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Mon Oct 15, 2012, 11:53 AM

#Sensata tweets claiming that President Obama has shares

and is profiting from outsourcing jobs from China. Just FYI...

http://www.nytimes.com/2012/10/10/us/politics/as-romney-repeats-trade-message-bain-maintains-china-ties.html?pagewanted=all&_r=0

For many sophisticated and wealthy investors, as well as for ordinary workers invested in pension funds, China is a part of any diversified investment strategy. President Obama, a former Illinois state senator, has as much as $100,000 in a state retirement plan that contains shares of Sensata Technologies, the same auto parts company controlled by Bain that is closing its Illinois factory.

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Arrow 33 replies Author Time Post
Reply #Sensata tweets claiming that President Obama has shares (Original post)
justiceischeap Oct 2012 OP
tarheelsunc Oct 2012 #1
justiceischeap Oct 2012 #2
Dem2TheCore Oct 2012 #4
City Lights Oct 2012 #15
TwilightGardener Oct 2012 #3
Lex Oct 2012 #5
OneAngryDemocrat Oct 2012 #6
OldDem2012 Oct 2012 #7
Floyd_Gondolli Oct 2012 #22
Barack_America Oct 2012 #8
justiceischeap Oct 2012 #11
Barack_America Oct 2012 #19
Lex Oct 2012 #13
rainanna 14 Oct 2012 #9
Dawgs Oct 2012 #24
Lex Oct 2012 #10
riverwalker Oct 2012 #12
City Lights Oct 2012 #18
formercia Oct 2012 #33
we can do it Oct 2012 #14
justiceischeap Oct 2012 #17
OldDem2012 Oct 2012 #23
Lex Oct 2012 #25
formercia Oct 2012 #27
drm604 Oct 2012 #28
we can do it Oct 2012 #31
Lone_Star_Dem Oct 2012 #16
Avalux Oct 2012 #20
rainanna 14 Oct 2012 #21
Rider3 Oct 2012 #26
formercia Oct 2012 #29
Cha Oct 2012 #30
formercia Oct 2012 #32

Response to justiceischeap (Original post)

Mon Oct 15, 2012, 11:54 AM

1. Big difference between that being part of his portfolio that he probably doesn't even know about

and being the co-founder and former CEO of the company that created the business model for this round of outsourcing.

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Response to tarheelsunc (Reply #1)

Mon Oct 15, 2012, 11:55 AM

2. I agree but we should be aware that this is happening.

It's nice to know what's happening on the right and what they're pushing so we can adjust the message if need be.

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Response to tarheelsunc (Reply #1)

Mon Oct 15, 2012, 11:58 AM

4. This, exactly

Individuals do not have say in how their state pensions are invested. Most don't even know the details of those investments.

And President Obama isn't invested in Bain, the company making the decision to outsource.

Apples to oranges. Stupid false equivalency.

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Response to tarheelsunc (Reply #1)

Mon Oct 15, 2012, 12:07 PM

15. Very true, but let's hope the unwashed masses understand that difference.

Lots of not-so-bright people out there who could be easily fooled into thinking Obama and Willard are the same on this issue.

It's obvious that the right wingers are nervous about this because they're trying to push the "Obama did it too!" talking point.

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Response to justiceischeap (Original post)

Mon Oct 15, 2012, 11:57 AM

3. Obama's money is in a state retirement plan.

Edit to add: Romney IS Bain Capital. It's his baby.

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Response to justiceischeap (Original post)

Mon Oct 15, 2012, 11:59 AM

5. Just because he has shares in the company, HE didn't decide to outsource the co. to China.

Bain did.

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Response to justiceischeap (Original post)

Mon Oct 15, 2012, 11:59 AM

6. Obama does, as a State Pensioner, BUT...

Illinois state employees are invested (with their pension fund) in Sensata, and the President served in Illinois as a state senator.

BUT...

We're NOT telling folks to divest from the company... which is the only thing President Obama could possibly do, owning so little interest in the company.

Divesting from the company is, in fact, the LAST thing we want to see.

We want the plant in Freeport to stay in Illinois and remain a profitable American company.

President Obama's stake in the company is probably less than 1% of 1%, while Mitt Romney controls a full 51%.

That's why we're badgering the Massachusetts Governor instead of the former Illinois state senator.



BAINPORT ON FACEBOOK @ https://www.facebook.com/#!/save.ourjobs.1 AND ONLINE @ http://www.bainport.com

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Response to justiceischeap (Original post)

Mon Oct 15, 2012, 11:59 AM

7. Come on...Obama has no control over a fund administered by somebody else. nt.

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Response to OldDem2012 (Reply #7)

Mon Oct 15, 2012, 12:17 PM

22. Nuance is lost on some

 

Which is why this doesn't do a lot for me as an issue to be used against Romney. The Republicans will simply say Obama owns some too, and low info people would view it as a wash.

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Response to justiceischeap (Original post)

Mon Oct 15, 2012, 12:02 PM

8. They're faulting the pension for investing in an Illinois company?

That was successful and employed Illinois workers BEFORE Bain decided to outsource the jobs to China?

What the hell kind of argument do they think they're making here? Faulting the pension for investing in a company that employed its citizens?

And the attempt to tie Obama to the decision to profit by outsourcing the jobs is pitiful. Please people, we all know that this kind of shit is what made Romney his millions. Stop trying to deflect his sins on others.

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Response to Barack_America (Reply #8)

Mon Oct 15, 2012, 12:03 PM

11. I think, they think, it's a tit for tat scenario

Remember, the right often doesn't get nuance.

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Response to justiceischeap (Reply #11)

Mon Oct 15, 2012, 12:10 PM

19. The right will always be fools because they have no desire not to be.

Willful ignorance will be the death of this society.

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Response to Barack_America (Reply #8)

Mon Oct 15, 2012, 12:04 PM

13. Exactly. It was an American company

before Bain cannibalized it.

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Response to justiceischeap (Original post)

Mon Oct 15, 2012, 12:03 PM

9. LOLOLOLOLOLOLOLOL!!!!!!!!!!!!!!!!!

 

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Response to rainanna 14 (Reply #9)

Mon Oct 15, 2012, 12:55 PM

24. Someone is scared. Kind of like, 'Biden was mean to Ryan'

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Response to justiceischeap (Original post)

Mon Oct 15, 2012, 12:03 PM

10. When the state retirement fund bought shares in it, it WASN'T being dismantled and moved to China

I bet it was just a regular American auto parts company at that point.

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Response to justiceischeap (Original post)

Mon Oct 15, 2012, 12:04 PM

12. started by Michelle Malkin

She is worried, we have picked open a festering scab. She is in full blown freakout mode, so we ARE ON TO SOMETHING!! . They are trying the Rove thing of trying to turn it around to hurt us.

Michelle Malkin‏@michellemalkin
Read #sensata one-man truth squad @SooperMexican -
Michelle Malkin‏@michellemalkin

READ this on #sensata ==>
Michelle Malkin‏@michellemalkin

SEIZE THE NARRATIVE. CARPE NARRATIVE. Obama invested in #Sensata, did nothing for 4 yrs
Michelle Malkin‏@michellemalkin

Not if you know full story & help set the lapdogs straight. RT @rickykirk: @michellemalkin Do you think #Sensata will hurt Romney?Michelle Malkin‏@michellemalkin

The progs going nuts about #Sensanta are SILENT on Obama auto bailout $ going to China, Russia, Mexico, Manchester UK

Michelle Malkin‏@michellemalkin
ICYMI last nite: Newest ‘nail’ in Romney campaign’s coffin, #Sensata, has Obama connection ==>

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Response to riverwalker (Reply #12)

Mon Oct 15, 2012, 12:08 PM

18. Well that explains a lot! eom

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Response to riverwalker (Reply #12)

Mon Oct 15, 2012, 06:24 PM

33. "..SEIZE THE NARRATIVE. CARPE NARRATIVE."

Looks like she reads DU too.



Sorry Michelle, but the Narrative left the Station Days ago.

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Response to justiceischeap (Original post)

Mon Oct 15, 2012, 12:06 PM

14. Idiots who don't know the difference between controlling interest & shares in employees pension fund

don't deserve my time or attention.

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Response to we can do it (Reply #14)

Mon Oct 15, 2012, 12:07 PM

17. I think if any of us are on Twitter though, we need to push back on this meme.

It's important to show the difference.

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Response to justiceischeap (Reply #17)

Mon Oct 15, 2012, 12:18 PM

23. Feel free to do whatever you want to defend against an "issue"....

....that will have zero impact on the election.

You do realize they want you to waste your time on this, don't you?

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Response to OldDem2012 (Reply #23)

Mon Oct 15, 2012, 05:22 PM

25. I don't think it's a waste of time. It sure has the Republicans worried

so there's something to it.

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Response to Lex (Reply #25)

Mon Oct 15, 2012, 05:32 PM

27. They saw the size of the Anvil coming at them



Mitt is screwed.

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Response to we can do it (Reply #14)

Mon Oct 15, 2012, 05:33 PM

28. If they vote, they need to be informed of that difference for the sake of the rest of us.

It's not a matter of what they deserve.

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Response to drm604 (Reply #28)

Mon Oct 15, 2012, 06:00 PM

31. Have you tried explaining anything to anyone who watches and believes FauxNoiz?

not calling you out, just sayin' its pretty much impossible.

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Response to justiceischeap (Original post)

Mon Oct 15, 2012, 12:07 PM

16. I see that as the state of Illinois supporting a local company

Using stock in a state pension plan, from a company with a local presence is wrong how?

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Response to justiceischeap (Original post)

Mon Oct 15, 2012, 12:11 PM

20. "state retirement plan"

Hahaha! He didn't pick those shares of Sensata, if that's the case. Really, really lame.

But in true Republican fashion, they'll try (and may even succeed with the media's help), in equating that to Romney's active OWNERSHIP of the company.

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Response to justiceischeap (Original post)

Mon Oct 15, 2012, 12:13 PM

21. ....

 

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Response to justiceischeap (Original post)

Mon Oct 15, 2012, 05:24 PM

26. OK...

This was an IL company that Obama invested in. How the hell would he know that Rmoney would eventually buy them out and ship the jobs to China? Does he have ESP? I think not!

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Response to Rider3 (Reply #26)

Mon Oct 15, 2012, 05:36 PM

29. It was the Pension Fund that Obama is a beneficiary to.

This is why we have to get on their case about it.

We are ahead of the Narrative...don't let them win by default.


Obama made no decision, or likely even knew the Pension Fund bought and owned the shares.

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Response to justiceischeap (Original post)

Mon Oct 15, 2012, 05:39 PM

30. Of course, there are bullshit tweets like that.. this is WAR

and LIES are all they have.

The Social Media dealing in Reality needs to Tweet MORE FACTS ON romney/bain/American workers Lose to Chinese Labor

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Response to Cha (Reply #30)

Mon Oct 15, 2012, 06:22 PM

32. ..and Michelle Malkin is Tokyo Rose.

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