Jobs, Outsourcing | featured news

The Washington Post is standing by its reporting on Bain Capital’s outsourcing under Mitt Romney, and will not retract a recent story despite complaints from the Romney campaign.

The attack is the latest iteration of President Obama’s attempts to demonize Mitt Romney over his tenure at Bain Capital.

President Obama ripped Mitt Romney today over a report that the Republican's private equity firm invested in companies that moved jobs out of the United States to low-wage countries. "We do not need an outsourcing pioneer in the Oval Office," Obama said during a fundraising speech in Tampa, Fla. "We need a president who will fight for American jobs."

End tax breaks that reward some U.S. companies with overseas subsidiaries and encourage those businesses to create jobs in other countries, President Barack Obama is telling Congress.

The Senate on Tuesday blocked tax legislation that would have punished U.S. firms that export jobs. But the political symbolism of trying to save American jobs, not passing a bill, was the Democrats' closing argument on the economy in the waning weeks of the congressional elections.