Archive for job creators my ass

WI ranks 44th in nation for job creation under Gov. Scott Walker's watch. He blames protests, recall.

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Check out these headlines:

From JSOnline, Scott Walker budget could create deficit in next biennium:

Gov. Scott Walker's 2013-'15 budget bill would leave the state with a potential shortfall of $664 million for the following two-year budget, a new report shows.

The memo from the Legislature's nonpartisan budget office shows the state's finances would take a big swing from the current budget, which according to the method used in the memo will leave a $146 million surplus going forward. But the Legislative Fiscal Bureau still pegs the potential shortfall at the second-lowest level since 1997.

The impact of these budget figures could fall on everyone from taxpayers to students and those in need of government-funded health care.

$30 million of the spending would go to state aid to private voucher schools that Walker's been pushing.

From FDLreporter, Walker blames jobs report on politics:

Gov. Scott Walker... said Thursday that recall-election politics are responsible for the state’s drop in private-sector job creation. A report from the U.S. Bureau of Labor Statistics released Thursday shows the state is ranked 44th in the nation for creating private-sector jobs. The data, which covers a year-long period that ended in September, shows a recent steady decline. Wisconsin ranked 42nd in the previous quarter, and 37th in the quarter before that.

From WisPolitics, Dems, Walker spar over latest job numbers:

New monthly job numbers out Thursday showed a mixed economic picture for the state, but most critics focused on quarterly numbers showing Wisconsin still lagging in job creation.

The state’s unemployment rate rose to 7.2 percent in February, a 0.2 percentage point increase over the previous month. While the state gained 12,100 jobs the same month, it also lost 2,300 private sector jobs.

The federal Bureau of Labor Statistics also released state job numbers for the third quarter of 2012. They showed the state creating jobs but at a rate slower than most states. Wisconsin ranked 44th among states in job creation from Sept. 2011 to Sept. 2012.

That last report also said that Walker blamed the protests and recall election for the poor numbers. What he failed to do is blame himself for being the motivation for the protests and recall election in the first place.

But surprise! He didn't blame President Obama. Yet.

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PhotOH! The GOP to-do list

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Above is the Republican to-do list (provided by someone with a photo editing program and an understanding of today's political climate). Sure brings out the ol' holiday spirit, doesn't it? Do you feel the warmth yet?

Are you inspired when you think of a vanishing middle class, no help for those at and below the poverty level, the sick and elderly losing what's left of their health, welfare, and dignity? And how about those civil rights? Hey, are you from another country? Then you're icky! (Unless you'll do our dirty work for nearly nothing) Need an education? Just ask the folks to fork over all that cash they don't have! Wanna vote? Too bad! Not a white male? Go sit over there... way over there.

Are you feeling the love yet? The family values? How about that "pro-life" compassion for those who are already, you know, living? Hmm?

Here's the Democratic to-do list. Compare and contrast:

  1. Win the presidential election. ✔
  2. Retain Senate majority. ✔
  3. Add seats to House of Representatives. ✔
  4. And this stuff. ✔

H/t: @GOTTDAMNNWRiTE

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VIDEO-- "Bainport", Illinois fired Sensata workers to Mitt Romney, "Just be honest." "Save our jobs."

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If you need a brief recap of this ongoing story, the Bain-owned company, Sensata, is outsourcing Freeport, Illinois jobs to China; employees wanted Mitt Romney to intervene. The soon-to-be-ex-workers have been forced to train their own Chinese replacements. Their jobs are being shipped to China in November.

Welcome to Mitt Romney's America.

All our Sensata posts are here (scroll).

Ed Schultz went to Freeport, now nicknamed "Bainport," and broadcast his show from there. This is a must-see, must-share:

Visit NBCNews.com for breaking news, world news, and news about the economy

 

Visit NBCNews.com for breaking news, world news, and news about the economy

 

Visit NBCNews.com for breaking news, world news, and news about the economy

 

Visit NBCNews.com for breaking news, world news, and news about the economy

 

Visit NBCNews.com for breaking news, world news, and news about the economy

 

Visit NBCNews.com for breaking news, world news, and news about the economy

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VIDEO: Former supporter, Sensata worker speaks out on Romney: "He's a bald-faced liar."

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Visit NBCNews.com for breaking news, world news, and news about the economy

To refresh your memory, the Bain-owned company, Sensata, is outsourcing Illinois jobs to China; employees want Mitt Romney to intervene. The soon-to-be-ex-workers have been forced to train their own Chinese replacements. Their jobs are being shipped to China in November.

America first! Go Mitt!

Sensata worker Mary Jo Kerr:

"Once it closes, it's devastating for the whole entire town. Everybody's just walking around slumped over not knowing what they're gonna do."

"[I thought Romney's] gonna create American jobs. He says that's what he's gonna do... And when I found out that he owned Bain Capital and Bain Capital owned Sensata and they were shipping our jobs to China, I was furious."

"He's a bald-faced liar. I mean, he's going out there saying I'm gonna create American jobs when, no he's not. He's profiting off of jobs going overseas."

"Having to train somebody [Chinese workers] to take your job and you don't have any control over it, it was probably the hardest thing I had to do."

Thanks to Ed Schultz for staying on this story.

All of our Sensata posts are here.

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Ronald Reagan’s budget director: Romney "job creator" claims "dead wrong."

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David Stockman was Ronald Reagan's budget director, and he is challenging, skewering, dissecting, and examining in great detail something that the "mainstream media" won't in his lengthy article in Newsweek: All that boasting by Mitt Romney about being a "job creator" who could successfully run this country as a business and create miraculous wealth for Americans.

Shorter Stockman: Oh come now:

Bain’s billions of profits were not rewards for capitalist creation; they were mainly windfalls collected from gambling in markets that were rigged to rise. Nevertheless, Mitt Romney claims that his essential qualification to be president is grounded in his 15 years as head of Bain Capital [...]

Except Mitt Romney was not a businessman; he was a master financial speculator who bought, sold, flipped, and stripped businesses. He did not build enterprises the old-fashioned way—out of inspiration, perspiration, and a long slog in the free market fostering a new product, service, or process of production. Instead, he spent his 15 years raising debt in prodigious amounts on Wall Street so that Bain could purchase the pots and pans and castoffs of corporate America, leverage them to the hilt, gussy them up as reborn “roll-ups,” and then deliver them back to Wall Street for resale—the faster the better.

That is the modus operandi of the leveraged-buyout business, and in an honest free-market economy, there wouldn't be much scope for it because it creates little of economic value.  [...]

I know the pitfalls of private equity. The whole business was about maximizing debt, extracting cash, cutting head counts, skimping on capital spending, outsourcing production, and dressing up the deal for the earliest, highest-profit exit possible. [...]

The credentials that Romney proffers as evidence of his business acumen, in fact, mainly show that he hung around the basket during the greatest bull market in recorded history. [...] Bain’s acclaimed success with another retailer—Staples—is also not what it is touted to be. [...] The Romney campaign’s feckless narrative that private equity generates real economic efficiency and societal wealth is dead wrong.

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VIDEO: Mitt Romney "should lose the election just on this issue."

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Visit NBCNews.com for breaking news, world news, and news about the economy

United Steelworkers' Leo Gerard spoke out on behalf of the non-union workers on the Ed Show:

"This is a disgrace! [Mitt Romney] should lose the election just on this issue."

"This can't be the America we're headed to. We've gotta stop this from happening."

To refresh your memory, the Bain-owned company, Sensata, is outsourcing Illinois jobs to China; employees want Mitt Romney to intervene. The soon-to-be-ex-workers have been forced to train their own Chinese replacements, and to add insult to injury, had to take down the American flag (added: temporarily). That's right, Bain Capital forced Sensata to take down an American flag and put up a Chinese one.

Their jobs are being shipped to China in November.

How's that for patriotism? America first, right Mitt?

New York Times:

“[Romney] owns about $8 million worth of Bain funds that hold 51 percent of Sensata’s shares.  If Sensata saves money by closing the Freeport plant, that could add money to Mr. Romney’s trust accounts, now or after the election.”

The company is located in Freeport, Illinois, but now they soon-to-be-ex-employees are calling it "Romneyville, suburb of Bainsport."

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Illinois Workers Fight Back Against Bain Capital Outsourcing Their Jobs to China

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Bain Capital photo via Boston.com

Remember Sensata? If not, read this post: Bain owned company outsourcing Illinois jobs to China; employees want Mitt Romney to intervene.

To add insult to injury, those soon-to-be-ex-employees have to train their own Chinese replacements. Their jobs are being shipped to China by the end of this year.

Now Your Daily Dose of BuzzFlash at Truthout, via my pal Mark Karlin:

BuzzFlash at Truthout talked today to Tom Gaulrapp who is losing his job after 33 years because Mitt Romney's Bain Capital is sending the Sensata plant where he works to China. [...]

Over the past several weeks, the Sensata workers ... have put pressure on Mitt Romney through a campground protest across from the Freeport plant, solicited community support, started a press release campaign, and are currently conducting a bus tour targeting outsourcers of jobs to China.  The soon to be displaced employees call their encampment Bainport and maintain a website to publicize their efforts. 

[T]he Romney campaign finally responded through a spokesperson earlier this week:

"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

Say what?  ... Gaulrapp told BuzzFlash that unions are fully supporting even though the plant is not a union shop.  But the Romney campaign's effort to blame Obama for Bain's outsourcing of jobs to China is so brazen, such a big lie, many people might think it is true.

As part of his retirement holdings, which earned him more than $20 million in 2011, Romney has a stake in the Bain Capital fund that owns Sensata, so he directly benefits from the outsourcing.  

Please read the entire post here.

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