"According to The New York Times, Romney could stand to profit off of the Sensata outsourcing. “In addition, Mr. Romney’s generous retirement agreement ensures that he continues to profit from the deals and decisions that Bain makes. He owns about $8 million worth of Bain funds that hold 51 percent of Sensata’s shares. If Sensata saves money by closing the Freeport plant, that could add money to Mr. Romney’s trust accounts, now or after the election.”
Mitt Romney has made vast sums of money off outsourcing, so does anyone really believe that he will crack down on China and stand up for American jobs? Romney’s business experience has taught him that outsourcing is a good thing, so why would he ever be in true opposition to something that has been so personally lucrative to him?"
Sensata Workers Are Living Proof that Romney’s Tough Talk on China is Worthless
By: Jason EasleyOctober 13th, 2012
Mitt Romney is running around Ohio talking tough about China today, but one place he won’t go near is Freeport, IL where the Bain owned Sensata Technologies is sending 170 jobs to China.
During campaign stops in Ohio today, Romney said, “It’s time for us to stand up to China for their cheating. It’s got to stop. We’ve got to get those jobs back and make trade to be fair.”
In a statement, Obama campaign spokesman Danny Kanner responded to Romney’s tough talk, “Mitt Romney’s talking tough, but his record and his policies show he’s anything but when it comes to China. Mitt Romney called the President’s aggressive action on behalf of American tire workers ‘decidedly bad for the nation.’ As a corporate buyout specialist, he invested in companies that were pioneers in outsourcing to low-wage countries like China.
And now, while President Obama would close tax loopholes that reward companies for shipping American jobs overseas, Mitt Romney’s tax plan could create 800,000 jobs outside of America. That’s not a candidate who would be tough on China as president – that’s a candidate who thinks sounding tough will win him votes.”
The best way to understand Romney’s real attitude towards China, is to watch the workers at the Sensata plant tell their story:
As one worker put it, “Before I ever knew anything about Bain Capital, I actually kind of liked Mitt Romney. You know, I thought, okay, he is going to create jobs. He is going to, you know, save America, so when I found out about this, it’s like okay, you really aren’t doing what you say you’re going to do. You aren’t going to create American jobs because the companies that you profit off of are sending jobs, and you’re not doing anything about it.”
According to The New York Times, Romney could stand to profit off of the Sensata outsourcing, “In addition, Mr. Romney’s generous retirement agreement ensures that he continues to profit from the deals and decisions that Bain makes. He owns about $8 million worth of Bain funds that hold 51 percent of Sensata’s shares. If Sensata saves money by closing the Freeport plant, that could add money to Mr. Romney’s trust accounts, now or after the election.”
Mitt Romney has made vast sums of money off outsourcing, so does anyone really believe that he will crack down on China and stand up for American jobs? Romney’s business experience has taught him that outsourcing is a good thing, so why would ever be in true opposition to something that he has been so personally lucrative to him?
It is simple common sense.
Don’t listen to the words coming out of Mitt Romney’s mouth on the campaign trail. Look at his actions when he wasn’t running for president. Those actions speak volumes, and reveal that for American workers, Romney is a wolf in sheep’s clothing.
Mitt Romney’s tough talk on China is worthless, when his deeds prove that he is adding to his fortune by selling out American workers and outsourcing their jobs.
Romney actions speak much louder than his hollow and insincere words to America’s workers. The workers at the Sensata plant are living proof that Mitt Romney is no friend of the American worker.
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