“Rommunism”? Or, Oligarchy? If Mitt Romney wins, we will “all” work at Walmart as the fat cats working on Wall Street get more wealthyTuesday, October 16th, 2012
Some folks on Twitter have been referring to Mitt Romney’s crony capitalism as Rommunism — but I prefer to call it a direction that is heading towards an oligarchy, or system of top elites while destroying the middle class.
If Mitt Romney wins, we will “all” work at Walmart as the fat cats working on Wall Street get more wealthy, and as MUSE eloquently puts it: “It’s time the fat cats had a heart attack ….”
A modest protest of Bain Capital’s role in the ongoing layoffs at the Freeport Sensata plant has led to a full-fledged grass-roots effort to give displaced local workers a voice.
Cheryl Randecker of Freeport is one of the Sensata workers who organized a Bain Capital protest, which took place outside the Sensata Technologies/Honeywell plant in Freeport. Her stories has stayed with us and we will continue to pound that drum with regard to Romney’s history of hurting the middle class worker.
In early 2011, Sensata announced it would be closing its local plant by the end of 2012, and relocating the jobs there to a plant in China. Normal operations will continue at the Freeport plant until then, but roughly 170 jobs are being phased out gradually. Sensata is a maker of sensors and controls that are used in aircraft, automobiles, and electric motors.
Recently, it was revealed that Sensata is owned by Bain Capital, the private equity firm that Republican presidential candidate Mitt Romney helped start. On Monday, June 18, while Romney was campaigning in Wisconsin, Randecker and over a dozen of her fellow workers staged a protest urging Romney to visit Freeport to see firsthand how companies are “killing jobs and sending them overseas,” states a news release from Stand Up! Chicago, a labor coalition that supports Randecker’s cause.
Randecker said her group may hold additional protests in the future and is working to urge Congress to pass the Bring Jobs Home Act. This legislation would give eligible firms a tax credit to relocate outsourced jobs back to the U.S.
“With the people backing up our issue with Sensata, we’re hoping it will snowball,” Randecker said. “It might be too late for me and my job, but not for my kids.”
Randecker, a single parent, said she plans to return to college and get a degree. She has worked for Honeywell and Sensata for a combined total of 33 years.