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U.S. Republican presidential candidate and former Massachusetts Governor Mitt Romney gestures while making a point about children's education at The Latino Coalition during the Annual Economic Summit at the U.S. Chamber of Commerce in Washington, May 23, 2012. REUTERS/Larry Downing (UNITED STATES - Tags: POLITICS ELECTIONS BUSINESS EDUCATION)
Mitt Romney wants to bring jobs to America. Of course, he's going to have to make America
more like China first. (Larry Downing/Reuters)
Under Mitt Romney, business executive, Bain Capital invested in companies that move jobs overseas for other companies. Romney's time in business is the big rationale for his presidential candidacy—he claims he knows all about job creation because of his time at Bain. But according to Mitt Romney, presidential candidate, "My job is to bring jobs back to America" and "With the right policies and the right leadership, we can see a resurgence in American manufacturing."

Romney has also criticized President Obama for not being tougher on China's currency manipulation and other illegal trade practices. But that's not the approach he took at Bain. Companies Bain invested in and ran had plants in China.

Romney's claim that his business experience of moving jobs overseas is the reason he's qualified to be president and have the job of bringing jobs back to America is actually less contradictory than it might initially seem. If you pay attention to what Romney is saying past the quotable "My job is to bring jobs back to America" lines, he's saying the jobs would come back because he'd make the U.S. into China. What he's talking about when he promises to bring jobs back to America is weakening safety and environmental protections, lowering corporate taxes, keeping workers from organizing for better pay and working conditions.

If Romney can accomplish all that, his time at Bain certainly does qualify him to exploit the giant new pool of low-wage, poorly protected workers that would result.

Originally posted to Daily Kos Labor on Fri Jun 22, 2012 at 09:28 AM PDT.

Also republished by Daily Kos, ClassWarfare Newsletter: WallStreet VS Working Class Global Occupy movement, and Progressive Hippie.

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