Mitt Romney, will his GREED never end? Watch out America, he’ll only boost his bottom line.
Posted on : 14-10-2012 | By : vlramirez | In : Mitt Romney
Tags: Bain Capital, BainPort.com, David Firestone, DemocraticUnderground.com, Finance.Fortune.CNN.com, GlobalLabourRights.org, Jacob Sayer, Koch Brothers, Mitt Romney, New York Times, Paul Harris, Sensata, The Guardian, United Steel Workers
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The GREED of Mitt Romney, and his political backers like the Koch Brothers, astounds me. They will do absolutely anything they have to, no matter who it hurts or kills, to increase their own bank accounts.
Make no mistake, the Koch Brothers want to get rid of environmental regulations so that they can willingly spew poison into our air and water supply. Environmental protections are there for a reason, to protect the American public from unscrupulous business practices. It costs less money to poison you than it does to protect you. These companies are already making record profits, but it’s never enough.
Please tell me when enough is enough. Wouldn’t you think that having more money than you can spend in 100 lifetimes would be enough?
Mitt Romney thinks nothing of shipping American jobs overseas, raiding pension funds for his own profit and doing business in foreign countries to avoid paying his fair share of taxes.
Is this the man you want for President? Are you willing to put him in a position of influence over financial regulations knowing his only priority is his own bottom line?
Are willing to put him in charge of Environmental regulations knowing he owes over $400 million dollars worth of favors to the Koch Brothers?
Per David Firestone of The New York Times
“…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.”
Greetings from Bainport, Illinois
We’re workers at Bain Capital-owned Sensata, 2520 Walnut St, Freeport, Illinois. We’re fighting to save our jobs from being shipped to China by the end of this year. We are calling on Mitt Romney to come to Freeport, IL and we will camp across the street from our plant for as long as it takes!
For more information or to get involved email us at cnkwin2@gmail.com
To send us some pizza love call Logan’s Bar & Grill (815) 232-4592
Sign our petition here: http://bainport.com/petition
Romney’s Bain Selling Out American Workers to China (DemocraticUnderground.com)
UPDATED: Sensata Story Will Destroy Romney -Romney’s Bain Currently Selling Out US Workers to China
UPDATE #5:
PDF of the report that shows wage calculations for those in China and pictures of the factory in China. Download and save and send people, this is crazy stuff.
Update #10
Was Sensata technologies in trouble? No, it was doing great. But they wanted more money. Read the report below to find out the truth
Bain Capital was founded by Mitt Romney in 1984 as a global private investment firm. Sensata Technologies, a Bain affiliate, was formed in April 2006 when the company purchased Texas Instruments’ sensors and controls division for $770 million. Just four years later, by 2010, Bain’s original investment had quadrupled to $3.2 billion, we believe largely due to outsourcing.
In 2011, when Bain and Sensata executives informed the Freeport workers, somewhat cavalierly, that they would be terminated in November 2012 and went on to explain that they were temporarily leasing the factory but were purchasing the machinery and the workers’ skills to train Chinese engineers before the work was shipped to China.
In fact, Mr. Jacob Sayer — a Sensata spokesperson, said they were closing the Freeport plant in order to cut costs. Mr. Sayer went on: “If that had not been part of the strategy, then the deal would not have been so attractive.” When questioned by Paul Harris of The Guardian (August 10, 2012), the same spokesperson refused to comment, saying “We don’t have a statement on the impact it has on Freeport.”
Bain and Sensata executives did not have a lot of time to talk about the 170 workers being terminated at the Freeport plant. The executives have had more pressing issues, such as setting up 12 Sensata/Bain capital funds “organized under the laws of the Cayman Islands” so as to avoid paying taxes.