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Originally Posted by Stormieweather
Adak, you know about Sensata, right?
Sensata |
Yes. And I know Romney left Bain Capital 12 (TWELVE) years before Sensata was moved to China.
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But what is the truth?
If Bain Capital's activities are to be scrutinized and linked to Mitt Romney 12 years after he left the company, President Obama's activities within the past four years should surely receive the same attention.
Consider Obama's Job Czar, Jeffrey Immelt. According to a 60 minutes program, the CEO of GE was "unapologetic" about the fact that "half his workforce is overseas". How many jobs have been outsourced by GE? 25,000, according to the Huffington Post. The 170 positions reportedly being outsourced by the Bain-controlled organization pale in comparison.
Consider President Obama's failed "Green Stimulus" investments. When the "green" companies were not laying off thousands of employees and/or going bankrupt, a huge chunk of taxpayer money used to support the ill-advised program went overseas.
As a matter of fact, four Democratic senators actually called on the Obama administration "to halt spending on a renewable energy program in the economic stimulus package until rules are in place to assure that the projects use predominantly American labor and materials." They noted that "more than three-fourths Of $2 billion spent on wind-energy projects supported by the stimulus package had gone to foreign companies."
If Americans are looking to hold anyone accountable for wasteful spending overseas (and in general), they should look to the current president. This story may be significant if the same rules of outrage applied to both parties; and since they clearly do not, this news is just another example of faux outrage and dirty politics.
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When will you learn that what you hear from the media, can't be trusted at face value?
CHECK IT OUT FOR YOURSELF.