During last night's debate, Governor Romney claimed that companies have been outsourcing jobs overseas to countries such as China and India because they couldn't compete in "this climate". That's quite an interesting statement, considering the fact that Bain Capital was outsourcing jobs during the 1980s under the Ronald Reagan and George H.W. Bush administrations (during which time Mitt Romney was at the helm), and continued to outsource during George W. Bush's administration, as well. In fact, a report by McKinsey Global Institute found that nearly $30 billion in work was outsourced overseas by Bain and its subsidiaries. (http://www.washingtonpost.com/business/economy/romneys-bain-capital-invested-in-companies-that-moved-jobs-overseas/2012/06/21/gJQAsD9ptV_story.html). Since its inception in 1984, therefore, Bain was involved in the outsourcing of jobs overseas throughout the administrations of three republican presidents.
If republican policies are supposed to be better for business, why did Romney and Bain Capital outsource nearly $30 billion worth of work since the company's inception back in 1984? Ronald Reagan had already been president for four years; certainly the "climate" should have been amenable to companies like Bain Capital and its subsidiaries. It seems to me that blaming democratic policies and adminstrations is a smokescreen. The truth is that executives like Mitt Romney prefer outsourcing in favor of foreign countries because they want to save money no matter who is in office. No tax cuts will ever be enough.