Instructions: In this task, you are given a text of many news articles seperated by special token "|||||". Your task is to summarize them.
Input: “Running for governor, Mitt Romney campaigned as a job creator. But as a corporate raider, he shipped jobs to China and Mexico. As governor, he did the same thing: Outsourcing state jobs to India.” 
  
 — Voiceover of new Barack Obama campaign ad 
  
 The Obama campaign apparently loves to ding former Massachusetts governor Mitt Romney with the charge of “outsourcing.” On several occasions, we have faulted the campaign for its claims, apparently to little avail. 
  
 Now, all of the claims have been combined in one 30-second ad, with the added incendiary charge that Romney was a “corporate raider.” Let’s look anew at this material. 
  
 The Facts 
  
 The phrase “corporate raider” has a particular meaning in the world of finance. Here’s the definition on Investopedia: 
  
 “An investor who buys a large number of shares in a corporation whose assets appear to be undervalued. The large share purchase would give the corporate raider significant voting rights, which could then be used to push changes in the company’s leadership and management. This would increase share value and thus generate a massive return for the raider.” 
  
 In other words, this is generally an adversarial stance, in which an investor sees an undervalued asset and forces management to spin off assets, take the company private or break it up. 
  
 In a previous life, The Fact Checker covered renowned corporate raiders such as Carl Icahn and his ilk. We also have closely studied Bain Capital and can find no examples that come close to this situation; its deals were done in close association with management. Indeed, Bain generally held onto its investments for four or five years, in contrast to the quick bust-em-ups of real corporate raiders. So calling Romney a “corporate raider” is a real stretch. 
  
 So how does the Obama campaign justify this phrase? It cites a single Reuters story from last August, about a campaign stop in New Hampshire, written by a stringer. Buried in the article is a reference to Romney as a “former corporate raider.” 
  
 “Reuters typically refers to Romney as a ‘former private equity executive’ or something along those lines,” said Ros Krasny, the Boston bureau chief. “Of the hundreds of times we have referenced Romney over the past year or more, honestly, that example from [the stringer] must have just slipped through the net — 10 months ago.” 
  
 A better source for Romney’s behavior as an investor might be someone who actually worked on Wall Street, such as former Obama auto czar Steven Rattner. “Bain Capital is not now, nor has it ever been, some kind of Gordon Gekko-like, fire-breathing corporate raider that slashed and burned companies, immolating jobs wherever they appear in its path,” Rattner wrote in Politico this year. 
  
 Regarding the outsourcing claims, we have frowned on these before. The Obama campaign rests its case on three examples of Bain-controlled companies sending jobs overseas. But only one of the examples — involving Holson Burns Group — took place when Romney was actively managing Bain Capital. 
  
 Regarding the other claims, concerning Canadian electronics maker SMTC Manufacturing and customer service firm Modus Media, the Obama campaign tries to take advantage of a gray area in which Romney had stepped down from Bain — to manage the Salt Lake City Olympics — but had not sold his shares in the firm. We had previously given the Obama campaign Three Pinocchios for such tactics. 
  
 The Modus Media case is also not an example of shipping jobs overseas. The company closed one plant in California and transferred the jobs to North Carolina, Washington and Utah. At the same time, it opened an unrelated plant in Mexico. The Obama campaign once trumpeted the fact that we had dinged a conservative Super PAC for making the same leap in logic. 
  
 The claim that Romney outsourced jobs as governor is equally overblown. 
  
 This concerns Romney’s veto of a bill that would have prohibited Massachusetts from contracting with companies that outsourced the state’s work to other countries. Lawmakers were especially concerned about a $160,000-a-month contract with Citigroup to operate a system of electronic food-stamp cards that included a customer phone service center in India. 
  
 Both the liberal editorial page of the Boston Globe and conservative editorial page of the Boston Herald urged Romney to veto the amendment, saying it would cost the state money. Romney agreed, saying the measure did not protect state jobs — the call center might have moved from India to another state — but “had the potential of costing our citizens a lot more money.” The Democratic-dominated Massachusetts legislature did not override his veto, even though it overturned 117 others, suggesting that there was little real support for the measure. 
  
 When the food-stamp contract expired, the Massachusetts Department of Transitional Assistance insisted that those jobs be returned to the United States. But they ended up in a call center based in Utah — just as Romney had predicted. 
  
 As we mentioned, we recounted this ancient Massachusetts history before, giving the campaign Two Pinocchios. So we were very surprised that the Obama campaign cited that critical Fact Checker column as a source for the ad in its back-up materials. 
  
 The ad also cites as a source a Boston Globe article from last month that merely reports on an earlier ad making similar charges. That’s highly circular reasoning — and is not fair play. 
  
 Upon hearing this ad was under consideration for a tough rating, the Obama campaign supplied reams of additional SEC documents regarding Romney’s ownership in Bain after he left for the Olympics, most of which we had examined previously when we first looked at this question. The campaign also supplied SEC documents showing that two of these companies, Modus and SMTC, as well as one called Stream International (a predecessor of Modus), earned money in part by helping other companies subcontract work overseas. Some of this business predated Romney’s departure from Bain, but thus far it seems a slim case for this particular ad. 
  
 “Romney can’t run from his record. At Bain and in Massachusetts, he had the chance to keep jobs in America and sent them overseas instead,” said Kara Carscaden, deputy press secretary for the Obama campaign. “Even while he was at the Olympics, Romney owned and profited from Bain, continues to profit from it today and cannot ignore what Bain did during that time. Whether it’s outsourcing public jobs to India or shipping private ones to Mexico and China, Romney’s record is clear.” 
  
 The Pinocchio Test 
  
 The Obama campaign fails to make its case. On just about every level, this ad is misleading, unfair and untrue, from the use of “corporate raider” to its examples of alleged outsourcing. Simply repeating the same debunked claims won’t make them any more correct. 
  
 Four Pinocchios 
  
  
  
 View Photo Gallery: The Fact Checker’s Glenn Kessler reviews statements of politicians for the facts behind the rhetoric. As President Obama and Mitt Romney prepare to do battle, Kessler reviews the statements that have garnered the most Pinocchios and explains the facts at hand. 
  
 (About our rating scale) 
  
 Check out our candidate Pinocchio Tracker 
  
 Follow The Fact Checker on Twitter and friend us on Facebook . 
  
 Track each presidential candidate's campaign ads 
  
 Read more on PostPolitics: 
  
 John Bryson resigns as Commerce Secretary, citing recent seizure 
  
 Eric Holder contempt vote likely cements Darrell Issa's legacy 
  
 The Fix: Is Obama baiting House Republicans? 
  
 For some incumbents, ‘Congress’ is a four-letter word ||||| Photograph by Eric Kayne/Getty Images. 
  
 Mitt Romney was booed. It was a good day for Mitt Romney. 
  
 John Dickerson John Dickerson is a Slate political columnist, the moderator of CBS’s Face the Nation, and author of Whistlestop and On Her Trail. 
  
 When the Republican nominee told the NAACP that he was committed to eliminating Obamacare, audience members shouted out. The negative reception might have been momentarily jarring to the candidate, but the moment had a political upside. It offered a chance for a candidate criticized for his malleability to look principled in the face of opposition. That might not have mattered to the audience in the auditorium, but as Romney advisers explain, this speech was not just aimed at the people sitting in their seats or African American voters in general. Like Romney's contentious visit to the largely African-American school in West Philadelphia weeks ago, this speech was aimed at rounding out Romney's image. “I believe that if you understood who I truly am in my heart, and if it were possible to fully communicate what I believe is in the real, enduring best interest of African-American families, you would vote for me for president,” he said. 
  
 Hearing this, swing voters might think Gov. Romney has a bigger heart than those mean Democratic ads claiming he sent jobs overseas. At the very least the speech, and the negative reaction it provoked, replaced the outsourcing of American jobs as the political topic of the day. That may be the biggest political benefit of all of Mitt Romney's NAACP speech: He changed the conversation. In an election that is so close, both campaigns seem less concerned about the substance of their argument than that the argument take place on favorable turf. On issues from health care to charges and counter-charges about outsourcing, both Romney and Obama are willing to endure boos, howls from fact-checkers, and even some cries of hypocrisy if it will keep the argument on the topics that do them the most political good. 
  
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 Romney was also applauded by the NAACP audience, as his supporters were quick to point out. True, but it's in their candidate's interest to get booed and to have that booing reported. Quiet golf clapping and even sustained applause would rob Romney of explaining how steadfast he is going to be in the interviews that followed. It would weaken the Daniel in the Lion’s Den story. Big deal Daniel, the lion's just purred at you. This is why, when candidate Obama in 2008 told of being grumbled at by auto executives for his position on auto emissions, he left out the part about how they gave him a standing ovation at the end of the speech. 
  
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 The boos are particularly helpful in building ties with conservatives who prize constancy in the face of opposition among all political attributes and who have specific concerns about Romney's commitment to repealing the president's health care plan. 
  
 It should be noted that the appearance of bravery is distinct from actual bravery. This was not a Sister Soulja moment, named for Bill Clinton's comments at a conference sponsored by the Rainbow Coalition criticizing a popular rap artist for contributing to the coarsening of the culture. Jeb Bush talking about his party's strict views on immigration is the closest thing to a popular GOP official challenging his base. 
  
 In this case, Romney was telling leaders of a community disproportionately lacking quality health care that legislation expanding the system is a bad thing. Romney asked the audience to see his heart, but after so quickly dismissing this policy that has deep consequences for the African-American community he offered no alternative health care vision or hint that he understood the depth of the need that Obamacare—as flawed as it may be—was trying to meet. (When Romney later suggested those who had booed simply wanted more "free stuff," that probably made it harder to see his heart.) 
  
  
  
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 Gov. Romney was also willing to endure a few uncomfortable moments when he recently declared that the individual mandate in the Affordable Care Act was a tax. That statement contradicted a senior aide who had labeled it a penalty and contradicted Romney's position as governor of Massachusetts. But it put him in sync with GOP Congressional leaders accusing President Obama of advocating a new tax. As one Republican official argued, the Romney campaign was happy to have an extended debate about the tax issue, even if it momentarily touched on Romney's possible lack of conviction, because all voters would hear was a debate about taxes. Any time the debate is about taxes, argue strategists for both parties, it's a good argument for the Republican candidate. Voters just tend to trust Republicans to give them lower taxes, which they'd prefer. Also, for Romney his pitch to independent voters who don’t like the law is that if he’s elected the tax will disappear. If Obama stays, it won’t. 
  
 President Obama is also willing to take his own hits to keep the argument on his turf. His campaign is running a variety of ads charging Romney with outsourcing jobs while the head of Bain Capital. A variety of fact-checking organizations have called the president on it, giving him the most negative ratings possible, challenging his assertions, and saying his campaign can’t back up its claims. Yet, the ads are still running. The Obama campaign is convinced the TV attacks are working because any conversation about outsourcing is one Democrats think they are going to win. The idea is unpopular and voters are likely to believe that the candidate who sells himself as a business guy and whose firm sometimes shuttered factories was the one involved in outsourcing. When Mitt Romney retaliates that Obama is the "outsourcer-in-chief," it's not likely to be that effective because voters are not predisposed to believe that of President Obama. (In addition to the fact that the charge is pretty weak.) 
  
 The Obama campaign is also running an ad making a claim about Romney’s position on abortion that is wafer-thin, as Time's Michael Scherer demonstrates. But a fight about women's reproductive issues is a fight Democrats are happy to have; it is more than worth enduring a few boos from the crowd. Though the president makes it sound like he is the overwhelming victim of negative ads, that's not so. President Obama is a long way from the 2008 candidate who used to inveigh against political game playing. Though, even at the time, Obama was willing to say one thing and do another, and his campaign ran more negative ads than any in history. |||||
Output:
The NAACP actually did Mitt Romney a favor by showering him with boos yesterday. Sure, Romney's campaign pointed out that the audience applauded as well, "but it's in their candidate's interest to get booed," argues John Dickerson at Slate. For one thing, "quiet golf clapping … would weaken the Daniel in the Lion's Den story. Big deal Daniel, the lions just purred at you." It also let Romney brag about how steadfast he was being—a big plus for the Etch-a-sketch candidate. But most importantly, those boos "replaced the outsourcing of American jobs as the political topic of the day." Both sides have learned that controlling the conversation is everything. They're "willing to endure boos, howls from fact-checkers, and even some cries of hypocrisy if it will keep the argument" on their turf. So Obama runs his outsourcing attack ads, Pinocchios be damned, and Romney calls ObamaCare a "tax," even if it means RomneyCare taxed Massachusetts. "Let them boo—as long as the message gets through." Click for Dickerson's full column.