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As Romney Repeats Trade Message,
Bain Maintains China Ties

New York Times, by By Sharon LaFraniere and Mike McIntire

Original Article

Posted By:jeffreyabigail, 10/10/2012 6:39:51 AM

The tale of Asimco Technologies, an auto parts manufacturer whose plants dot eastern China, would seem to underscore Mitt Romney’s campaign-trail complaint that China’s manufacturing juggernaut is costing America jobs. Nine years ago, the company bought two camshaft factories that employed about 500 people in Michigan. By 2007 both were shut down.

Comments:
Front page story from Pravda. I'm surprised they didn't wait for three days before Election Day. Can't wait for their article on Bain creating Staples.

      


Post Reply  

Reply 1 - Posted by: Janjan, 10/10/2012 6:54:36 AM     (No. 8922217)

Following a late night panic call from Stephanie Cutter and David Axlerod, the NYT eagerly agrees to retry the Bain angle.

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Reply 2 - Posted by: Sfacheem, 10/10/2012 6:56:20 AM     (No. 8922221)

The BAIN CAPITAL angle hasn't worked in the past. The dog won't hunt. This is another desperate handful of mud heaved against the wall.

They're down to throwing the gun.

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Reply 3 - Posted by: marthaville, 10/10/2012 6:58:04 AM     (No. 8922224)

Let's see. Romney left Bain in 1999 to run the Salt Lake City Olympics. He put his investments in a blind trust in 2003. That clears things up. Sure he is responsible for every fund Bain Capital is associated with.

If the New York Times was really convinced Bain and its investors are acting illegally, why not disclose who the other investors are in the various entities to which they refer?

I guess the authors and publisher want you to believe Romney is still calling the shots at Bain, and that all "Bain" entities are owned 100% by Bain Capital.

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Reply 4 - Posted by: Spidey, 10/10/2012 7:01:38 AM     (No. 8922232)

Bain has been taken over by liberals. now they want to blame Romney retroactively for outsourcing.Government pension plans are heavily invested in Bain,if they hate the so much why not dump their stock?

The left still hasn't figured out that we have a global economy now and there's a lot more insourcing of jobs which they happily ignore.Foreign carmakers here are insourcing jobs.


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Reply 5 - Posted by: Constitutional, 10/10/2012 7:02:13 AM     (No. 8922236)

Plus, he put out a mafia contract to kill Big Bird with extreme prejudice. He hates children and wants to see them crying.

And... and... he ties dogs to the roof of his car. Yeah. Because he hates animals too.

And.. and .. and... well, can't you just see he's an evil RICH RACIST?!?!?

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Reply 6 - Posted by: simple simon, 10/10/2012 7:12:03 AM     (No. 8922253)

Yes - great. We cannot ignore or slam the door on China. Romney's message is fairness and it's more than safe to bet that Bain actually makes money in their relationship with China.

That's the counter-punch to this garbage. Side-by-side chart showing the annual revenue/expense ratios between China and USA Inc. and then China and Bain Capital.

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Reply 7 - Posted by: god of irony, 10/10/2012 7:20:39 AM     (No. 8922266)

The lessson learned here is that the free market finds the path of least resistance. Maybe NYT should take a look at how our socialist president has created a hostile climate for successful businesses in America.

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Reply 8 - Posted by: chance_232, 10/10/2012 7:27:55 AM     (No. 8922288)

I expect a story in the very near future where Someone from Bain Capitol TALKED to someone from Haliburton.


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Reply 9 - Posted by: Keekng, 10/10/2012 7:42:32 AM     (No. 8922320)

When a story like this is posted, it is not injuring investors it is injuring Unions. Companies are not moving overseas due to taxes, they are movin away from Labor Unions which have a high dollar cost. Unions are pricing their workers out of jobs. Ask Lee Iococca.

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Reply 10 - Posted by: Fiesta del sol, 10/10/2012 7:48:42 AM     (No. 8922328)

I missed the part in this article about themObama campaign and it's ties to China. Especially on the donation side.

The NYT, more Pravda than Pravda.

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Reply 11 - Posted by: GringoinQuito, 10/10/2012 7:50:27 AM     (No. 8922332)

Pathetic! I had been a regular reader of the NYT since the 70's. This year I cancelled my subscription. I grew tired of the lies and the syncophancy of this rag.

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Reply 12 - Posted by: The Architect, 10/10/2012 8:01:56 AM     (No. 8922362)

Lets see, how to put this delicately?? Sharon, Mike, Pinch! I have a little news for you. Romney hasn't been with Bain since 1999 you blithering morons!

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Reply 13 - Posted by: Bur Oak, 10/10/2012 8:05:12 AM     (No. 8922373)

NYT is merely trying to blunt the impact of the scandal of Obama's campaign's online unverifiable donations program run from China.

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Reply 14 - Posted by: Blue-Z-Anna, 10/10/2012 8:11:57 AM     (No. 8922381)

Dope smokin' hippies have some issues with the notion of competition.

Why do they fail to embrace their own damn "Global Village".

How many different sides of the argument can one be on ?



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Reply 15 - Posted by: doctor P, 10/10/2012 9:40:46 AM     (No. 8922612)

As has been pointed out, the media might have a story if they actually investigated who RUNS THE COMPANY NOW and who benefits.

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Reply 16 - Posted by: AppleAnnie, 10/10/2012 9:49:09 AM     (No. 8922628)

And, a chief Obama bundler works out of an office in Shanghai. (Heard it all on Batchelor last night.)

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Reply 17 - Posted by: Wayneright, 10/10/2012 10:33:00 AM     (No. 8922779)

This on Page 1.
When our ambassador was killed it was on page 6.
Well, I do not feel so bad that my friend of 30 years Mike McIntire will not speak to me any more.
I think this is perhaps the most unprofessional "news story" I have ever read.
Sad. Really sad.


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