Romney rips Obama on China despite investments

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Turner Coates
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Romney rips Obama on China despite investments

Post by Turner Coates »

http://bostonglobe.com/news/politics/20 ... story.html

"WASHINGTON — Mitt Romney sharpened his criticism of President Obama’s handling of China’s trade practices this week, claiming the administration was dawdling as the global power gained strength by stealing American ingenuity and artificially lowering its currency.

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.

The issue highlights the tightrope Romney has to walk whenever he criticizes a practice of the Obama administration that may overlap with his own financial holdings and past business dealings.

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."
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Ah yes, the ever popular "Do as I say, not as I do" routine.
Whadda guy!
That's the way the game is played these days.
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DEATH ROW JOE
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Re: Romney rips Obama on China despite investments

Post by DEATH ROW JOE »

claiming the administration was dawdling as the global power gained strength by stealing American ingenuity and artificially lowering its currency.
Sounds like Paul Ryan needs to have a look at China. Romney/Ryan is a joke of epic proportions.

“I''ve never seen a country devalue its way to prosperity but it's a quick fix at the expense of the long term and the medium term. There's nothing more insidious that a government can do to its people than debase its currency, ” - Paul Ryan
http://youtu.be/acx4OIP4Q7c
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KneelandBobDylan
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Re: Romney rips Obama on China despite investments

Post by KneelandBobDylan »

Mittens is throwing everything against the wall, hoping some of it might actually even stick.
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RATTdrools
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Re: Romney rips Obama on China despite investments

Post by RATTdrools »

KneelandBobDylan wrote:Mittens is throwing everything against the wall, hoping some of it might actually even stick.
Vomit Romney is the biggest fucking hypocrite there is!
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