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Romney also profited heavily from the bailout thanks to Bain's investment in Sensata Technologies, which makes electronic parts for cars.
He has been able to avoid paying taxes on some of those gains by transferring nearly a million dollars of Sensata stock to his own tax-sheltered nonprofit.
Now that the taxpayer has helped save Bain's company, the Romney-founded private equity giant is returning the favor by shutting down an Illinois Sensata factory and shipping the production to China. Source
Walidm, face it your thread is FAIL. The man in charge is a democrat. He gives his money to democrats. a DEMOCRAT made this decision.
oh and while we are at it.
More Americans are now in poverty than when Obama became president.
More Americans are on welfare than when Obama became president
More Americans are on food stamps than when Obama became president.
FEWER Americans are working than when Obama took office
FEWER Jobs actually exist than when Obama took office.
Mr. Obama said he would fix the economy.
The economy is weaker than it was last year, and weaker that year than the year before.
Mr. Obama said he would cut the deficit in half.
The deficit is now 1.5 times as large as it was when he took office.
He said he would cut healthcare premiums by $2500 per year
Those premiums have gone up by $2500 dollars...
and in the last 3 years, Mr. Obama has submitted exactly 1 Annual budget to congress.
That 1 single budget got ZERO support from DEMOCRATS it was so bad.
In fact, democrats have not passed a budget at all in any form for the last 3 years.
you can tell lies about Bain until hell freezes over. it will not change the FACTS of Mr. Obama's economy.
Sensata workers have asked to meet with Mitt Romney and hoped to enlist his help keeping their jobs in the United States.
Romney refused.
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."
So this has nothing to do with "making hard choices" in the process of turning around a failing business.
Interesting
More proof that the stimulus and President Obama's "economic" plans did not work.
A few of Romney’s most important Wall Street donors made more than $4 billion. Their gains, and the Romneys’, were astronomical—more than 3,000 percent on their investment. Source
Mitt Romney’s opposition to the auto bailout has haunted him on the campaign trail, especially in Rust Belt states like Ohio.
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hmm...
hmm....
