Romney's Bain Capital Is Sending a Bunch of High-Tech Jobs to China on the Day Before the Election

[xchrom]

http://www.alternet.org/election-2012/romneys-bain-capital-sending-bunch-high-tech-jobs-china-day-election




On the day before an election that's supposed to hinge on jobs, taxes and the middle class, Bain Capital, the company Mitt Romney founded, will close the doors of a factory in Freeport, Illinois, and ship 170 good, high-tech jobs to China.

The employees of Sensata Technologies were forced to train their Chinese replacements, and the American flag that long flew over the factory was reportedly removed while the Chinese engineers were visiting the site. A group of workers have set up camp across from the factory -- calling it “Bainport” -- and some supporters have tried to block the trucks hauling equipment out of the plant. According to Dave Johnson , there have been several arrests.

Sensata workers have asked to meet with Mitt Romney and hoped to enlist his help keeping their jobs in the United States, but he has refused, instead remaining on the campaign trail where he speaks often about “getting tough” with China.

The most important part of the story is that Sensata Technologies is profitable operating in Illinois. Net income last year was $355 million, up 16 percent from 2010. The company reported total revenues of $1.8 billion in 2011, up almost 19 percent from the year before. According to a company financial statement , “both 2011 net revenue and adjusted net income represent record levels for the company.”

[OldDem2012]

1. This should find itself in an Obama Campaign ad very shortly....

...yet another wrong move by the Romney Campaign to ignore this and allow it to happen.

I feel sorry for the folks being laid-off...never a good time for that sort of thing, but right before the Holidays is the worst.

[xchrom]

2. lay offs before the holidays make my blood boil.

i don't think there is anything that makes me angrier.

[sandyshoes17]

3. China is attractive

I haven't heard any comments on this yet. But it stuck out to me. Last night mitt said china is attractive, we have to make America attractive. Does this mean we have to have the same working conditions with no safety regulations etc. I wish he could've got pressed on those words

[global1]

4. Aha - The October Surprise In November...

The President should have mentioned this example specifically last night. He made a more polite mention or insinuation.

Now the Dems and PBO need to make this Sensata a major talking point. This situation will put the final nail in Rmoney's coffin once more American People learn of this company.

[Berlum]

5. Republicans lower the flag on America

Republicans always bet against America if they can make a buck.