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"According to government documents reviewed by Mother Jones, Romney, when he was in charge of Bain, invested heavily in a Chinese manufacturing company that depended on US outsourcing for its profits—and that explicitly stated that such outsourcing was crucial to its success."
Your morning must-read, courtesy of DC bureau chief David Corn.
President Obama wants to give businesses tax breaks for keeping jobs in America. His opponent, meanwhile, earned his riches by shipping American jobs overseas — and despite Mitt Romney’s claims that he was no longer at Bain Capital when that all took place, Mother Jones has been reporting that’s not exactly the case.
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Vanity Fair: Where the Money Lives
A thorough (and sometimes hard-to-read) piece from Vanity Fair’s Nicholas Shaxston about Mitt Romney’s wealth problem (specifically, how little taxes he pays on that wealth, all his tax havens, and his history with Bain Capital). If you can get through the more technical, dry finance stuff, you’ll get a good idea of why this sort of thing matters as Romney tries to win the presidency in November.
Liberal musings and other opinions on the sometimes-entertaining, sometimes-frustrating world of American politics. Expect lots of GOP-bashing -- if for no other reason than they make it so damn easy!
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