Workers at a Sensata industrial plant in Freeport, Illinois recently found out that their jobs will be outsourced to overseas workers in November. It turns out that Sensata is owned right now by Bain Capital — the company Mitt Romney built his fortune from.
So rather than sit by and allow their jobs to be outsourced without a fight, the workers at this Sensata plant yesterday set up “Bainport” — a protest tent camp meant to draw attention to their plight and hopefully get Romney to speak out against the outsourcing occurring there.
“My name is Bonnie Borman. I’ve worked at Sensata for 23 years,” said one of the workers in an uploaded video. “We’re here today setting up can’t because we’ve tried everything we can to get into contact with Mitt Romney and have him try to help us save our jobs. We’ve went to offices, campaign offices and locked out. We’ve went to Tampa and didn’t get any response. So we’re going to camp here outside the Sensata factory hopefully until we get some response.”
Watch it:
The problem is that Bain has already loaded up Senestra with debt and has charged so many fees for “helping” them go bankrupt that there’s no way Bain will ever do the right thing. It would cost them dearly. They’d have to pay off all those debts and that’s not in their business plan. Instead, their plan is to let the company go into bankruptcy, sell off all the left-over assets, and once the company is in bankruptcy, the taxpayer picks up the leftover costs. That’s the Bain way – taking America down one company at a time.
I think the tax payers should stop picking up the leftover costs. Students are not allowed to file bankruptcy on their student debts and after their death parents must take on the debt. There should not be a higher standard for students. Let Bain pick up the leftover costs . Maybe they will stop doing what they are doing.