Of course there is nothing wrong with investing in businesses and other ventures in other countries. The whole idea is to demonize Mitt Romney because he is wealthy. The Kennedy’s, Feinstien’s and Kerry’s are loaded too, but they are Democrats so we don’t talk about that…..
House Minority Leader Nancy Pelosi who has also been actively criticizing Romney’s business dealings has herself made millions from foreign investments. For instance, her 2011 financial disclosures listed an income up to $5 million from an international capital group that specializes in Asian investments.
Even more hypocritical of Pelosi is the fact that she invested in Moduslink Global which just so happens to be one of the outsourcing companies linked to Bain Capital and Mitt Romney. Oh, Nancy, can we say pot calling the kettle black?
On the heels of The Weekly Standard’s report yesterday that DNC chair Debbie Wasserman Schultz — a vocal critic of Mitt Romney‘s investing practices, had herself dabbled in the foreign markets — we can add Nancy Pelosi to the list of prominent Democrats to profit from overseas investments.
According to Pelosi’s 2011 financial disclosure statement, the Democratic House Minority Leader received between $1 million and $5 million in partnership income from ”Matthews International Capital Management LLC,” a group that emphasizes that it has a “A Singular Focus on Investing in Asia.” A quick trip to the company website reveals a featured post extolling the virtues of outsourcing.
“Designed in California, Made in Manila” sounds like an excellent title for a smear ad to be run the by the Barack Obama campaign. Instead, it appears to be Nancy Pelosi’s investment strategy.