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View Diary: "Pioneer's of Outsourcing!" ( animated ) "What Now Cartoon " (6 comments)

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  •  Bain’s foray into outsourcing began in 1993 (0+ / 0-)

    Bain’s foray into outsourcing began in (1993 ) when the private equity firm took a stake in Corporate Software Inc., May 27, 1994 – Clinton Grants China MFN.
    or CSI, after helping to finance a $93 million buyout of the firm. CSI, which catered to technology companies like Microsoft, provided a range of services including outsourcing of customer support. Initially, CSI employed U.S. workers to provide these services but by the mid-1990s was setting up call centers outside the country.
    Get your facts straight man! Left of center political cartoons

    by what now toons on Wed Aug 22, 2012 at 12:11:14 PM PDT

    [ Parent ]

    •  And I'll See You And Raise You (1+ / 0-)
      Recommended by:
      Grabber by the Heel

      This is Sen Frank Lautenberg.

      Before he was a U.S. Senator Frank Lautenberg was the CEO of Automatic Data Processing. Automatic Data Processing is a payroll and HR outsourcing company. If really feel strongly about it I think I can find the exact year that ADP started offshoring work. I'm pretty confident it was before 1993.

      Get your facts straight man!

      The question really is, which political party put the policies in place which allowed Mitt Romney to offshore jobs?

      I won't be coming home tonight, my generation will put it right - Genesis 9:3

      by superscalar on Wed Aug 22, 2012 at 12:26:37 PM PDT

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      •  1993 policies would have been set by Bush Senior.. (0+ / 0-)

        1993 policies would have been set by Bush Senior,  Clinton Grants China MFN. May 27, 1994.  Nafta wasn't signed into law until December 0f 1993.  Bain’s foray into outsourcing began in 1993, yes, but a take over of a company could hardly begin and take place in the final days of December.
              Romney's venture capital firm "owned companies that were pioneers in the practice of shipping work from the United States to overseas call centers and factories making computer components."

        In other words, Bain Capital wasn't just investing in companies that shipped jobs overseas themselves, Bain owned companies that were trailblazing the practice of outsourcing American jobs to low-wage companies like China and India.
        Besides, who cares about Clinton, he's not running for president, Mitt Romney is, and his business practices, which he cites, show us what kind of president he would be. Left of center political cartoons

        by what now toons on Wed Aug 22, 2012 at 12:51:33 PM PDT

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        •  Bush the 1st passed the tax break for offshoring (0+ / 0-)

          manufacturing and other work. Labors request for a repeal of this was ignored by Clinton.

          Clinton's passage of nafta, China's trade status, and whoring for the davos gangsters dug the American middle class's grave.

          The plan our davos masters have is to reduce all wages and social spending all over their world. Europe and America's  wages meet China's and the 3rd world. The davos crowd is now saying this out loud. They get what they want.

          What Reagan and Thatcher started, Clinton and Blair finished. Obama appears to be on board as well.


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