As Mitt Romney continues to hammer President Obama over the stagnant economy, the former Massachusetts governor's own time in the public sector, as the CEO of Bain Capital, continues to come under scrutiny.
Bain Capital has money invested in hundreds of companies. One of those companies is Sensata, a technology firm that makes sensors found in cars and airplanes.
But when Sensata began shutting down American plants and sending those jobs overseas, employees who had spent their entire lives at one company suddenly found themselves out of work — and wondering what would happen if Romney were elected "America's CEO."
Phillip Martin, senior investigative reporter for our partner WGBH in Boston, spoke to a former Sensata employee about his past, present, and what's left of his future.
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The show is a co-production of WNYC Radio and Public Radio International, in collaboration with New York Times Radio and WGBH Boston.
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Comments [4]
What a bunch of anecdotal half truths to advance your agenda. If Solyndra had "offshored" jobs to remain competitive we might still have a Solyndra paying US taxes and employing a few skilled workers here. Instead we have a big hole and a major loss of taxpayer money as the result of the govts attempt to play the private equity game. It is just not as simple as a few good people who lost their jobs.
With regard to your next segment where you attempt to apply social justice to "the market" I would direct you to the you tube video link below. Uncle Miltie says it better than I ever could:
http://www.youtube.com/watch?v=RWsx1X8PV_A&feature=youtube_gdata_player
Jayne has a good point. It looks like Romney "retroactively" retired from Bain Capital in 2002 (retroactively to 1999). The story does raise valid issues about sending manufacturing jobs offshore, but if it is supposed to connect Bain Capital's actions with Mitt Romney, I don't see it. Am I missing something?
So I listened to this story expecting to hear something relevant, and instead learned about how Bain Capital is creating thousands of jobs world-wide but off-shoring some specific American jobs in 2012, 13 years after Mitt Romney retired from the firm. Your lede touted "a look at Mitt Romney's business practices". You are deliberately misleading your audience, and losing credibility with every breath. Shame on you.
I just got back from a Toyota dealer....they have plants in the USA and don't grossly overpay their CEOs.....GOOD
Last evening, I went to a grocery that's emploee owned....GOOD
I WILL NOT USE OVERHYPED FACEBOOK AND WOULD APPRECIATE IF YOU WOULD STOP GIVING THEM FREE ADVERTISING....REMEMBER YOUR SUPPORT THE NEXT TIME YOU HEAR OF A TRAFFIC FATALITY/INJURY THAT WAS FANCYFONE RELATED ! !
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