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Facts are, this happened over 3 months ago, why the outrage now?
Maybe if you watched some news that isn't generated by FOX, Rush or Glenn you'd know that recently those workers in Freeport started flying a Chinese flag close by the factory where they are training their Chinese replacement workers, catching the eye of the media.
Businesses don't like uncertainties. Republicans have made sure that the theme stood since the day Obama took office. Given that, I'm surprised that this country has actually managed to increase the private sector payroll for 32 months straight by 4.3 million.
As for Romney, you don't know a thing, but you simply have faith in him? What is he, Jesus Christ?
As for 0bama, most didn't know a thing about him as the media didn't even vet him in 2008, but all simply had faith in him. The 0bama voters thought he was "Jesus Christ the messiah".
I believe in Jesus Christ but not 0bama.
Look at the mess this country is in now!
If he gets re-elected watch what happens when monies in the name of increased taxes and the so-called penalties (really another tax) because of 0bamacare. And I'm sure there's more hidden 0bamacare surprises yet to be discovered in which another slime Nancy Pelosi tried to sell without the American people knowing what was in this law.
Also 0bama has other even more radical agendas up his sleeves that by going by his track record so far will cripple at that point this once great country to potentially 3rd world status.
Romney has a 5 point plan and the media has vetted him because the media is mostly on the dems side.
And still Romney is gaining momentum and had surpassed 0bama in Americans support.
Romney is the man who I will give my vote and chance to.
Do you mean like Solyndra and all the other Obama campaign contributors to whom he doled out billions of taxpayer dollars in payback, and are now bankrupt? You know who the losers are? American taxpayers! We'll never see that money again.
You are clueless.
I would suggest thay you learn some facts about Solyndra. Bush was the first to push for loans to Solyndra.
Don't know exactly what Romney will do but I do know for sure small businesses are not hiring right now because they don't know what Obama will do with taxes etc to them so we are at a stand still.
Businesses who have been dragging their feet in hiring, many of whom have made record profits are to blame for the recovery not happening at a faster pace.
If any of his plans were amazing like a lot of you republican nut jobs claim he would tell us about them. The reason why he does not give us details about anything if he does will lose the elected right that second he are his plains summed up
Help the super rich and screw everyone else. If you have not put this together yet your racist or you living up Faux Snooze & Rush a hole
so according to this liberal site solyndra applied for a loan and the people in charge of actually vetting the companies and deciding if it was worth making the loan, rejected it, and Obama and company went ahead and found a way to get them that money. So how is that supposed to make that loan look better?
While not a Romney enthusiast, there more to this story:
Before it became Sensata, it was the Sensors & Controls division of Texas Instruments. Texas Instruments sold the business to Bain Capital in 2006 for $3 billion. I have no idea if this business division made or lost money while owned by Texas Instruments. Regardless, Texas Instruments needed the $3 billion more than it needed this business division.
The sale is what created Sensata headquartered in Attleboro, Mass. with additional manufacturing and technology development centers located in Brazil, China, Holland, Japan, Korea, Malaysia and Mexico, and sales offices around the world. Worldwide, the company employs 5,400 people, including 3,750 in the Americas, 1,350 in Asia and 300 in Europe.
Bain and other venture capital firms use a leveraged buyout (LBO) model to acquire businesses, meaning the acquisition of another company using a significant amount of borrowed money (bonds or loans) to meet the cost of acquisition. In an LBO, there is usually a ratio of 90% debt to 10% equity. Because of this high debt/equity ratio, the bonds usually are not investment grade and are generally consdered junk bonds.
The aquiring company usually imposes management fees on the company. If things go well, Bain could take the company public and pay a handsom dividend to the original investors. If things don't go well, Bain can compel a priority dividend favoring its investors and pull the plug, leaving unsecured creditors and employees holding the bag. In all cases, Bain's interests are protected.
While the U.S. has been losing manufacturing jobs for decades because stuff can always be produced elsewhere for less, LBOs have produced some stunning returns for those who arrange, manage and invest in LBS.
As it relates to the 170 jobs in Illinois, we can assume it makes more financial sense for Sensata to outsource rather than retain the U.S. jobs.
State and Federal Governments can redistribute wealth and reward the company with tax benefits for keeping the jobs in the U.S., or not. Lots of people get worked up about welfare receipients who live off the government dole and ignore corporate welfare and dole The real issue was and remains that the U.S. manufacturing is seriously challenged to compete in the global world. This began decades ago. There is no easy answer and no president/political party is going to restore lost U.S. manufacturing jobs.
Last edited by middle-aged mom; 10-20-2012 at 01:36 PM..
So called credible experts, including Moody's Analytics say that 12 million jobs will be created over the next 4 years, no matter who gets elected without any changes to policy.
What no one is saying is what the majority of those 12 million jobs will pay because no one knows.
While not a Romney enthusiast, there more to this story:
Before it became Sensata, it was the Sensors & Controls division of Texas Instruments. Texas Instruments sold the business to Bain Capital in 2006 for $3 billion. I have no idea if this business division made or lost money while owned by Texas Instruments. Regardless, Texas Instruments needed the $3 billion more than it needed this business division.
The sale is what created Sensata headquartered in Attleboro, Mass. with additional manufacturing and technology development centers located in Brazil, China, Holland, Japan, Korea, Malaysia and Mexico, and sales offices around the world. Worldwide, the company employs 5,400 people, including 3,750 in the Americas, 1,350 in Asia and 300 in Europe.
Bain and other venture capital firms use a leveraged buyout (LBO) model to acquire businesses, meaning the acquisition of another company using a significant amount of borrowed money (bonds or loans) to meet the cost of acquisition. In an LBO, there is usually a ratio of 90% debt to 10% equity. Because of this high debt/equity ratio, the bonds usually are not investment grade and are generally consdered junk bonds.
The aquiring company usually imposes management fees on the company. If things go well, Bain could take the company public and pay a handsom dividend to the original investors. If things don't go well, Bain can compel a priority dividend favoring its investors and pull the plug, leaving unsecured creditors and employees holding the bag. In all cases, Bain's interests are protected.
While the U.S. has been losing manufacturing jobs for decades because stuff can always be produced elsewhere for less, LBOs have produced some stunning returns for those who arrange, manage and invest in LBS.
As it relates to the 170 jobs in Illinois, we can assume it makes more financial sense for Sensata to outsource rather than retain the U.S. jobs.
State and Federal Governments can redistribute wealth and reward the company with tax benefits for keeping the jobs in the U.S., or not. Lots of people get worked up about welfare receipients who live off the government dole and ignore corporate welfare and dole The real issue was and remains that the U.S. manufacturing is seriously challenged to compete in the global world. This began decades ago. There is no easy answer and no president/political party is going to restore lost U.S. manufacturing jobs.
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