We Don't Want a Romney Economy!

Bainport.com. Day 56. Workers refuse to leave until they get full severance. Mitt Romney has repeatedly asserted that his experience as a successful businessman qualifies him to be President. The workers from the Sensata plant in Freeport, Illinois, pop. 25000, ardently disagree. This factory, majority owned by Bain Capital, is shutting its doors, shipping all the jobs and equipment to China and dealing a blow to this struggling rust belt town. Romney founded Bain Capital and created its business model: acquiring companies by saddling them with debt and then squeezing them for profit by laying off workers. But communities suffer from these job losses. And Government is burdened with the cost of delivering expensive services to laid-off workers including re-training, unemployment, food stamps. (More details on this business model here tinyurl.com in Matt Taibbi's seering piece on Romney and Bain). Essentially, the public loses so wealthy investors can gain. "If he wants to really be in touch with his middle class citizens, we welcome him to come to this town and see what the outsourcing that his company Bain, that he made, is doing to communities like this" said Cheryl Randecker, who was outsourced last week after 35 years at the Sensata factory. By the end of December, 170 workers from this auto sensor plant will be laid off. The already limping local economy will lose tens of millions of dollars. Meanwhile, last year, the company's sensor division made a record $390 <b>...</b>
Author: Inequality Doc
Duration: 5:36



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We Don't Want a Romney Economy!