Home
I know, I know, Romney has nothing to do with the day to day running of Bain Capital but he set up the business model they are still using and taught them how to operate. This is a classic example of short term profits with long term consequences for the workers in Illinois.
Does this looks like a patriotic business model? One problem with the global corporate/financial system is these guys have no country.
Why would anyone vote for a man who has 100K in his 401K plan, money off shore to avoid paying into the Treasury of the United States of America? I mean, sure, we all take our deductions but I for one don't have any accounts in the Bahamas. I think that sort of thing coupled with job outsourcing is just not the best thing for this country's economy. Might be good for Mitt but not for the rest of us.
Romney's Bain Capital Is Sending a Bunch of High-Tech Jobs to China on the Day Before the Election
The story of Sensata Technologies is about the hollowing out of America's economy by a rapacious 1 percent.
The most important part of the story is that Sensata Technologies is profitable operating in Illinois. Net income last year was $355 million, up 16 percent from 2010. The company reported total revenues of $1.8 billion in 2011, up almost 19 percent from the year before. According to a company financial statement , “both 2011 net revenue and adjusted net income represent record levels for the company.”
As Tom Gaulrapp -- a lifelong resident of Freeport and 33-year employee of Sensata – told the Huffington Post's Amanda Terkel, “They're still using his business model. He's the one who taught them how to do this. These guys were put there by him. So you can say he doesn't run the day-to-day operations, but he's still at blame for the way they do business."
http://www.alternet.org/election-2012/romneys-bain-capital-sending-bunch-high-tech-jobs-china-day-election?page=0%2C0&akid=9538.310455.OGdGJL&rd=1&src=newsletter728438&t=7
Does this looks like a patriotic business model? One problem with the global corporate/financial system is these guys have no country.
Why would anyone vote for a man who has 100K in his 401K plan, money off shore to avoid paying into the Treasury of the United States of America? I mean, sure, we all take our deductions but I for one don't have any accounts in the Bahamas. I think that sort of thing coupled with job outsourcing is just not the best thing for this country's economy. Might be good for Mitt but not for the rest of us.
Romney's Bain Capital Is Sending a Bunch of High-Tech Jobs to China on the Day Before the Election
The story of Sensata Technologies is about the hollowing out of America's economy by a rapacious 1 percent.
The most important part of the story is that Sensata Technologies is profitable operating in Illinois. Net income last year was $355 million, up 16 percent from 2010. The company reported total revenues of $1.8 billion in 2011, up almost 19 percent from the year before. According to a company financial statement , “both 2011 net revenue and adjusted net income represent record levels for the company.”
As Tom Gaulrapp -- a lifelong resident of Freeport and 33-year employee of Sensata – told the Huffington Post's Amanda Terkel, “They're still using his business model. He's the one who taught them how to do this. These guys were put there by him. So you can say he doesn't run the day-to-day operations, but he's still at blame for the way they do business."
http://www.alternet.org/election-2012/romneys-bain-capital-sending-bunch-high-tech-jobs-china-day-election?page=0%2C0&akid=9538.310455.OGdGJL&rd=1&src=newsletter728438&t=7
