Letter to the Editor
I won’t be voting for Mitt Romney mainly because I don’t believe a word he says.
Oh, also I am a Democrat but that aside, here is another reason why I could never vote for a man like Willard Romney, Republican or Democrat.
Mitt Romney is co-founder of Bain Capital and still today receives many millions of dollars yearly from Bain capital.
Gov. Romney has claimed that he is for bringing jobs back to the U.S. and that President Obama has been too soft on China about jobs being outsourced there. Oh really. He co-founded Bain Capital and that exactly what they do. Take for instance, Sensata Corp of Freeport Illinois between here and Rockford. Bain Capital bought the plant which at one time was a Honeywell plant until Bain bought it for 3 billion in 2006.
Honeywell still owns the building which will be vacant the day after election day Nov. 7th. Sensata manufactures sensors and controls for car and vent systems in air conditioners. Their customers include Ford and Honda among others. It was a very profitable plant but the management decide to save on costs that they would transfer operations to China and pay workers 99 cents an hour with little if any benefits.
To accomplish this Bain got help from China to pay transfer costs and Bain reneged on its offer to the 170 + employees they fired. They also cut severance pay, medical and other benefits they had promised to the employees. BTW — the product made in this plant is almost entirely used in the U.S. So that American made cars are using Chinese made sensors that were made in the U.S. So much for Romney wanting to create 12,000,000 American jobs and he wouldn’t stop this move of American jobs to China.
Mitt Romney wasn’t involved in this closure but this is the vulture capitalist firm he founded and this is "His Baby.” Also Mitt Romney did sell his Sensata stock but donated it to charity and took the tax break for it. He however he still owns stock in Bain Capital fund IX L.P. which includes Sensata stock] which he included on his 2011 tax returns.
So anyway you want to look at it, Mitt Romney is talking out of both sides of his mouth. If he cared about American jobs, he would have saved those jobs at Sensata and keep the jobs in the U.S. This is not the first American jobs transfer to China that Bain Capital has ben involved in, they have outsource approx. 15,000 jobs to China. There was no valid reason to close a highly profitable plant such as Sensata in Freeport except — greed.
I also believe that our president has done the best job he possibly do under the circumstances. Vice President Joe Biden was absolutely right when he made the statement shortly after President Obama took office when he said Obama would have a giant problem to handle.
That problem would be the Republicans, who were against everything he wanted to accomplish. Our country was in the worst condition since the depression and the Republican have spent four years playing politics at our expense.
No I will not vote for Mitt Romney nor would I have voted for any Republican because of they way they have acted. There are those who would say, he’s a Democrat, he wouldn’t have voted for a Republican — wrong I voted for Ronald Reagan.