Nutter, Other PA Mayors Send Open Letter to Mitt Romney
In light of a Washington Post report published on Friday detailing Mitt Romney’s tenure at Bain Capital — specifically, its role in outsourcing American jobs overseas — five Pennsylvania mayors are lashing out. Philadelphia Mayor Michael Nutter, Allentown Mayor Ed Pawloski, Pittsburgh Mayor Luke Ravenstahl, Erie Mayor Joe Sinnott and Reading Mayor Vaughn Spencer recently wrote and signed an open letter to Romney asking him to “reconsider” his plan to send American jobs overseas as president and “instead focus on job creation here at home.”
Specifically, though, the mayors are talking about one of Mitt Romney’s tax-cutting proposals—one which would eliminate U.S. taxes on business’ foreign profits, and, according to the letter, “encourage more companies to send jobs overseas and severely undermine the growth and progress we’ve seen in Pennsylvania since we started adding jobs under President Obama.”
Mayors Nutter and Pawloski held a conference call this afternoon regarding the letter and slammed Romney as a “pioneer” of sending jobs overseas.
“Under Mitt Romney’s leadership, Bain Capital not only profited from shipping American jobs overseas…the fact now is that Bain was a pioneer in this idea of outsourcing,” said Nutter. He called Romney a “serial outsourcer of jobs” and noted Bain was “among the earliest companies investing in and promoting this practice.”
The Washington Post article from which much of this information comes details Romney’s time at Bain in the 90s. The Post found that Bain had helped outsourcing companies invest “venture capital so they could grow and providing management and strategic business advice as they navigated this rapidly developing field” (outsourcing). Additionally, they found: “While Bain was not the largest player in the outsourcing field, the private equity firm was involved early on, at a time when the departure of jobs from the United States was beginning to accelerate and new companies were emerging as handmaidens to this outflow of employment.”
Romney, for his part, has been campaigning on keeping American jobs at home, recently telling Toledo, Ohio fence factory workers: “If I’m president of the United States, [shipping jobs overseas is] going to end.”
The article was recently challenged by the Romney campaign, who today met with the WP to ask for a retraction. Unfortunately for Romney, the Post stated post-meeting, “We are very confident in our reporting” and decided not to retract the story.
On the call, Nutter went onto tout President Obama’s record on jobs as president of the United States and specifically noted the “900 plus jobs” coming to Philadelphia with the renovation at Dilworth Plaza, as well as SEPTA station upgrades that were recently completed.
“Unfortunately, we would reverse all of that progress and much more if Mitt Romney gets his way and that means trouble for working families in this city and other cities across the state,” said Nutter.