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View Diary: How Bain took over divisions of Texas Instruments & Honeywell to create Sensata (35 comments)

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  •  Some stories have legs, some (1+ / 0-)
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    stef

    don't. In the final 3 weeks of a campaign, it doesn't make sense for us to do anything but talk about stories that move polls. IMO the Sensata story, while it is perhaps worthy of being a big deal, has just not caught on. The 47% was a worthy campaign theme, and we are still harvesting from it; Romnesia is right now being tested, and it will end up either a successful campaign gambit or it won't, we'll know soon. But Sensata is either too complicated, redundant with other stories, or has been lost in the din of the campaign.

    •  Apparently so. But it defines Romney. (5+ / 0-)

      I guess this diary is tl:dr, but I see a lot of mainstream reports not getting the background right.  Sensata is a combo of two formerly American companies, now offshoring at both the corporate and manufacturing level. This is what Romney does, that's who he is. I think it's not catching hold because we can't show Romney's direct involvement, except for the profits he pocketed.

      •  Direct involvement is pretty (2+ / 0-)
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        stef, Sparhawk

        key to me as a voter, on anything. If Sensata is something that Romney's friends did, it is not going to make someone vote against the guy.

        •  It's emblematic of what he did & how he got his $$ (2+ / 0-)
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          lunachickie, subtropolis

          But I hear you. He's not currently in charge of the outsourcing, and the stories of those whose jobs were outsourced under him are not as dramatic as what's happening in Freeport today. Still it should put a damper on his desire to brag about his work at Bain.

          •  That's why he doesn't (3+ / 0-)
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            stef, subtropolis, kurt

            and it's probably another reason he doesn't tout his record as Mass. governor. Didn't this go on during his tenure?

            I don't care if he's "in charge of the outsourcing" or not--the fact is, this is what he represents. This is his plan for America. That is a giant poll mover, IMO.

            It is time to #Occupy Media.

            by lunachickie on Sat Oct 20, 2012 at 08:24:29 AM PDT

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            •  Thank you. The shell company was created in 2005. (4+ / 0-)

              I'm not sure when Romney claims to have left Bain vs when he actually left Bain, etc. Regardless, this is the purpose and mission and character of Bain, and Bain is Romney's baby.

            •  Re (0+ / 0-)
              I don't care if he's "in charge of the outsourcing" or not--the fact is, this is what he represents.
              Is this not Obama's "tenure"? If Obama can't or won't do anything to stop this kind of outsourcing during this term, why think he will do it next term?

              I'm not voting for Romney, obviously. It's just not really a good argument "vote for Obama... because if you don't, these same things that have already been occurring in his first term will keep occurring".

              (-5.50,-6.67): Left Libertarian
              Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

              by Sparhawk on Sat Oct 20, 2012 at 08:37:03 AM PDT

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              •  You're wrong about Obama. (4+ / 0-)
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                lunachickie, adguy, subtropolis, kurt
                GOP senators block top Obama jobs initiative

                Washington (CNN) -- Senate Republicans on Thursday blocked the No.1 item on the president's congressional "to-do-list," refusing to allow a vote on a bill that would give tax breaks for companies that "insource" jobs to the U.S. from overseas while eliminating tax deductions for companies that move jobs abroad.

                In voting against the bill, Republicans raised both substantive and procedural problems with the measure.

              •  Sparhawk - there is little that can be done (0+ / 0-)

                Dems in Congress have proposed a new law that would have incentives for bringing jobs home and would make offshoring expenses not deductible for US federal income tax purposes. Even if that bill passed, and I support it, it would have little impact on corporate behavior. The President's ability to impact the market through tariffs, or other means, is limited by the WTO and other free trade agreements the US is a party to.

                Corporations are free to change the location of their manufacturing to a different state, or Mexico or China and there is little that the US government can do.

                "let's talk about that"

                by VClib on Sun Oct 21, 2012 at 03:52:49 PM PDT

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    •  Not necessarily, doc2 (3+ / 0-)
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      subtropolis, kurt, stef

      Since the first debate, Mitt has been able to shake the image of the out-of-touch plutocrat. He's actually leading O in the polls as to who can better handle the economy and has a better vision for the future. The plutocrat image was a winning one for O. And it was the truth. The core question was one of integrity, principle and trust. I love Romnesia. And the Sensata story illustrates just how severe Romnesia can be. It needn't be complicated, as Ed showed last night-Bain is Romey's company, he has $8MM in Bain,  Bain owns 51% of Sensata which is wildly profitable yet Bain wants more at the expense of American workers. What does Mitt think about that? Blind trust? Please, Mitt, you're clueless about this?

      I say make Him defend it. Hammer it and remind people that the House Rs killed O's bill to punish outsourcing at the expense of US workers.

      This does have legs because the more Mitt has to defend it, the deeper the story goes. And the deeper it goes, the uglier it gets.

    •  thanks for sharing (3+ / 0-)
      Recommended by:
      Roger Fox, kurt, stef

      Now, if you don't mind, some of us are interested in this.

      All things in the sky are pure to those who have no telescopes. – Charles Fort

      by subtropolis on Sat Oct 20, 2012 at 11:29:09 AM PDT

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