Welcome to ECCIE, become a part of the fastest growing adult community. Take a minute & sign up!

Welcome to ECCIE - Sign up today!

Become a part of one of the fastest growing adult communities online. We have something for you, whether you’re a male member seeking out new friends or a new lady on the scene looking to take advantage of our many opportunities to network, make new friends, or connect with people. Join today & take part in lively discussions, take advantage of all the great features that attract hundreds of new daily members!

Go Premium

Go Back   ECCIE Worldwide > General Interest > The Sandbox - National
The Sandbox - National The Sandbox is a collection of off-topic discussions. Humorous threads, Sports talk, and a wide variety of other topics can be found here.

Most Favorited Images
  • Thumb
  • Thumb
  • Thumb
  • Thumb
  • Thumb
  • Thumb
  • Thumb
  • Thumb
  • Thumb
  • Thumb
  • Thumb
  • Thumb
  • Thumb
  • Thumb
  • Thumb
Most Liked Images
  • Thumb
  • Thumb
  • Thumb
  • Thumb
  • Thumb
  • Thumb
  • Thumb
  • Thumb
  • Thumb
  • Thumb
  • Thumb
  • Thumb
  • Thumb
  • Thumb
  • Thumb
Top Reviewers
cockalatte 645
MoneyManMatt 490
Still Looking 399
samcruz 398
Jon Bon 385
Harley Diablo 373
honest_abe 362
DFW_Ladies_Man 313
Chung Tran 288
lupegarland 287
nicemusic 285
You&Me 281
Starscream66 266
sharkman29 253
George Spelvin 252
Top Posters
DallasRain70467
biomed160975
Yssup Rider60189
gman4453025
LexusLover51038
WTF48267
offshoredrilling47742
pyramider46370
bambino40444
CryptKicker37105
Mokoa36487
Chung Tran36100
Still Looking35944
The_Waco_Kid35624
Mojojo33117

Reply
 
Thread Tools
Old 10-16-2012, 11:50 AM   #1
markroxny
Valued Poster
 
markroxny's Avatar
 
Join Date: Aug 4, 2012
Location: Harlem
Posts: 1,614
Encounters: 3
Post Bainport. MitWitt's true legacy.

http://bainport.com/

Greetings from Bainport, Illinois

We're workers at Bain Capital-owned Sensata, 2520 Walnut St, Freeport, Illinois. We're fighting to save our jobs from being shipped to China by the end of this year. We are calling on Mitt Romney to come to Freeport, IL and we will camp across the street from our plant for as long as it takes!
For more information or to get involved email us at cnkwin2@gmail.com
To send us some pizza love call Logan's Bar & Grill (815) 232-4592
FEEL FREE TO USE OUR PICTURES just cite Bainport.com
Sign our petition here.



Quote:
If you are hearing about a company named Sensata, here is the story. Right now this company is moving equipment out of a factory in Freeport, Il. and shipping it to China. They are making the workers there train their Chinese replacements. And at the end of the year they are laying off the American workers. The workers have set up a camp across from the factory and have named it Bainport. (please click!) Supporters are trying to block the trucks, and some have been arrested. This is all happening right now, even as Mitt Romney says he wants to "get tough on China." So the workers have asked Romney to come to Freeport and help them.
"The week before they came they took the American flag down outside the plant. The week after they left they put it back up."
See Wendi Kent's moving photos of the Bainport camp, where workers are asking Romney to hep them:

What's Going On?
Republican presidential candidate Mitt Romney started the "private equity" firm Bain Capital. Bain Capital makes its money by purchasing companies using "leveraged buyouts" that borrow huge sums using the purchased company's own assets as collateral. They often use part of the borrowed money to immediately pay itself. Bain then cuts costs by doing things like sending jobs to China, cutting wages and manipulating tax rules to cut taxes owed, along with standard big-business practices like consolidating business units, taking advantage of economies of scale not available to smaller competitors, squeezing distribution channels for price cuts, and other practices that bring competitive advantages. (Please see "So DID Mitt Romney Really 'Create Jobs' At Staples?" for a look at how this works.) Then, after reorganizing the purchased companies Bain "harvests" them for profit. ("Harvest" is Romney's word, watch the linked video.)
Bain Capital purchased a sensor manufacturer that makes key components for our automobile supply chain, and named it Sensata. They immediately announced that they're closing a factory in Freeport, Ill., and sending the manufacturing and jobs to China to save money. (This is significant because China is engaged in efforts to dominate American auto supplies. See "China Cheating Costs 400K Auto Parts Jobs" and "Why The Latest Trade Complaint Against China Matters." )
Bain/Sensata brought in Chinese workers and made the Freeport workers train them. Bain/Sensata is moving the equipment out of the Freeport factory and shipping it to China right now. The Freeport employees have set up a camp outside the factory that they call Bainport and are trying to stop the Bain trucks that are moving the equipment out for shipment to China. Supporters were arrested this week, trying to stop those trucks.
The Sensata employees have asked Romney to come to Freeport/Bainport and help them. Read on to learn about Romney's response to the Sensata workers, and how Romney is actually making big money right now from shipping their jobs to China.
Romney's Opportunity
Mitt Romney is not running Bain Capital anymore. While he still makes millions from the company, and gets checks from the profits made when they ship jobs to China, this is a tremendous opportunity for him. Can you imagine a better spokesman for the Bainport employees than the former head of Bain Capital, who now says he opposes the kinds of things that Bain Capital is doing here?
This is an opportunity for Romney to show the public that he actually means it when he says he wants to do something about companies sending jobs to China! Here is his former company, people who know him, sending jobs to China right now and there is no one in a better position to put pressure on them to stop this than the former head of the company, and on top of that a presidential candidate!
What an opportunity for Romney to show that he means what he says!
Will Romney Help?
Mitt Romney wants to be president, and polls show that the public overwhelmingly wants something done about jobs and factories moving to China and the resulting pressure that puts on the rest of us and on our economy. So Romney says he will do something about it.
But Romney's current actions are opposite his current words. He complains about China currency manipulation, but refuses to ask the Republican House leadership to bring the China currency bill up for a vote, and refuses to ask more than 60 Republican co-sponsors of that bill to sign a "discharge petition" that would force a vote.
And Romney refuses to even meet with Sensata workers. When asked if Romney would help these workers the Romney campaign says Romney will not do it:
"Governor Romney has not worked at Bain Capital for over a decade, but for four years President Obama has been presiding over an economy that is creating too few jobs and sending more jobs overseas. Despite the President being invested in Sensata through his personal pension fund, and the government owning a major Sensata customer in GM, President Obama has not used his powers to help this situation in any way."-- Curt Cashour, Romney Campaign Spokesman.
http://www.huffingtonpost.com/dave-j...b_1967668.html
markroxny is offline   Quote
Old 10-16-2012, 11:56 AM   #2
CuteOldGuy
Valued Poster
 
CuteOldGuy's Avatar
 
Join Date: May 20, 2010
Location: Wichita
Posts: 28,730
Encounters: 20
Default

I don't know what legal ramifications would result if Romney started trying to manage assets in his blind trust. That being said, this is obviously a move instituted in response to the pitifully poor management of our economy by the Obama administration. Romney should get specific about what changes he would make in order to stop moves like this. But don't hold your breath. Specifics aren't Romney's strong suit.
CuteOldGuy is offline   Quote
Old 10-24-2012, 07:38 AM   #3
dilbert firestorm
Premium Access
 
dilbert firestorm's Avatar
 
Join Date: Jan 9, 2010
Location: Nuclear Wasteland BBS, New Orleans, LA, USA
Posts: 31,921
Encounters: 4
Default

high state taxes are largely responsible for the overseas shipment of jobs to China. this company is located in Illinois which is high tax state.
dilbert firestorm is offline   Quote
Old 10-24-2012, 08:18 AM   #4
WTF
Lifetime Premium Access
 
WTF's Avatar
 
Join Date: Jan 1, 2010
Location: houston
Posts: 48,267
Default

Quote:
Originally Posted by dilbert firestorm View Post
high state taxes are largely responsible for the overseas shipment of jobs to China. this company is located in Illinois which is high tax state.
Actually it was the low wages in China. I saw the interview of the employee's. This company is making good money. Bain thought they could make more money shipping those jobs overseas.

I wish more people would pay attention to where things are made and start buying accordingly. Things like this would not happen as much.
WTF is offline   Quote
Old 10-24-2012, 06:05 PM   #5
dilbert firestorm
Premium Access
 
dilbert firestorm's Avatar
 
Join Date: Jan 9, 2010
Location: Nuclear Wasteland BBS, New Orleans, LA, USA
Posts: 31,921
Encounters: 4
Default

Quote:
Originally Posted by WTF View Post
Actually it was the low wages in China. I saw the interview of the employee's. This company is making good money. Bain thought they could make more money shipping those jobs overseas.

I wish more people would pay attention to where things are made and start buying accordingly. Things like this would not happen as much.
WTF. both are factors (low wages overseas & high taxes) playing out when a company managers decide to ship job overseas.

they want lower taxes, which means more money for them., ergo more profit.
dilbert firestorm is offline   Quote
Reply



AMPReviews.net
Find Ladies
Hot Women

Powered by vBulletin®
Copyright © 2009 - 2016, ECCIE Worldwide, All Rights Reserved