And just flat out no good for America. The Obama Campaign is fired up and going hard. They released two documentary style videos AND a website detailing three companies that went bankrupt after Bain acquired them: (1) GST, a steel mill in Kansas City, (2) Dade International, a medical diagnostics equipment firm, and (3) Stage Stores, a chain of small-town department stores.
Romney wants to harp on his business expertise – fine, let’s do that. The videos below illustrate how GST fared under Bain (and thus Romney’s) “leadership”:
The company, which was more than 100 years old, failed after a decade under Bain’s ownership; GST’s 750 employees lost their jobs, pensions and health benefits. Bain, however, made money, investing $8 million in the company and taking out $4 million in profits and $4.5 million in management fees. The Romney campaign contends that GST, with its unionized workforce, could not compete with cheap foreign steel being dumped on the market. The Obama campaign alleges that Bain burdened GST with crushing debt while sucking the company’s coffers dry. (wp)
(1) First video is the shorter one (2 mins):
“We view Mitt Romney as a job destroyer”
Quote: “He’s running for President and if he’s going to run the country the way he ran our business I wouldn’t want him there – he would be so out of touch with the average person in this country…”
(2) The second one is longer (6 mins). Seriously it is worth the time to watch it.
“It was like a Vampire, they came in and sucked the life out of us.”
(3) The third video was released by Obama’s SuperPac “Priorities USA Action” (yeah Romney ain’t the only one with a SuperPac so there!) and basically tells the same story but so what this story should be repeated over and over AND OVER again. Romney is NOT what is best for America.
“He’ll give you the same thing he gave us – nothing. He’ll take it all.” #true
You want to know what is way more alarming and frightening than a teenage Romney who bullied a gay classmate? An adult Romney who lies every single time he opens his mouth; an adult Romney who likes to fire people; an adult Romney who wants a constitutional amendment banning gay marriage and an adult Romney who does not have an ounce of concern about your middle class or lower income financial woes.