Sensata Technologies and BAIN Capital

[funjumper101 15]

How nice. Another rape and pillage of a profitable company by BAIN.

I am sure that the usual suspects will be right quick to defend this action. After all, it is the modern American way, now that the laws were rewritten to make this kind of thing both legal and profitable. Right Wing Conservatives cannot discern between right and wrong, only legal and illegal.

Here is a hint, it used to be written into the law to force black folks to ride in the back of the bus, and make them give up their seats to any white person who wanted it. Think it over and maybe y'all might start to get a clue as to how to tell the difference between legal, and morally correct.

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Sensata Technologies is a Bain Capital owned company in Freeport, IL.

Bain Capital is the Romney created firm that takes over businesses and outsources them to China for huge profit.

Bain Capital owns Sensata, so of course, Bain is shipping Sensata to China on November 5th, one day before the Presidential election. Thats what Bain does.

Not only will 170 Sensata employees lose their jobs, but they were forced by Bain to train their Chinese replacement workers who will be taking their jobs.

Sensata employees claim that while they were forced to train their replacement employees, Bain also forced them to take down their American flag while doing so.

I mean, of course... you don't want the American flag staring you in the face while you're sending American jobs to China. You don't want to feel guilty or anything. Thats capitalism, right?

The employees of Sensata, in an effort to save their jobs, have been camping out in protest in front of Sensata Tech in Freeport, IL.



So that is the situation, but how is Mitt Romney involved in this? We know that he created Bain Capital and got filthy rich doing this exact same thing, but didn't Mitt leave Bain Capital 10 years ago? How is he involved?

This is where facts are very important.

Yes. Romney did leave Bain Capital 10 years ago. He left in the sense that he does not work for Bain anymore and does not make decisions.

Romney's investments however are still with Bain Capital and to this day he still makes money from their actions, including when they send companies overseas. Romney is still making money from this while he is running for President.

Mitt Romney owns $8 Million in Bain Capital funds that holds 51% of Sensata shares. So Romney still owns half of Sensata and will profit from the company being sent to China.

Remember during the 1st Presidential debate when Romney said that he has never heard of a tax break for sending jobs overseas and acted like Obama was a moron for even bringing it up?

Well guess what... Shocker: He lied!

As those words were coming out of Romney's lying mouth he was getting a tax break for Sensata being sent overseas.

The Sensata workers have begged Romney to help them. Having so much power within Bain and owning 51% of it's shares, I'm sure Romney could pull some strings and make some calls and stop Sensata from being outsourced. Instead he has ignored their pleas and the Romney Campaign has even called the police on them when they tried to get a letter to Romney.

Sensata Technologies is set to close it's doors on November 5th, One day before the Presidential election where Mitt Romney will ask for your vote to control our Entire economy.



So yea... a man currently running for President of the United States will profit from a company being shipped overseas and ignores the pleas of the workers as he promises you that he'll create jobs here and bring back jobs from China.

This story is very damning to Romney and could destroy his chance of becoming President if this story gets big enough.

If Mitt Romney is not only accepting this behavior but profiting from it right now, not 10 years ago but right now, what makes anyone think he would change if elected President?

This story, while about Romney is also bigger than him. Getting this story out is not just about exposing Romney for who he truly is. It is more about helping the 170 workers of Sensata who by no fault of their own will lose their jobs so that Romney and friends can make a little more money.

How can Mitt Romney stand on a stage and tell people he'll be tough on China when the day before the election he will make money from sending jobs to China?

[matthewcline 0]

Same Bain Capital that had BOD Members donate to the POTUS 08 Campaign and this one as well?

You do seem bitter at those who have somehow done better than others.

Dislike them for being Politicians, less hypocrisy that way. Since neither is with out their issues and failures.

Matt

An Instructors first concern is student safety.
So, start being safe, first!!!

[loumeinhart 0]

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they were forced by Bain to train their Chinese replacement workers who will be taking their jobs.

Forced? I would have walked out

[1969912 0]

Did you read that on your Chinese-made cellphone? Computer? TV?

"Once we got to the point where twenty/something's needed a place on the corner that changed the oil in their cars we were doomed . . ."
-NickDG