Monday, June 25, 2012

"Obama Mocks ‘Financial Wizard’ Romney For Bain Outsourcing" (with video)

Benjy Sarlin (TPM) with video (01:18):
President Obama mocked Mitt Romney’s explanation for a Washington Post story on Romney’s investment in companies that were “pioneers” in outsourcing during a freewheeling speech in New Hampshire on Monday.

The president noted that Romney’s campaign had pushed back against the Post’s scoop by complaining it didn’t sufficiently distinguish between “outsourcing” and “offshoring,” only the latter of which expressly involves shipping jobs overseas.

“You cannot make this stuff up!” Obama said. “What Gov. Romney and his advisers don’t seem to understand is this: If you’re a worker whose job went overseas, you don’t need somebody trying to explain to you the difference between outsourcing and offshoring, you need someone who’s going to wake up every day and fight for American jobs and investment here in the United States.”

Obama warned voters that Romney’s work with outsourcing companies at Bain Capital was reflected in his economic plan today, and pledged to end tax breaks that benefit companies that ship job overseas. MORE...

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