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justiceischeap

(14,040 posts)
Mon Oct 15, 2012, 11:53 AM Oct 2012

#Sensata tweets claiming that President Obama has shares

and is profiting from outsourcing jobs from China. Just FYI...

http://www.nytimes.com/2012/10/10/us/politics/as-romney-repeats-trade-message-bain-maintains-china-ties.html?pagewanted=all&_r=0

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.
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#Sensata tweets claiming that President Obama has shares (Original Post) justiceischeap Oct 2012 OP
Big difference between that being part of his portfolio that he probably doesn't even know about tarheelsunc Oct 2012 #1
I agree but we should be aware that this is happening. justiceischeap Oct 2012 #2
This, exactly Dem2TheCore Oct 2012 #4
Very true, but let's hope the unwashed masses understand that difference. City Lights Oct 2012 #15
Obama's money is in a state retirement plan. TwilightGardener Oct 2012 #3
Just because he has shares in the company, HE didn't decide to outsource the co. to China. Lex Oct 2012 #5
Obama does, as a State Pensioner, BUT... OneAngryDemocrat Oct 2012 #6
Come on...Obama has no control over a fund administered by somebody else. nt. OldDem2012 Oct 2012 #7
Nuance is lost on some Floyd_Gondolli Oct 2012 #22
They're faulting the pension for investing in an Illinois company? Barack_America Oct 2012 #8
I think, they think, it's a tit for tat scenario justiceischeap Oct 2012 #11
The right will always be fools because they have no desire not to be. Barack_America Oct 2012 #19
Exactly. It was an American company Lex Oct 2012 #13
LOLOLOLOLOLOLOLOL!!!!!!!!!!!!!!!!! rainanna 14 Oct 2012 #9
Someone is scared. Kind of like, 'Biden was mean to Ryan' Dawgs Oct 2012 #24
When the state retirement fund bought shares in it, it WASN'T being dismantled and moved to China Lex Oct 2012 #10
started by Michelle Malkin riverwalker Oct 2012 #12
Well that explains a lot! eom City Lights Oct 2012 #18
"..SEIZE THE NARRATIVE. CARPE NARRATIVE." formercia Oct 2012 #33
Idiots who don't know the difference between controlling interest & shares in employees pension fund we can do it Oct 2012 #14
I think if any of us are on Twitter though, we need to push back on this meme. justiceischeap Oct 2012 #17
Feel free to do whatever you want to defend against an "issue".... OldDem2012 Oct 2012 #23
I don't think it's a waste of time. It sure has the Republicans worried Lex Oct 2012 #25
They saw the size of the Anvil coming at them formercia Oct 2012 #27
If they vote, they need to be informed of that difference for the sake of the rest of us. drm604 Oct 2012 #28
Have you tried explaining anything to anyone who watches and believes FauxNoiz? we can do it Oct 2012 #31
I see that as the state of Illinois supporting a local company Lone_Star_Dem Oct 2012 #16
"state retirement plan" Avalux Oct 2012 #20
.... rainanna 14 Oct 2012 #21
OK... Rider3 Oct 2012 #26
It was the Pension Fund that Obama is a beneficiary to. formercia Oct 2012 #29
Of course, there are bullshit tweets like that.. this is WAR Cha Oct 2012 #30
..and Michelle Malkin is Tokyo Rose. formercia Oct 2012 #32

tarheelsunc

(2,117 posts)
1. Big difference between that being part of his portfolio that he probably doesn't even know about
Mon Oct 15, 2012, 11:54 AM
Oct 2012

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)
2. I agree but we should be aware that this is happening.
Mon Oct 15, 2012, 11:55 AM
Oct 2012

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)
4. This, exactly
Mon Oct 15, 2012, 11:58 AM
Oct 2012

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)
15. Very true, but let's hope the unwashed masses understand that difference.
Mon Oct 15, 2012, 12:07 PM
Oct 2012

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.

OneAngryDemocrat

(2,060 posts)
6. Obama does, as a State Pensioner, BUT...
Mon Oct 15, 2012, 11:59 AM
Oct 2012

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

 

Floyd_Gondolli

(1,277 posts)
22. Nuance is lost on some
Mon Oct 15, 2012, 12:17 PM
Oct 2012

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)
8. They're faulting the pension for investing in an Illinois company?
Mon Oct 15, 2012, 12:02 PM
Oct 2012

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.

Barack_America

(28,876 posts)
19. The right will always be fools because they have no desire not to be.
Mon Oct 15, 2012, 12:10 PM
Oct 2012

Willful ignorance will be the death of this society.

Lex

(34,108 posts)
10. When the state retirement fund bought shares in it, it WASN'T being dismantled and moved to China
Mon Oct 15, 2012, 12:03 PM
Oct 2012

I bet it was just a regular American auto parts company at that point.

riverwalker

(8,694 posts)
12. started by Michelle Malkin
Mon Oct 15, 2012, 12:04 PM
Oct 2012

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.

Michelle Malkin?@michellemalkin
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 campaign’s coffin, #Sensata, has Obama connection ==>

formercia

(18,479 posts)
33. "..SEIZE THE NARRATIVE. CARPE NARRATIVE."
Mon Oct 15, 2012, 06:24 PM
Oct 2012

Looks like she reads DU too.



Sorry Michelle, but the Narrative left the Station Days ago.

we can do it

(12,185 posts)
14. Idiots who don't know the difference between controlling interest & shares in employees pension fund
Mon Oct 15, 2012, 12:06 PM
Oct 2012

don't deserve my time or attention.

justiceischeap

(14,040 posts)
17. I think if any of us are on Twitter though, we need to push back on this meme.
Mon Oct 15, 2012, 12:07 PM
Oct 2012

It's important to show the difference.

OldDem2012

(3,526 posts)
23. Feel free to do whatever you want to defend against an "issue"....
Mon Oct 15, 2012, 12:18 PM
Oct 2012

....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)
25. I don't think it's a waste of time. It sure has the Republicans worried
Mon Oct 15, 2012, 05:22 PM
Oct 2012

so there's something to it.

drm604

(16,230 posts)
28. If they vote, they need to be informed of that difference for the sake of the rest of us.
Mon Oct 15, 2012, 05:33 PM
Oct 2012

It's not a matter of what they deserve.

we can do it

(12,185 posts)
31. Have you tried explaining anything to anyone who watches and believes FauxNoiz?
Mon Oct 15, 2012, 06:00 PM
Oct 2012

not calling you out, just sayin' its pretty much impossible.

Lone_Star_Dem

(28,158 posts)
16. I see that as the state of Illinois supporting a local company
Mon Oct 15, 2012, 12:07 PM
Oct 2012

Using stock in a state pension plan, from a company with a local presence is wrong how?

Avalux

(35,015 posts)
20. "state retirement plan"
Mon Oct 15, 2012, 12:11 PM
Oct 2012

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.

Rider3

(919 posts)
26. OK...
Mon Oct 15, 2012, 05:24 PM
Oct 2012

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)
29. It was the Pension Fund that Obama is a beneficiary to.
Mon Oct 15, 2012, 05:36 PM
Oct 2012

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)
30. Of course, there are bullshit tweets like that.. this is WAR
Mon Oct 15, 2012, 05:39 PM
Oct 2012

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

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