Sensata Workers Are Living Proof that Romney’s Tough Talk on China is Worthless

Mitt Romney is running around Ohio talking tough about China today, but one place he won’t go near is Freeport, IL where the Bain owned Sensata Technologies is sending 170 jobs to China.

During campaign stops in Ohio today, Romney said, “It’s time for us to stand up to China for their cheating. It’s got to stop. We’ve got to get those jobs back and make trade to be fair.”

In a statement, Obama campaign spokesman Danny Kanner responded to Romney’s tough talk, “Mitt Romney’s talking tough, but his record and his policies show he’s anything but when it comes to China. Mitt Romney called the President’s aggressive action on behalf of American tire workers ‘decidedly bad for the nation.’ As a corporate buyout specialist, he invested in companies that were pioneers in outsourcing to low-wage countries like China. And now, while President Obama would close tax loopholes that reward companies for shipping American jobs overseas, Mitt Romney’s tax plan could create 800,000 jobs outside of America. That’s not a candidate who would be tough on China as president – that’s a candidate who thinks sounding tough will win him votes.”

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According to The New York Times, Romney could stand to profit off of the Sensata outsourcing, “In addition, Mr. Romney’s generous retirement agreement ensures that he continues to profit from the deals and decisions that Bain makes. He owns about $8 million worth of Bain funds that hold 51 percent of Sensata’s shares. If Sensata saves money by closing the Freeport plant, that could add money to Mr. Romney’s trust accounts, now or after the election.”

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Full article here: http://www.politicususa.com/sensata-workers-living-proof-romneys-tough-talk-china-worthless.html

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Published on Oct 10, 2012 by Steelworkers

Mitt Romney and Bain Capital continue to move good, American jobs overseas for big profits. Watch and share the story of Sensata workers in Freeport, Ill., to see how selling out American workers and moving jobs to China continues to line Romney's pockets.