Another Romney success story, investing in China not the US

In 1998, Brookside Inc., a subsidiary of Bain Capital, invested in Global-Tech Appliances days after it sent investors a document detailing the low wages it paid its workers and the low tax liability it faced, the Boston Globe reports:

It used “inexpensive labor,” Global-Tech Appliances wrote in a prospectus meant to attract investors on April 8, 1998. Its location in China meant “an overall effective tax rate that may be less than that of US corporations.” It said its current operations would not be subject to “material US taxes because it should not be considered to have significant income effectively connected with a trade or business in the US.” [...]

Nine days after the document was released – on April 17, 1998 — an affiliate of Bain Capital called Brookside Capital Partners Fund acquired about 6 percent of Global Tech, according to Securities and Exchange Commission documents that were first reported by Mother Jones magazine.

From Think Progess, all credit to them, for info only, will remove it on request.

This ought to about do it for Romney, he buys up companies here, fleeces the assets and retirement accounts, lays off, sends the work and the money to foreign sources, gets others to also invest in foreign shops rather than the US.
This is what the GOP is now, stripping assets and the future out of America, all the time screaming Obama is trying to harm us.