I see Romney is still floundering on questions on when he left Bain Capital (that is, when he went from active manager to passive owner). Whether it was 1999 or 2002 doesn’t really matter except that in 2000 and 2001 Bain invested in companies that outsourced jobs to China and Mexico.
Romney’s campaign is completely flubbing this (no doubt, his once and future strategist Mike Murphy is waiting to be called up from the bullpen to replace his nemesis Stuart Stevens). Romney should have gone with the “I’m captain of the ship so the buck stops with me” line. Hell, he still should. (UPDATE below)
He could point out that under the economic stewardship of Bill Clinton and Alan Greenspan (stir the pot!), unemployment reached a low of 3.8% in early 2000. When we’re at full employment, the shortage of American workers puts a limit on economic growth. There’s two ways to overcome this and everyone would agree that outsourcing to foreign factories more sense than bringing foreign workers here (that’s for you Arizona!).
However different conditions require different policies. Under the stewardship of Obama and Bernanke, unemployment is 8.2% and the economy is stagnant. Clearly, we shouldn’t be outsourcing anything or giving amnesty to anyone. In fact, he agrees 100% with his friend Donald Trump we should get tough with China and other countries to eliminate our trade deficit.
You’re welcome Stevens.
UPDATE: You snooze you lose.
“Obama To Romney On Bain: ‘The Buck Stops With You’”