In New York there is a $400 million renovation project on the Alexander Hamilton Bridge.<quoted text>Oh,,, If we could just have elected this great American as our leader. Look what he could have done for all businesses.
What a businessman Mitt is.
WASHINGTON -- On Tuesday, officials from Bain Capital-owned Sensata Technologies threatened to shut down its north-central Illinois plant "immediately and indefinitely" if those protesting the offshoring of the facility's jobs entered the plant in an act of civil disobedience again, according to local city officials.
The plant in Freeport, Ill., which is already scheduled to close at the end of the year, has become an embarrassing campaign issue for GOP presidential nominee Mitt Romney who still owns 51% of the Bain Capital stock. The factory's 170 jobs are being relocated to China. Activists and workers have called on Romney to use his influence with Bain to halt the offshoring.
In California, there is a $7.2 billion project to rebuild the Bay Bridge connecting San Francisco and Oakland.
In Alaska, there is a proposal for a $190 million bridge project.
These projects sound like steps in the right direction, but much of the work is going to Chinese government-owned firms.
The state of California rejected federal funding for a major portion of the Bay Bridge in order to go with a Chinese company that offered the lowest bid. The move cost Americans almost 3,000 jobs -- jobs that cost the struggling California economy millions of dollars in wages, taxes and potential consumer spending.