Mitt Romney Invested Millions in Firms That Pioneered High-Tech Outsourcing

I read the article, and it does not look good for romney. He invested in a lot of non-American activities.

But that doesn't compare to the fact he also invested Iran's oil industry, which last time I heard were subject to US sanctions.

Mitt Romney’s Iran Oil Investments

In his 2010 tax returns Mitt Romney forgot to mention his investments in Iran Oil that were reported in his 2006 tax return.

It is of no wonder that he dropped those Iran and Russian and China’s oil investments in Iran so quickly or diverted them to another shell company, who knows at this point what he did.

Forgot to disclose... yeah right. He won't release those returns until his lawyers and trust fund managers have finished shifting funds around through more shell companies.

God what what a sleazy character.

Romney invested in Chinese and Iranian companies

Presidential candidate Mitt Romney promised in 2007 he would shed any investments that conflicted with Republican positions on hot-button domestic and foreign policy issues. But Romney's family trusts kept some of those holdings and repeatedly bought new ones until 2010, when they were finally sold off for more than $3 million, according to a detailed review of Romney's financial records by The Associated Press.

Recently disclosed tax returns for three family trust funds for Romney, his wife, Ann, and their adult children show scores of trades in companies whose business operations are inconsistent with Republican Party stances that Romney favors on Iran, China, stem cell research, abortion and other issues.

reply to post by Macabe


All find and dandy .. but hey .. we still have not see Obama's tax return(s)..

He has never held a real job before being president so how is he a millionaire.. ?
What about his back history ..while we are on the subject of ones backstory..

You guys are okay to destroy anyone you want...but lets take a good look at Barry while we are at it. Otherwise your showing some political 'ankle'. We all know your shilling for Obama .. because its okay to dismantle the country as long as there is a D next to your name..

reply to post by LeoStarchild

All find and dandy .. but hey .. we still have not see Obama's tax return(s)..

Now you're just being lazy (or willfully ignorant?)

Tax History Project - Presidential Tax Returns

Obama released the past 11 years of his tax returns. Biden has released 13 years.

Romney released one year, 2010 - and that wasn't even a complete release. He's still hiding all his shell companies and offshore tax havens.

Mitt Romney is the type of person who should have never left the private sector. He's very good at making money, but he does not look out for the little person, the middle class, or the American worker. Even the one good thing he's down (Mass. health care) he is now running away from, to appease his GOP base.

Fine.. I will eat my words. (yum) I just havent heard anything about Os returns.

I will ask .. since when did the presidents income raise over $200k /yr??

Can we just outsource Mitt Romney already. China, Hungary, Mexico or Iran would love to have him. He's created more jobs for them than he has for America.

reply to post by LeoStarchild

I will ask .. since when did the presidents income raise over $200k /yr??

President's Salary
Effective January 1, 2001, the annual salary of the president of the United States was increased to $400,000 per year, including a $50,000 expense allowance.

Presidential Pay and Compensation

reply to post by Blackmarketeer


This article might be talking about the chinese company that romney said he went to go visit in that hidden camera video.

very interesting indeed.

reply to post by grey580


I don't see any article link posted? Do you mean the one form the OP?

PS why would Romney call Russia our number 1 enemy when they haven't posed a military threat in 2 decades and pose no economic threat at all, but then he ignores China which poses a serious threat with unfair trade practices and militarizing the South China sea? Is it because he still sees China as his former outsourcing partner? How many factory deals and high-tech companies did Mitt Romney send to China for the $$$? Now he thinks he can be President after shafting Americans?

Romney did outsource jobs to overseas manufacturers... and it was a good business move... Why?

EPA... if you want to build a factory overseas, you build it. Here, you have to do enviromental studies and there are impact studies and mucho mass fees and permits and licenses and fees and licenses..

But in Mexico or China... you just build the damn thing.

It's the same reason they can make and sell some Ford and Chevy tucks there that they can't make here... regulations.

And where do those regulations come from? Congress and departments... usually under Democratic Administrations.

Then there are the Unions... try to get anything done with a Union. so many hurdles and hoops to jump through, so why do that when you have an eager and willing labor source overseas.

Even Steve Jobs said that Apple produced and manufactured overseas because the turn around time on improvements and developement was faster overseas because of the lack of regulations.

That is why foreign companies come south in the USA to build factories and manufacturing plants... Nissan in Tennessee, BMW and Mercedes in South Carolina, Toyota and Nissan in Texas and Alabama... right to work states with little Union influence.

Back when the country began, if you wanted to start a business... you just did it. george washington wanted to produce flour.. he did it. Wanted to make whiskey... he did it. Wanted to net, salt, and ship fish back to England... he did it.

Now a days... if you want to build anything or do anything, you better have some money... and even after the impact studies and application for permits and thousands of dollars... there is still no guarentee you will be allowed to construct and open a facility. And then to work through Unions, you have contracts and have regualtions that this has to be done and that has to be done, and if time is up you must wait or pay out the ying yang for time and wages...

Lastly, how many of us... You and Me ... have all American made stuff in our homes. Do we support American workers and manufacturing or do we go for the lowest priced bargain.. made in Honduras, Bangladesh, Taiwan...China? To have American made products and manufacturing and jobs.. we need to demand and support it... otherwise... we are every bit as hypocritical as Romney and Obama.

Exclusive Live From 'Bainport': Illinois Workers Urge Romney to Not Outsource Their Jobs to China

source
www.huffingtonpost.com...





just breaking within the past hour