Mitt Romney still profits from Bain Capital — at our expense
Some have written and attempted to excuse Mitt Romney’s Bain Capital and other international corporations that pay little or no taxes, and when the bottom line looks better by shipping jobs overseas, they couldn’t care less about American jobs and lives.
I was at the public meeting in Freeport about Sensata (a division of Honeywell) shipping 170 Freeport jobs to China, last Sunday, and I didn’t hear anyone say, “It’s just the way we do business here in the U.S.” I heard many loyal long-time employees of Sensata — a division of Honeywell — vent their frustrations, anger and worries as to what the future holds for them. Some were in tears. Some had given their all for 30 years, only to be tossed in the trash bin when “offshoring” looked like it would bring a few more bucks to the bottom line.
Some, in their 50s or early 60s, are rightly concerned that no one will hire them unless it’s a low-paid, part-time job that no one can live on. Others are worried about losing health insurance, losing the ability to educate their kids, even facing the possibility of foreclosure on their houses. Retiring with any kind of security or livable income also looked remote.
Mitt Romney is just a symbol of what’s going on in this country, but he continues to profit handsomely from Bain Capital to the tune of more than $5 million just in 2011 in his financial disclosure. “Offshoring” (isn’t that a nice name for company greed?), if it continues, will impoverish this country. They are either ignorant or don’t care that people without jobs can’t buy new cars, electronics, tires or go to restaurants — all businesses that Freeport relies on. The more people that are “down-sized” (another convenient term), the more the U.S. becomes a Third World economy.
We don’t buy it if it doesn’t say “Made in the USA.”
We’ll vote for America first candidates this November.
The 1950s are looking better and better.
Peg and Ray Ruthenberg
Stockton, Ill.From the Aug. 1-7, 2012, issue
See: Mitt Romney still profits from Bain Capital — at our expense | The Rock River Times
