Fact Check: Obama’s Bain attacks are mostly false

Meredith Jessup
The Blaze

Perhaps someone should alert Attack Waaaaaaaatch:

Obama accuses Romney in a series of TV ads of being a “corporate raider” who “shipped jobs to China and Mexico,” asking if voters want to elect an “outsourcer in chief.” But some of the claims in the ads are untrue, and others are thinly supported.

Bain Capital, the venture capital firm founded by Romney in 1984, is the focus of the Obama campaign’s attacks. There is no question that Bain invested in some companies that helped other companies outsource work and that some of that work went overseas. That was the core business for Modus Media and SMTC Corp. — two outsource companies featured in a June 21 article in the Washington Post that has been the basis of recent Obama TV ads. Bain also invested in U.S.-based companies that sold goods manufactured here and abroad, and some of those companies closed U.S. facilities and eliminated U.S. jobs.

But after reviewing numerous corporate filings with the Securities and Exchange
Commission, contemporary news accounts, company histories and press releases, and the evidence offered by both the Obama and Romney campaigns, we found no evidence to support the claim that Romney — while he was still running Bain Capital — shipped American jobs overseas…

Read more at The Blaze.

Also, Obama Campaign Challenges Fact Checker Report on Romney Outsourcing

At Business Insider, Romney’s Old Company Is The Best Employer In America

We can’t help but notice Mitt Romney’s old firm Bain & Co is the highest rated employer in the country again.

Although Romney hasn’t worked at Bain since 1999, it’s clear that he left a defining impact on the company, which he joined in 1977.

Romney was “an extremely hard worker and an egalitarian boss… [who] inspired intense loyalty, and there are still members of his circle who describe him as a perfect CEO,” according to a profile by New York Mag’s Benjamin Wallace-Wells

Obama Bundler Tied to ‘Outsourcing Pioneers’

Obama campaign outsources the truth

Comments are closed.