The campaign of Republican presidential candidate Mitt Romney is taking issue with a Washington Post story stating that Bain Capital invested in companies that sent U.S. jobs overseas. Bain is the private equity firm co-founded by Romney.
The Post story fails to take into account the difference between “outsourcing” jobs and “offshoring” jobs, Romney spokeswoman Andrea Saul told Politico
. Bain’s companies outsourced jobs, which means they utilized contract workers, rather than their own employees.
Offshoring jobs would mean replacing U.S. workers with foreign ones.
“This is a fundamentally flawed story that does not differentiate between domestic outsourcing versus offshoring nor versus work done overseas to support U.S. exports,” Saul said. In any case, Romney is the candidate who can help curb unemployment, she said.
“Mitt Romney spent 25 years in the real world economy, so he understands why jobs come and they go. As president, he will implement policies that make it easier and more attractive for companies to create jobs here at home. President Obama's attacks on profit and job creators make it less attractive to create jobs in the U.S.”
© 2022 Newsmax. All rights reserved.