Saturday, October 20, 2012

Romney Still Stands To Profit On American Jobs Going To China

Photo: Sensata Protest October 2012

We have proof the economy is returning to normal after the hard hitting dive we took in jobs and housing at the end of the Bush presidency.  
Now we Americans have to make a decision whether we stay the course that President Obama wants to keep us on or if we go with the five point plan that Mitt Romney wants to implement.
I believe the five point plan Mr. Romney has is only on his fingers. His plan right now may only be an idea and that’s why he can’t seem to tell us what the plan entails. We know he wants to cut taxes again which seems to always be a Republican plan. We also know that cutting taxes will just make the national debt bigger and many economists say that Mitt Romney’s math doesn’t add up.
Many of us believe that Mitt Romney will take away tax breaks that help middle class Americans.  An example is the homeowner’s deduction.
Romney has said he won’t tax the rich any more than they are now. So guess what that means? Somehow down the road it’s going to cost the rest of us Americans more. It may be fewer deductions or maybe increased fees but the little guys will end up the losers if Mitt Romney becomes president.
Now on the other side of the coin is a plan from President Obama that is working to improve the American economy while other countries and the Republicans are still slowing us down.
President Obama has lowered the cost to students on loans for college. President Obama knows that good high-paying jobs require well-educated employees.  Barack Obama has been pushing job programs that Republicans keep blocking. Just this week we saw a protest in Freeport, Illinois at the Sensata plant that is being closed down by Bain Capital. The employees at this plant will be out of work thanks to Mitt Romney and Bain Capital which is shipping all their jobs to China.  Mitt Romney owns eight million dollars’ worth of Bain funds so he stands to profit on the loss of these American jobs. We also know that President Obama kept jobs in this same town when China was trying to bring in cheap tires.
If Mitt Romney is so good for America why then does he still keep making his money betting against the American worker? It would have been nice to see him, before he ran for president, cash in all his Bain funds. Mitt is for Mitt; being president to him is just another trophy. 
By: Wayne Henrich



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