Romney’s Bain Closes IL Sensata Plant, Moves Jobs To China

VIDEO – Mitt Romney’s Bain Capital took over a Freeport, Illinois automobile sensor manufacturing plant (Sensata) and is closing it to move operations to China.  Bain Capital lowered the American flag when the Chinese workers arrived to be trained by U.S. employees about to lose their jobs.


This is the latest example of Mitt Romney’s Bain Capital exploiting an American business to profit by moving jobs overseas.  Mitt Romney will personally profit off of the move to ship Sensata’s jobs to China because he owns $8 million in Bain funds which hold 51% of Sensata shares.  According to his 2011 tax returns, Romney transferred $701,703 worth of Sensata stock to the Tyler Charitable Foundation, a tax-exempt nonprofit controlled by Romney.

In the first presidential debate, Mitt Romney claimed he had no idea what President Obama was talking about when the president mentioned he would close tax loopholes that benefit companies that move jobs overseas.  But in recent weeks, it has been revealed that Mitt Romney himself will receive a tax break from the profits he will receive when the Sensata plant is moved to China.

Of course, the most disgusting symbol of Mitt Romney’s and Bain Capital’s harvesting of American businesses for profit, is the fact that Bain removed the American flag outside the Freeport, Illinois plant when the Chinese workers arrived at the facility to be trained.  Then, they forced the existing American employees to train the Chinese who would be taking their jobs.  After the Chinese left, Bain replaced the American flag.

 

Comments

  1. June Hairston says:

    Unbelievable! Unbelievable! Unbelievable! Unbelievable! Unbelievable! Unbelievable! Unbelievable!

  2. David Agius says:

    Good morning.

    Just a few days left -lets vote.

    Regarding the North Face jackets that Romney/Ryan RR = Rolls Royce wore the other day at a meeting -my North Face jacket was made in San Salvador not USA.

    Dave

  3. This will be the business plan if this scumbag gets into office.How many stupid people can support
    this hump,guess what?He’s no damn good,are people too stupid to see that or is it the result of
    good old American racism.This clown had no problem making his millions by shredding companies,
    wiping out pensions and careers just so him and the other parasites could make more money.
    If this jackass gets elected and you voted for him and your job is erased,then you deserve it.
    Print the names and addresses of these bain parasites,sooner or later they have to walk out in public.

  4. Elka Zwick says:

    Let’s not forget that he’ll eliminate regulations so that activities like these can be further perpetrated.

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