Freeport Illinois Senata Plant & Romney's Idea of Jobs
phobicsquirrel
Everyone, Registered Users Posts: 7,349
"The company that Mitt Romney founded, Bain Capital, took control of Sensata Technologies in 2006. Bain Capital announced earlier this year that it would close the plant in Freeport, Illinois and layoff 165 workers there."
"Under Bain’s ownership the company closed a major operating plant in Freeport, Illinois, relocated the jobs to Beijing and forced workers to train their Chinese replacements. While those replacements were in town, the company removed the American flag flying in front of its factory and the displaced workers camped outside of the factory were arrested. "
This is a guy who is very close to being president. And where is the media over this! Just like they never mention how his state fared during his governorship, however he's the man for the job.
http://www.ukprogressive.co.uk/mitt-romneys-china-syndrome-sensata-jobs-and-compassionate-conservatism-part-two/article20418.html
http://www.examiner.com/article/mitt-romney-s-bain-capital-outsourcing-illinois-jobs-freeport-to-china
Comments
There's not a lot of places out there that publish stuff like this. Sure those places aren't "non-partisan" however try and find out that they are wrong? That's the stuff. No one own's the truth, it's just that the liberal's are usually in that direction. Hate to break this to you, but journalism is pretty much dead in everyday media. Then again people actually bought Romney BS on the 1st debate.
If it wasn't for the GOP blocking pretty much everything things would be better however the prez can't pass bills, that's the congress/senate. Things are better than when your last guy was in, however it takes longer to fix things than too destroy them.
Really, Freeport, IL? Or maybe
Sensata Technologies Baoying Co. Ltd.
9 East Taishan Road
Baoying Economic Development Zone
Baoying, China #225800
Phone: 86-514-8887-3000
Fax: 86-514-822-8467
Secondly, please put down the Marx and Lenin for a little while. Then take a Macroeconomics course. Then take another. Then take a Microeconomics course. Then take another. Then take a Production Management course. Then take another.
Then hopefully you will understand that you have to learn to compete in a global market. You can't wave a magic wand and say we're going to do what makes us feel good and 'force' it on the market. It will fail (see Solendra, A123 Systems, and all of the stimulus money which created nothing economically sustainable). If you force companies to use more expensive labor in the U.S. unconditionally without studying each situation, then you'll have to block imports of competing products which would obviously be cheaper by several orders of magnitude; otherwise, the American made products would never be able to compete pricewise. i.e. you'll pay $3,000 for your precious iPhone et al (another thing I don't understand, all these Apple stickers next to people's Obama stickers on their Hondas. Think about it). Not to mention the other global trade ramifications of policies made to halt free trade.
If you do the above, your company will go out of business anyway, and you'll lose all wealth once generated by said company. If you outsource the labor to cheaper markets, you actually spread some of the wealth around (sound good liberals?) while keeping ownership solvent and in the USA. It sucks, but that's the world we live in today, and it ain't Bush's fault, it ain't Obama's fault, it just is what it is. Businesses are in business to make money, and there's not one damn thing wrong with that. We're not going to lead the world in cheap labor. Be thankful. We need to lead the world in ingenuity. Cramming pie-in-the-sky ideas on the free market which were thought up by bureaucrats with ZERO business experience is a recipe for failure on an epic scale.
AHAHAAHHAHAHAHAHAHAHHHAAHAHHAHAHA
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LOL AT LIBRALS!!!!
Life under Gov. Romney (probably why he's losing his state now and got ran out of town after 1st term)
1. Ranked 47th in job growth
2. Suffered the second-largest labor force decline in the nation
3. Lost 14 percent of its manufacturing jobs
5. Piled on more debt than any other state ... just to name a few.
And Duval Patricks first month in office he bought $$25,000 in curtains for his office and a Cadillac for his wife.... Ohh yea.... we here in Mass are much better off.
And Dont let these facts get in your way phobic but you my want to read into this a little better.....
When he announced his candidacy for the 2006 gubernatorial election in Massachusetts, Patrick was initially seen as a dark horse candidate, but ultimately won the Democratic primary against veteran politicians Thomas Reilly and Chris Gabrielli. He went on to defeat Republican Lieutenant Governor Kerry Healey in the general election,....... So Phobic...... You see how far off you are? IF not keep reading.... you may enjoy the truth
Romney won the 2002 gubernatorial election in Massachusetts, and as Governor helped develop and enact into law the Massachusetts health care reform legislation, the first of its kind in the nation, which provided near-universal health insurance access through state-level subsidies and individual mandates to purchase insurance. He also presided over the elimination of a projected $1.2–1.5 billion deficit through a combination of spending cuts, increased fees, and the closure of corporate tax loopholes. Romney did not seek re-election in 2006, instead focusing on his campaign for the Republican nomination in the 2008 U.S. presidential election.
Did he get RUN out Phobic... really..... Get a clue man and stop spewing lies and nonsense or do you think we are to stupid to look into facts?