ROMNEY CAMPAIGN RESPONDS TO "BAINPORT"
Source: WIFR
The Mitt Romney campaign is responding to Freeport's "Bainport" tent community.
Dozens of Sensata workers whose jobs are being outsourced to China are protesting across the street from the factory, camping out in a tent community they're calling "Bainport". Protesters say they will be living in "Bainport" until Mitt Romney comes to discuss the outsourcing of jobs in America.
"Governor Romney has not worked at Bain Capital for over a decade, but for four years President Obama has been presiding over an economy that is creating too few jobs and sending more jobs overseas. Despite the President being invested in Sensata through his personal pension fund, and the government owning a major Sensata customer in GM, President Obama has not used his powers to help this situation in any way." ~ Curt Cashour, Romney Campaign Spokesman
Read more: http://www.wifr.com/home/headlines/Romney-Campaign-Responds-to-Bainport-Story-170918111.html
Mitt Romney is the majority shareholder in Bain Capitol, which owns Sensata. It is true that Romney is no longer the CEO of Bain Capitol - but as the company's majority shareholder HE CAN FIRE THE CEO. This idea that Mitt "can't do anything..." is a pure right-wing bull.
He can, but chooses not to.
Adding insult to injury, the Romney campaign has childishly justified their inaction by suggesting that the President shares the blame because his pension as a State Senator holds Sensata stock in it's portfolio - a portfolio that individual state pensioners have little control over, and misses the point: no one wants Sensata to take an economic hit because they are sending jobs to Communist China.
We want those jobs to stay here!
"It's OK to send 170 American jobs to Red China because this other guy hasn't divested" is a crap excuse.
But it is the excuse Mitt Romney is using.
The answer is NOT to have ANYONE divest from Sensata - but to have Mitt pick up the phone, and stop this move overseas and keep Sensata an American company!
Please visit http://www.bainport.com to learn more about the plight of the 170 employees whose jobs Mitt Romney is sending to Red China, or go to Amy Goodman's Democracy Now! interview with the hard working folks Mitt Romney is putting out on the street @ http://www.democracynow.org/2012/9/20/bainport_a_taste_of_the_romney.
Historic NY
(37,449 posts)Heather MC
(8,084 posts)Wow what an ASS
Voice for Peace
(13,141 posts)I don't know. It seems like something we'd be hearing more about.
OneAngryDemocrat
(2,060 posts)Both MSNBC's Big Ed Schultz and Lawrence O'Donnell reported on it, Amy Goodman from Democracy Now! reported on it, and it's not a secret.
Voice for Peace
(13,141 posts)but I am poor at information recall. I have no problem remembering his lack of integrity.
hexola
(4,835 posts)Its like Rmoney is campaigning against himself...more so than Obama!
Why on earth would their team bring attention to this...?
Stewland
(163 posts)While he blasts Obams about the poor job climate he is connected to a company known for its opportunistic ways. If this man becomes POTUS he will only encourage more outsourcing as this is the way they deal with working people. I am not going to be fooled by this stuffed shirt.
calimary
(81,240 posts)Good point. NOBODY should be fooled by this stuffed shirt!
Glad you're here - we need you. There's an election to win.
Now get to work.
aint_no_life_nowhere
(21,925 posts)and no annual meetings or filed operating agreement (defining ownership interest percentages, management roles, shareholder meetings) for that type of entity is required under law. Without having to specify the rules of operation, they can basically say it operates in any way they want, whether or not it's the truth.
jonesgirl
(157 posts)They are taking "the Bain bus" to Romney's campaign headquarters.
Again, Romney is blaming President Obama. We gotta head him off at the pass!
OneAngryDemocrat
(2,060 posts)Sensata workers are giving it to our local Reps, big time.
jonesgirl
(157 posts)OneAngryDemocrat
(2,060 posts)Last edited Thu Sep 27, 2012, 09:23 PM - Edit history (1)
It's been a process. First they petitioned the company themselves, to no avail.
Then they asked our Congressman at the time (Don Manzullo (R)) to intervene before the district was gerrymandered. Manzullo wrote a letter begging the company to stay, and when the company laughed at him, Don blinked, and didn't do a damn thing in response.
Then, following the redistricting of the area into a new congressional district, the workers petitioned our new congressman (Bobby Schilling (R)) to step in, and he, too, wrote a letter to the company asking them to stay.
Apparently it doesn't occur to our local legislators to... you know, LEGISLATE, 'cause the company laughed at Schilling, and he blinked and didn't do a damn thing in response, either.
This was followed up by a letter from the Mayor (George Gaulrapp (D)) promising the company the moon and the stars if they'd stay, and, again, the company told him to go fuck himself.
That leaves ONLY Mitt Romney - as the majority shareholder - as the last resort, the Sensata's board of directors and CEO having made their position very clear.
calimary
(81,240 posts)Glad you're here! We need you - and thanks for this. We don't have this thing nailed down yet.
Now get to work.
Happyhippychick
(8,379 posts)lunatica
(53,410 posts)Just like the Republicans look at an empty chair and see Obama sitting in it.
heaven05
(18,124 posts)if he steals the election, america will be outsourced along with wage earners who will have to go to china to get a job. Hell that's not farfetched, Mexicans and central americans have been coming here for jobs for decades. We'll have figure out how to get past the armed gaurd towers and barbed wire, but no worries american ingenuity always wins out.
reflection
(6,286 posts)but I don't mind looking dumb if I learn something.
How does Romney know what Obama is personally invested in? Are the pension plans of State Senators in the public record to review? They must be, I suppose, for this lame charge by Romney to be true.
OneAngryDemocrat
(2,060 posts)State pensions are public information. I'm sure Romney's opposition researchers know when the President poops.
reflection
(6,286 posts)patrice
(47,992 posts)louis-t
(23,292 posts)so they can eat.
Canuckistanian
(42,290 posts)Just for giving them a loan.... that's nearly paid back now?
Then by that logic, the government ALSO owns THESE:
Date Financial Institution City State Amount
10/28/2008 Wells Fargo & Co. San Francisco Calif. $25,000,000,000
10/28/2008 State Street Corp. Boston Mass. $2,000,000,000
10/28/2008 Bank of America Corp.1 Charlotte N.C. $15,000,000,000
10/28/2008 JPMorgan Chase & Co. New York N.Y. $25,000,000,000
10/28/2008 Citigroup Inc. New York N.Y. $25,000,000,000
10/28/2008 Morgan Stanley New York N.Y. $10,000,000,000
10/28/2008 Goldman Sachs Group Inc. New York N.Y. $10,000,000,000
10/28/2008 Bank of New York Mellon Corp. New York N.Y. $3,000,000,000