Outsourcing spat shines light on jobs not created

To the oil and gas industry, a political spat over outsourcing must seem especially ironic. Campaign ads for President Barack Obama have been lashing Republican challenger Mitt Romney for sending jobs overseas from distressed companies managed by Bain Capital, of which the former Massachusetts governor is a cofounder. "Mitt Romney's companies were pioneers in outsourcing US jobs to low-wage countries," declares one recent television spot for Obama. Romney's campaign has retaliated by rerunning video of Hillary Clinton, now secretary of state, accusing Obama of dishonesty in her unsuccessful bid for the Democratic presidential nomination in 2008. The Romney camp says most outsour...

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