Skip to comments.Liberal lies and hysteria try to tie Mitt Romney to Sensata closure
Posted on 10/14/2012 11:03:42 AM PDT by hope
The Twitterverse exploded tonight with rage over a company in Illinois called Sensata closing its doors and shipping its production to China. The big story isn't that the company is closing but that Liberals are actually trying to blame Mitt Romney for it based on ridiculous lies being pushed by the SEIU.
No shocker that the SEIU would sink this low but it doesnt say much about Democrats that they are so easily led to believe outrageous accusations without bothering to do a quick search on the internet to discover the facts. The myths that are being perpetrated and facts are dissected below.
(Excerpt) Read more at examiner.com ...
This memorable Letter to the Editor in the Journal Standard was written by a Honeywell employee that sheds the light of truth on Sensata.
SEVEN THINGS TO KNOW ABOUT SENSATA PROTEST
Okay, enough is enough. Ive been sitting back watching the employees of Sensata hold their little protests, and now they have their Occupy Fairgrounds going on and the rest of the people affected just shake their heads. Those of us lucky enough to still work for Honeywell, just shake our heads.
The finger pointing started the first time Sherri Bustos (aka Dick Durbins babysitter) sashayed into Freeport, and now the grandstanding and exaggerations seem to know no boundaries.
I have worked with these people for many years, and I feel really rotten that they are out looking for a job. Yet, many of the faces I see on the picket line I have never seen before total strangers. Makes me wonder who they are more Bustos crew?
So how about some facts from someone who worked in that same factory and could see it all as it went down:
1: Honeywell sold those 170 people to Sensata two years ago, and everyone already knew at that time that Sensata is a company that takes jobs overseas. If they wanted their jobs saved they should have started yelling then, not now. All they are now are puppets for Bustos, or I should say Durbin. You see Durbin isnt happy having control of the northeast corner of Illinois, he wants the northwest corner too. He needs the yes votes that Bustos will give him so more of our money can be funneled to poor, starving Chicago.
2: Every time I see a Sensata protest on TV theres a Bustos crewmember yelling in the bullhorn, as if hes a Sensata employee! Give me a break you faker!
3: 75% of the machines involved were already tore down and on a freighter to China before they even held their first protest. No wait! Now lets have a protest, maybe they will turn the ship around! (Oops! Too late!)
4: Over the last eight years, Honeywell has sent about 2,000 (yes, that is with three zeros) jobs out of Freeport alone all to Mexico, India and China. Where was our illustrious Mayor Gaulrapp then? (Not a peep has been heard! Once again, oops! Too late!)
5: Bustos cant handle taxpayers money worth a hoot! She spent $600,000 to make sure the road from her house to her country club was smooth and pretty for her to drive on, and then she spent $40,000 on a light up welcome sign for East Moline. (OMG dont let NIDA hear about that one or well have to have one too!)
6: Schilling reduced his office expenses by $110,000. He is spending more on constituent services than his predecessor by doing a service outreach. Thats where he tries to make sure he can be reached by us, his bosses. (Of course Bustos criticized him for that, she wouldnt want to get her hands too dirty I guess.)
7: Schilling knows what it is like to live on a budget, work for a living and sit at the table with a family for dinner, even if its just hotdogs and chips.
Just one more thought: whos footing the bill for all of the stuff at the fairgrounds, including the food, tents and rental of the fairgrounds and restrooms? The Sensata employees cant afford it, can they.
Isn’t it racist and Amero-centric to oppose jobs for Asians?
FACT: New York-based Preqin uses public documents, news accounts and Freedom of Information requests to track private-equity holdings.
Since 2000, Preqin reports, the following funds have entrusted some $1.56 billion to Bain:
Illinois Municipal Retirement Fund ($2.2 million)
* Indiana Public Retirement System ($39.3 million)
* Iowa Public Employees Retirement System ($177.1 million)
* The Los Angeles Fire and Police Pension System ($19.5 million)
* Maryland State Retirement and Pension System ($117.5 million)
* Public Employees Retirement System of Nevada ($20.3 million)
* State Teachers Retirement System of Ohio ($767.3 million)
* Pennsylvania State Employees Retirement System ($231.5 million)
* Employees Retirement System of Rhode Island ($25 million)
* San Diego County Employees Retirement Association ($23.5 million)
* Teacher Retirement System of Texas ($122.5 million)
* Tennessee Consolidated Retirement System ($15 million)
These funds aggregate the savings of millions of unionized teachers, social workers, public-health personnel and first responders. Many would be startled to learn that their nest eggs are incubated by the company that Romney launched and the financiers he hired.
Leading universities have also profited from Bains expertise. According to Infrastructure Investor, Bain Capital Ventures Fund I (launched in 2001) managed wealth for endowments and foundations such as Columbia, Princeton and Yale universities.
According to BuyOuts magazine and S&P Capital IQ, Bains other college clients have included Cornell, Emory, the Massachusetts Institute of Technology, Notre Dame and the University of Pittsburgh. Preqin reports that the following schools have placed at least $424.6 million with Bain Capital between 1998 and 2008:
* Purdue University ($15.9 million)
* University of California ($225.7 million)
* University of Michigan ($130 million)
* University of Virginia ($20 million)
* University of Washington ($33 million)
Major, center-left foundations and cultural establishments also have seen their prospects brighten, thanks to Bain Capital. According to the aforementioned sources, such Bain clients have included the Charles Stewart Mott Foundation, the Doris Duke Foundation, the Metropolitan Museum of Art, the Ford Foundation, the Heinz Endowments and the Oprah Winfrey Foundation.
QUESTION: Why on Earth would government-union-thug leaders, university presidents and foundation chiefs let Bain oversee their precious assets?
The scrutiny generated by a heated election year matters less than the performance the portfolio generates to the fund, California State Teachers Retirement System spokesman Ricardo Duran said in the Aug. 12 Boston Globe.
FACT: CalSTRS has pumped some $1.25 billion into Bain.
Since 1988, Duran says, private-equity companies like Bain have outperformed every other asset class to which CalSTRS has allocated the cash of its 856,360 largely unionized members.
Is Bain really a gang of corporate buccaneers who plunder their ill-gotten gains by outsourcing, euthanizing feeble portfolio companies and giving cancer to the spouses of those whom they fired?
If so, union-thug bosses, government retirees, liberal foundations and elite universities thrive on the wages of Bains economic Darwinism.
If, however, these institutions relish the yields that Bain Capital generates by supporting start-ups and rescuing distressed companies, 80 percent of which have prospered, then this money is honest and Team Obama isnt.