bain Capital is not now, nor has it ever been, some kind of Gordon Gekko-like, fire-breathing corporate raider that slashed and burned companies, immolating jobs wherever they appear in its path.”

The Obama campaign rests its “outsourcing at Bain” case on three examples of Bain-controlled companies sending jobs overseas. But only one of the examples — involving Holson Burns Group — took place when Romney was actively managing Bain Capital. One time does not make a pattern.

The claim that Romney outsourced jobs as governor is equally overblown. Governor Romney did veto a bill that would have prohibited Massachusetts from outsourcing the state’s work to other countries. Clearly, there was little real support on either side of the aisle for this bill, since both the liberal editorial page of the Boston Globe and the conservative editorial page of the Boston Herald urged him to veto it and when he did, the Democratic-dominated Massachusetts legislature did not override his veto. (It did overturn 117 others.)

The above was CONDENSED by CtH for clarity. You can read the original @

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Filed under Barack Obama, Hillary Clinton, Mitt Romney

One response to “Shame on you, Barack Obama!

  1. Pingback: Outsourcing jobs – Obama vs Romney | PoliNation