Walker's "Bain Capital" takeover of Wisconsin.

Like Mitt Romney’s time at Bain Capital, Scott Walker sees himself as a “turnaround specialist.”

Politics and business are so closely tied together now that holding office is no different than being a corporate CEO.

Applying the same concept to state government, Walker is clearing a path to the White House in the same way business clears a path to higher profits. I thought Rolling Stone’s Matt Taibbi came the closest to describing the similarities when he wrote about Mitt Romney. Like Walker’s transportation borrowing and his “divide and conquer” strategy for unions and taxpayer support for the public “commons,” the philosophy is identical to the corporate model:

The new borrow-and-conquer economy was morally sanctified by an almost religious faith in the grossly euphemistic concept of "creative destruction," and amounted to a total abdication of collective responsibility by America's rich, whose new thing was making assloads of money in ever-shorter campaigns of economic conquest, sending the proceeds offshore, and shrugging as the great towns and factories their parents and grandparents built were shuttered and boarded up, crushed by a true prairie fire of debt.

Walker takes Bain Capital approach to state economy: With massive amounts of corporate spending and really dirty politics, Walker stayed on as Wisconsin CEO and turnaround artist. Like Bain Capital, Walker is stripping away everything; public jobs, the UW, parks, transportation and costly environmental protections from the state budget, while providing a huge return for corporate donors. Declaring success, Walker will then move on to a better job leaving Wisconsinites behind to face the consequences of his actions.

This wasn't a concept I came up with. Credit former candidate for state supreme court justice and Marquette University law professor Ed Fellone. Listen to his response (1:05 min. in) to Walker's budget and conservative pundit and financial planner Keene Winters on WPR’s Joy Cardin Show:

Taibbi also wrote this, again reminding me of Walker:

Obama ran on "change" in 2008, but Romney (Walker) represents a far more real and seismic shift in the American landscape … the frontman of an economic revolution, in which transactions are manufactured instead of products, wealth is generated without accompanying prosperity … while American communities fall apart. It's a vision of society that's crazy, vicious and almost unbelievably selfish, yet it's running for president, and it has a chance of winning. 

The Sensata Story.

I thought this broadcast from Freeport, Illinois' Sensata Technologies, by Ed Schultz, was an important moment on cable news. With the help of radio's Sly in the Morning, who did an entire show there, more people are seeing how American jobs are streaming out of this country. This is what we can expect from our "job creators." Profitable companies in this country want more, and can get it, with $1 an hour workers in China.

I wonder what would happen if Sensata employees actually offered to take a dollar an hour? Let's face it, that's the real goal here anyway.



Part 2; Ed compares workers wages at Sensata, and "wages and benefits" in China. It's kinda obvious which business model is preferred.

The old saying "The bane of my existence" now U.S. policy, as in Bain Capital.

The whole outsourcing debate isn't really a debate anymore, it's now a necessary evil in our global economy. We don't have a choice, so what's all the whining about? Many Americans just hope they won't see $1 an hour jobs while they're in the workplace. But our kids...well, at least we won't leave the large deficits? Even that won't be true.

The days of being a good corporate citizen are over now, since discovering community outreach programs, local support of public facilities and area sports teams weren't necessary to their success. 

In fact, it's just the opposite. With conservative pundits and radio talkers more concerned with vilifying liberal policy, they don't seem at all concerned that the following party attitude will drain the U.S. of its buying power, cause the deaths of its citizens, see a decline in educating the public, leave our seniors homeless and humiliated, avoid social responsibility, and protect corporations from the whims of any political party. 

MSNBC: In his book “Unintended Consequences,” Edward Conard, the former Bain Capital partner and an outspoken supporter of Romney, championed offshoring as a way to improve cost-efficiency and deliver value to consumers:

"Let’s not kid ourselves about just how cheap offshore labor really is. We not only pay substantially less per hour, we also avoid the costs we would incur if these workers immigrated here. We don’t pay for their medical expenses when they show up in the emergency room without insurance. We don’t pay for their pension costs if they don’t save for retirement. We don’t pay for their children’s public education. Nor do we pay for their out-of-wedlock children, their unemployment benefits and workers’ compensation, their slip and fall torts, their wear and tear on our public infrastructure, and the cost of their drunk driving, drug use and other crimes. We outsource pollution, its adverse effects on our health, and its clean-up costs. Neither the employees nor their employers are here to vote and seek political handouts."

If Companies Consider Employees their biggest Expense, Why would we want the U.S. to be run like a business?

The guys with all the money are the biggest whiners and doomsayers.

These corporate Chicken Little's are so apoplectic about a possible tax increase that they've even warned their employees that jobs will be cut and benefits slashed if Democrats got their vote.

But wait, how much anguish have employees had to endure since wealthy Wall Street bankers crashed the global economy? And just as relevant, how have CEO's fared in all of this?

See what happened to a growing middle class after the Great Recession, before and after. For Wall Street, it was just another bump in the road. According to the Economic Policy Institute:

And from 1973 to 2011, men in the more blue collar manufacturing sector has tanked due to offshoring, like the jobs at Bain Capital's Sensata Technologies plant:

Bain's Sensata Technologies move to China gets Media Mention....

Huffington Post's Ryan Grim trashes Bain Capital, all the while explaining how Mitt Romney pocketed $1 million for shipping Sensata jobs to China.

The Bain Funds sales pitch for offshoring work to China:

Manufacturing wages are 85% lower than American.

Likelihood that China will surpass the U.S. as the world's largest economy.

Bain was made in the image of Romney, yet the race is even? Maybe the American public is okay with a return to slavery...their own. Al Sharpton:

Romney's Bain Employees Ripe for Harvesting, Unemployment.

Not another one? Mother Jones found this little piece of cruelty from Bain CEO Mitt Romney. Ed Schultz gets Robert Reich to explain:

Ryan Promise's a Bain managed America. That's good?

If you're at all familiar with Bain Capital's business model, the pride of Mitt Romney, than what Paul Ryan promised a panting crowd in De Pere today was a frightening warning.

First, a short primer on Bain Capital. Rolling Stone's Matt Taibbi laid out what Romney did at Bain, and what you'd never want to see in a president. "Firing" citizens would be tough to do, even for Romney, and running up debt leaving Americans with the bill like Bain did regularly, seems like an odd direction to go.



Here's Ryan's promise that Romney will run America like Bain:

Romney's Bain Capital acquisition, Sensata Technologies, Takes Down U.S. Flag for Chinese!!!

Turning our lives over to corporate ownership will soon be providing a few surprises to those demanding freedom and liberty from regulations and government interference.

As Think Progress reported back in June:

Employees at Sensata Technologies in Freeport, Illinois, protested Mitt Romney's visit  to nearby Janesville, asking the Republican presidential candidate and former head of Bain Capital for their jobs. Sensata is now owned by Bain and is in the process of laying off hundreds of American workers. The workers know that Romney has the influence at Bain to save their jobs and since he's campaigning on a "jobs first" platform, they asked him to put his money where his mouth is.

Another protest is again taking place, this time at the Wisconsin Romney Headquarters at 2980 Cahill Main in Fitchburg at 4:30 PM. Below, Sly in the Morning talked with Tom Gaulrapp, who revealed what happened at Sensata when they hosted a few Chinese engeneers. They took the American flag down:

Bain Capital victim Senata Technologies in Illinois moving to China.

Sensata Technologies in Freeport Illinois are protesting layoffs due to outsourcing. Employees wanted to send a message to Mitt Romney in nearby Janesville that their company, once owned by Bain Capital, shouldn't be moving jobs to China. Fat chance anyone will be listening to that sad story, you know, the kind Wisconsin senate candidate Eric Hovde says he hates reading about in the papers, or see on TV. WREX: