General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums#Sensata tweets claiming that President Obama has shares
and is profiting from outsourcing jobs from China. Just FYI...
For many sophisticated and wealthy investors, as well as for ordinary workers invested in pension funds, China is a part of any diversified investment strategy. President Obama, a former Illinois state senator, has as much as $100,000 in a state retirement plan that contains shares of Sensata Technologies, the same auto parts company controlled by Bain that is closing its Illinois factory.
tarheelsunc
(2,117 posts)and being the co-founder and former CEO of the company that created the business model for this round of outsourcing.
justiceischeap
(14,040 posts)It's nice to know what's happening on the right and what they're pushing so we can adjust the message if need be.
Dem2TheCore
(220 posts)Individuals do not have say in how their state pensions are invested. Most don't even know the details of those investments.
And President Obama isn't invested in Bain, the company making the decision to outsource.
Apples to oranges. Stupid false equivalency.
City Lights
(25,171 posts)Lots of not-so-bright people out there who could be easily fooled into thinking Obama and Willard are the same on this issue.
It's obvious that the right wingers are nervous about this because they're trying to push the "Obama did it too!" talking point.
TwilightGardener
(46,416 posts)Edit to add: Romney IS Bain Capital. It's his baby.
Lex
(34,108 posts)Bain did.
OneAngryDemocrat
(2,060 posts)Illinois state employees are invested (with their pension fund) in Sensata, and the President served in Illinois as a state senator.
BUT...
We're NOT telling folks to divest from the company... which is the only thing President Obama could possibly do, owning so little interest in the company.
Divesting from the company is, in fact, the LAST thing we want to see.
We want the plant in Freeport to stay in Illinois and remain a profitable American company.
President Obama's stake in the company is probably less than 1% of 1%, while Mitt Romney controls a full 51%.
That's why we're badgering the Massachusetts Governor instead of the former Illinois state senator.
BAINPORT ON FACEBOOK @ https://www.facebook.com/#!/save.ourjobs.1 AND ONLINE @ http://www.bainport.com
OldDem2012
(3,526 posts)Floyd_Gondolli
(1,277 posts)Which is why this doesn't do a lot for me as an issue to be used against Romney. The Republicans will simply say Obama owns some too, and low info people would view it as a wash.
Barack_America
(28,876 posts)That was successful and employed Illinois workers BEFORE Bain decided to outsource the jobs to China?
What the hell kind of argument do they think they're making here? Faulting the pension for investing in a company that employed its citizens?
And the attempt to tie Obama to the decision to profit by outsourcing the jobs is pitiful. Please people, we all know that this kind of shit is what made Romney his millions. Stop trying to deflect his sins on others.
justiceischeap
(14,040 posts)Remember, the right often doesn't get nuance.
Barack_America
(28,876 posts)Willful ignorance will be the death of this society.
Lex
(34,108 posts)before Bain cannibalized it.
rainanna 14
(13 posts)Dawgs
(14,755 posts)Lex
(34,108 posts)I bet it was just a regular American auto parts company at that point.
riverwalker
(8,694 posts)She is worried, we have picked open a festering scab. She is in full blown freakout mode, so we ARE ON TO SOMETHING!! . They are trying the Rove thing of trying to turn it around to hurt us.
Read #sensata one-man truth squad @SooperMexican -
Michelle Malkin?@michellemalkin
READ this on #sensata ==>
Michelle Malkin?@michellemalkin
SEIZE THE NARRATIVE. CARPE NARRATIVE. Obama invested in #Sensata, did nothing for 4 yrs
Michelle Malkin?@michellemalkin
Not if you know full story & help set the lapdogs straight. RT @rickykirk: @michellemalkin Do you think #Sensata will hurt Romney?Michelle Malkin?@michellemalkin
The progs going nuts about #Sensanta are SILENT on Obama auto bailout $ going to China, Russia, Mexico, Manchester UK
Michelle Malkin?@michellemalkin
ICYMI last nite: Newest nail in Romney campaigns coffin, #Sensata, has Obama connection ==>
City Lights
(25,171 posts)formercia
(18,479 posts)Looks like she reads DU too.
Sorry Michelle, but the Narrative left the Station Days ago.
we can do it
(12,185 posts)don't deserve my time or attention.
justiceischeap
(14,040 posts)It's important to show the difference.
OldDem2012
(3,526 posts)....that will have zero impact on the election.
You do realize they want you to waste your time on this, don't you?
Lex
(34,108 posts)so there's something to it.
formercia
(18,479 posts)Mitt is screwed.
drm604
(16,230 posts)It's not a matter of what they deserve.
we can do it
(12,185 posts)not calling you out, just sayin' its pretty much impossible.
Lone_Star_Dem
(28,158 posts)Using stock in a state pension plan, from a company with a local presence is wrong how?
Avalux
(35,015 posts)Hahaha! He didn't pick those shares of Sensata, if that's the case. Really, really lame.
But in true Republican fashion, they'll try (and may even succeed with the media's help), in equating that to Romney's active OWNERSHIP of the company.
rainanna 14
(13 posts)Rider3
(919 posts)This was an IL company that Obama invested in. How the hell would he know that Rmoney would eventually buy them out and ship the jobs to China? Does he have ESP? I think not!
formercia
(18,479 posts)This is why we have to get on their case about it.
We are ahead of the Narrative...don't let them win by default.
Obama made no decision, or likely even knew the Pension Fund bought and owned the shares.
Cha
(297,242 posts)and LIES are all they have.
The Social Media dealing in Reality needs to Tweet MORE FACTS ON romney/bain/American workers Lose to Chinese Labor