Tuesday, August 14, 2012

Easy Money

Working for cash is a chore,
but I found a way to make more!
A business that profits?
Buy it, then gut it,
then ship all of the jobs offshore.

Bain Capital, the company which Mitt Romney founded, ran, and which he still owns controlling shares in, has continued the philosophy under which he began the company. They have recently bought out an auto-parts company that has been turning a profit for years. Not content with measly auto-parts profits, Bain has divested the company of its assets and is moving the plant's operations to China. And, if that was not enough of a kick in the junk, the current employees are being asked to train their Chinese counterparts. The company's employees have appealed to Romney, but so far no answer from his camp has been forthcoming.

As I said yesterday, I am not against a corporation making a profit. Putting profits over people is wrong, and putting short term profits over long term growth is just stupid.

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