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Etch A Sketch: made in China thanks to Mitt Romney and Bain

Crabtownboy

Well-Known Member
Site Supporter
Will Romney do Bain in by attacking China in trade and finances if he becomes president? Or will he protect his retirement portfolio ... which has invested in Chinese companies?

Part of Romney’s rap against China is the stealing of U.S. technology. But Microsoft had accused Bain’s Chinese retailer, Gome Electrical Appliances, of pirating its software. And Global-Tech, a Bain Chinese appliance company, was found to have violated a U.S. patent held by a French company.

Around the time Etch A Sketch left for China, Asimco Technologies bought two auto-parts factories in Michigan, closed them and laid off 500 Americans. Bain saw the “strong fundamentals” of Asimco’s operations and acquired the company. Today, Asimco makes the same camshafts on land donated by the Chinese government. China has designated this area as an export metropolis, showering the companies that move there with a variety of government subsidies.

Romney counts himself among the American heroes who built a business, but what his business built above all was an army of crack Washington lobbyists. For example, the profits Romney collects from Bain are taxed at a low 15 percent, rather than the top rate of 35 percent. Even many Wall Streeters regard this as an outrageous loophole, but private equity lobbyists fight to preserve the deal, which Romney has no plan to change.

The head spins over Bain’s offshore holdings in the Cayman Islands, Luxembourg and so forth, all tasked with exploiting the U.S. tax code — or put in less neutral terms, tax-dodging. Sadly, too many of our paid-for representatives in Washington cast a blind eye toward such tax games. (The direct subsidies come from China.)

Once stripped of their jobs, the laid-off Americans apply for unemployment and other government benefits to survive. Guess that turns them into the “takers” whom Romney holds in contempt.

http://seattletimes.com/html/opinion/2019476589_harropcolumnetchasketchxml.html
 

Don

Well-Known Member
Site Supporter
Let's not forget--Obama's portfolio includes Chinese investments, too.
 

Mexdeaf

New Member
Etch A Sketch likely moved manufacturing there due to silly union and EPA laws rather than anything related to Romney.
 

OldRegular

Well-Known Member
[FONT=Will Romney do Bain in by attacking China in trade and finances if he becomes president? Or will he protect his retirement portfolio ... which has invested in Chinese companies?
[/FONT][


First thing he is going to do is reinstate the Mexico City policy so those taxpayers who believe it is a sin against God to slaughter the unborn will not have to fund that slaughter.

Second thing he will do is quit sending "green energy" stimulus money to China.

Third thing he is going to do is set in motion the revoking of Obamacare with its "death panel" and abortion funding.

Fourth thing he is going to do is set the Feds after CTB for spreading false stories about him on BB.
 

Crabtownboy

Well-Known Member
Site Supporter
The President has a very similar retirement portfolio.

[FONT="Verdana"Well I don't know. Do you have a link telling us that fact?

Regardless, Obama has never bought controlling interest in a US company, sent it into bankruptcy, closed the company putting Americans out of work, and sending the work to China.[/FONT]
 

Revmitchell

Well-Known Member
Site Supporter
[FONT="Verdana"Well I don't know. Do you have a link telling us that fact?

Regardless, Obama has never bought controlling interest in a US company, sent it into bankruptcy, closed the company putting Americans out of work, and sending the work to China.[/FONT]

Only because Obama has never had a real job, much less in business that would give him any expertise to know how to run the economy. But then that has nothing to do with retirement portfolio's. And of course you knew that.
 

exscentric

Well-Known Member
Site Supporter
Check around Beck's site he said the other day Romney doesn't have a retirement fund but Obama's from IL is 120000 a year for his senate absence alone.
 

targus

New Member
[FONT="Verdana"Well I don't know. Do you have a link telling us that fact?

Regardless, Obama has never bought controlling interest in a US company, sent it into bankruptcy, closed the company putting Americans out of work, and sending the work to China.[/FONT]

You mean besides GM?
 

OldRegular

Well-Known Member
[FONT="Verdana"Well I don't know. Do you have a link telling us that fact?

Regardless, Obama has never bought controlling interest in a US company, sent it into bankruptcy, closed the company putting Americans out of work, and sending the work to China.[/FONT]

1. Obama has tried to keep Boeing from opening a manufacturing plant in Charleston, SC.

2. Obama has made sustained efforts to diminish the mining of coal in this country and its use in the production of electrical power.

3. Obama has reduced the extraction of oil on Federal land.

4. Obama transferred the Chrysler Corporation to an Italian company, Fiat.

5. Obama policies have put an additional 15 million people on food stamps.

6. Obama policies have left 23 million people unemployed.

7. Obama policies have increased the national debt by 50+%, almost 6 trillion dollars [$6,000,000,000,000]!

8. Obama has given us a 15 member death panel empowered by a democrat passed law whose task is to ration medical care for those on Medicare.

9. Obama's laziness and arrogance is responsible for the murder of the four Americans in Libya. Obama is too arrogant and lazy to receive more than 50% of the daily intelligence briefings including the day following the murders in Libya.

10. Obama is responsible for the treasonous release of classified information that gave aid and comfort to our enemies.

11. Obama's continued lie about the cause of the Libya murders advertised the supposedly offending video resulting in anti American demonstrations throughout the Islamic world.

ON and On ad infinitum. I believe Obama is driven by a sociopathic personality and has no love for this country or its people!
 

LadyEagle

<b>Moderator</b> <img src =/israel.gif>
More Obama Hypocrisy

Texas Insider Report: WASHINGTON, D.C. – All the time and effort to define Mitt Romney as a shadowy, rich figure who sneakily invests in dark companies overseas may have been undone during Tuesday evening’s debate when Mitt Romney asked President Obama, ”Mr. President, have you looked at your pension?” Turns out, Mr. Obama does invest in Chinese companies, through a Cayman Island Trust. The revelation could not have come at a worse time for the Obama Campaign, with Election Day less than 20 days away.

Barack Obama has spent an awful long time (and a ton of campaign bucks) attempting to convince voters that Mitt Romney is an individual who dodges paying his “fair share” of taxes by manipulating the U.S. Tax Code.

<snipped>

Since Obama was an Illinois state senator from 1997 to 2004, he is a participant in the Illinois General Assembly Retirement System, confirmed William Atwood, executive director of the Board of Investment.

The pension fund’s holdings include an entity called Advent International. Advent describes itself as “one of the world’s most global private equity firms” and has buy-out offices in 16 countries.

Atwood confirmed the Pension Fund has invested $30 million in one of Advent’s partnerships, Advent International GPE VI-A, which was organized in the Cayman Islands, Atwood said. Public filings back that up.

http://www.texasinsider.org/2012/10/obamas-chinese-investments-held-via-offshore-island-trust/


NOTE TO CTB & OBAMA: "Curses, foiled again!" :laugh:
 
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