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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsObama's share of investment in #Sensata? $11.00
When #Sensata took over the internet last week, the republicans tried to innoculate Romney from damage by countering that President Obama himself has investments in Sensata. Thats why Romney did his in-your-face schtick during the debate about "have you looked at your pension? Have you? have you?" Turns out the Presidents total amount of investment in Sensata is $11.00 bucks.
http://www.dailykos.com/story/2012/10/18/1146401/-One-number-shows-how-ridiculous-Mitt-Romney-s-Sensata-pension-attack-against-Obama-is
There's a number that illustrates this: $11. See, the Illinois State Board of Investment, which invests for not only the General Assembly pension plan that Obama is a part of but also for the State Employee Retirement System, has a $1 million loan to Sensata. With roughly 90,000 people in the pension systems holding that loan, each of them, including former state Sen. Barack Obama, has $11 of Sensata. He can't collect that $11 until he turns 62, in 11 years.
Mitt Romney, on the other hand, got himself more than $100,000 (the maximum value of Obama's entire pension) in tax deductions for moving Sensata stock to his Tyler Charitable Foundation. That's a foundation, by the way, that's given at least $260,000 to conservative organizations including think tanks and groups working on teen abstinence, "praying away the gay," and opposition to birth control mandates.
Tennessee Gal
(6,160 posts)Another Romney attack FAIL!!
exboyfil
(17,865 posts)in Romney's portfolio is $1M.
Bozita
(26,955 posts)hedgehog
(36,286 posts)while Romney personally built his pension wiping out other people's pensions!
Justkd1
(64 posts)I am ignorant of the details of the stock ownership by Romney...$8 million is all I know...but doesn't it really matter that Bain is the perpetrator of this mess?!
freshwest
(53,661 posts)ohheckyeah
(9,314 posts)Mitt's really not very bright.
riverwalker
(8,694 posts)with Sensata workers. Gonna be good! Lets get it trending again.