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To refresh your memory, the Bain-owned company, Sensata, is outsourcing Illinois jobs to China; employees want Mitt Romney to intervene. The soon-to-be-ex-workers have been forced to train their own Chinese replacements, and to add insult to injury, had to take down the American flag (added: temporarily). That’s right, Bain Capital forced Sensata to take down an American flag.
“This is a disgrace! [Mitt Romney] should lose the election just on this issue.”
“This can’t be the America we’re headed to. We’ve gotta stop this from happening.”
-- United Steelworkers’ Leo Gerard
Romney's Bain Capital did what they do best. They bought out a company called Sensata Tech and are in the process of outsourcing it to China.
They even brought in Chinese workers for the current employees to train. Yea, they were forced to train their own replacements.
And Bain Capital forced the company to take down their American flag and put up a Chinese flag while they trained them.
A Chinese flag was flying over a Bain-owned factory in Freeport, Illinois.
This is our economy if Romney wins.
Right now in Freeport, Illinois, some 170 workers at an auto sensor plant are sleeping in tents to protest Bain-owned Sensata Technology’s decision to ship their jobs to China.
The company recently made factory officials take down the American flag when they were forced to train their Chinese replacement workers, according to Tom Gaulrapp, with the United Steelworkers Union.
That's un-American, my friends.
This is taking place as Mitt Romney tries to convince people to believe that he doesn’t know about Bain's shipping American jobs overseas. He is trying to distance himself from Bain Capital, a pioneer of outsourcing where Romney made a fortune as CEO.
Another employee losing her job, Mary Jo Kerr, is a young mom of three. She's heartbroken because she can’t afford dance lessons for her daughter. Another is Dot Turner, so close to retirement, but will not receive it. Instead Dot will get just 26 weeks’ severance for 43 years of work in the plant.
Listen to their stories in the video above, and be sure to note the Chinese flag flying in front of the plant at about 1:10 into the video...in Illinois.
It took place as Chinese workers replaced U.S. workers losing their jobs.
(WASHINGTON DC) - (Link to follow up story posted below) If Mitt Romney is elected president, the American flag itself may actually be restricted from flying in the United States. That word comes from employees losing their jobs in Freeport, Illinois.
Yes, Bain Capital owns a 51.8 percent share of stock in Sensata Technologies, a company that’s closing an Illinois plant and outsourcing production to China. Bain bought out Sensata for $3 billion — years after Romney left the company — and despite what you might have read scrawled on a cardboard sign at an Occupy protest, Mitt Romney is not Bain. He and his wife reportedly own, through a blind trust, $7.8 million worth of eight Bain funds, which combined have a controlling stake in Sensata. Bain’s controlling share, however, comprises $2.6 billion worth of Sensata’s stock. So no, Romney does not own 51 percent of Sensata — not by a long shot.
In liberal math, though, two plus two equals giraffe:
Pretty devastating. The only way this could be a dud is if Obama owned stock in this company as well…
For many sophisticated and wealthy investors, as well as for ordinary workers invested in pension funds, China is a part of any diversified investment strategy. President Obama, a former Illinois state senator, has as much as $100,000 in a state retirement plan that contains shares of Sensata Technologies, the same auto parts company controlled by Bain that is closing its Illinois factory.
Oh… it would seem that this is a non-story then, right?
Not when you’re snorting bathsalts. The liberals are dedicated to spreading this smear while ignoring the obvious problems with the criticism, including the fact that one of Obama’s most prolific fundraising bundler headed Bain during the closing of GST steel, the other attempt to derail the Romney campaign with lies.
Based on the fact that Romney owns $8 million in Bain, and Bain owns 51% of Sensata, they conclude Romney is the evil puppetmaster demanding jobs be outsourced – except they don’t tell you that Bain has $65 billion in assets under management. Since Math is so hard for the side that has Biden as the intellectual center, here you go – Romney owns the equivalent of .0123% of Bain assets. Great job geniuses!
First of all, Romney no longer works for Bain.
Originally posted by babybunnies
They're only voting for him "because he's not Obama".
Originally posted by buster2010
reply to post by jibeho
First of all, Romney no longer works for Bain.
He still has quite a bit of money in Bain though. And how do we even know if he doesn't still work with them. And Obama's money is not in Bain.
Originally posted by xuenchen
So let me get this straight.
In reality, Romney has absolutely nothing to do with management decisions at Sensata's Freeport plant .... right ?
And maybe some Obama policies have allowed this to happen ... Maybe ?
And are we hearing those affected employees blaming Romney or Obama ?
Who will they vote for now ?
Originally posted by HostileApostle
reply to post by Blackmarketeer
Unfortunately this won't matter because Right Wingers don't care about people or the working class (even though most of them are in the working class).
And undecides at this point are complete morons that will base their decision on emotion rather than logic.