When you're running on a narrative of creating American jobs better than the incumbent can, this is not the sort of story you need.
The much less weighty Salem-News.com puts it another way: "Romney's Company Forces U.S. Flag to Be Lowered in Illinois." Ouch.
When Bain first led a buyout of Sensata, in fact, it laid off hundreds of American workers and sent their jobs offshore. As the Times reported, the Labor Department spent $780,000 retraining some of the laid-off employees.
In addition, Mr. Romney’s generous retirement agreement ensures that he continues to profit from the deals and decisions that Bain makes. He 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.
Many conservatives want Mr. Romney to make a full-throated defense of these practices, and hope he explains to Americans that plant closings and offshoring are a natural part of capitalism and can have long-term positive effects for the economy.
But Mr. Romney clearly feels he can’t do that, because the political effect of defending layoffs would be toxic. That’s especially true because his entire campaign is built around accusing President Obama of not creating enough American jobs.
The much less weighty Salem-News.com puts it another way: "Romney's Company Forces U.S. Flag to Be Lowered in Illinois." Ouch.