Romney rips Obama on China despite investments
By Matt Viser
September 15, 2012
<..> But the Republican presidential nominee — both during his business career and in some recent financial investments made on his behalf — has invested in Chinese manufacturing companies that use some of those same practices, according to Romney’s financial forms statements and a review of shareholder disclosure statements.
<..> When Romney was in charge of Bain Capital, for example, the firm invested millions in a company that manufactured household appliances using cheaper labor in Dongguan, China.
<..> Romney also has between $500,000 and $1 million invested in a Bain Capital fund that has been used to purchase shares of GOME, a Chinese electronics company, according to the financial disclosure form Romney filed in June. That company — in which Bain has been one of the largest outside shareholders — is being sued by Microsoft Corp. for selling computers with pirated versions of its Windows and Office software.
<..> “Governor Romney’s hypocrisy apparently knows no ends,” former Ohio governor Ted Strickland said Friday on an Obama campaign conference call. “He claims he’ll crack down on China, but he’s never done that, and I don’t think he ever will. The truth is, Mr. Romney’s made a fortune investing in firms that specialize in shipping jobs to China and other low-wage countries.”
Why won't Willard release his tax returns?