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Romney’s Investments in 10 Chinese Companies that Embezzle, Ally with Iran, and Stole US Trade Secrets, Plus Romney Company Forces Workers to Take Down US Flag and Train Chinese Workers

October 13, 2012 at 11:02 am by: seeta Category: 2012 Election, Anti-Racism, Civil Rights, Consumer Rights, Economic Terrorism, Intersectionality, Poverty, White Privilege, Workers' Rights

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From MotherJones:

On the campaign trail, Mitt Romney rips President Obama’s policy on China and talks tough against the rising global power. “We’re going to crack down on China,” he said at a recent event in Ohio. “They’ve stolen our jobs; that’s gotta stop.” But according to Romney’s recent tax returns, between 2008 and 2011 Romney invested more than a half million dollars in the stocks of 10 Chinese companies—including firms that embezzled, partnered with Iran, and stole US intellectual property.

Here are the investments in 10 Chinese companies revealed in tax returns for the W. Mitt Romney Blind Trust (2010 and 2011) and the Ann and Mitt Romney 1995 Family Trust (2010) and (2011).

Romney’s Company Forces Workers to Take Down American Flag and Train Chinese Workers:

Right now in Freeport, Illinois, some 170 workers at an auto sensor plant are sleeping in tents to protest Bain-owned Sensata Technology’s decision to ship their jobs to China.

Romney claims he knows nothing about this.

But the New York Times explains: “[Mitt 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.”

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