Godlike Productions - Reply to Thread

Users Online Now: 2,272 (Who's On?)	Visitors Today: 960,281
Pageviews Today: 1,601,804	Threads Today: 647	Posts Today: 11,532
04:03 PM

REPLY TO THREAD

Subject Romney's Bain Capital at work - loss of jobs, federal bailouts

User Name

Font color: Font:

In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.

[quote:Anonymous Coward 5248308:MV8xNzUwMTg0X0NFNDZCMDE4]
Romney's Bain Capital at work - loss of jobs, federal bailouts

In this worst economic environment since the Great Depression, is this really the person we need guiding the economy? Sure Mitt cashed in as did his friends at Bain, but the costs involved sound much too high for everyone else. It's not unlike the federal bailout of bankers, where they all got huge bonuses while the rest of us were left with the bill. Romney's Bain Capital at work:

It was a gamble. The old mill, renamed GS Technologies, needed expensive updating, and demand for its products was susceptible to cycles in the mining industry and commodities markets. Less than a decade later, the mill was padlocked and some 750 people lost their jobs. Workers were denied the severance pay and health insurance they'd been promised, and their pension benefits were cut by as much as $400 (258 pounds) a month. What's more, a federal government insurance agency had to pony up $44 million to bail out the company's underfunded pension plan. Nevertheless, Bain profited on the deal, receiving $12 million on its $8 million initial investment and at least $4.5 million in consulting fees.

http://www.americablog.com/2012/01/romneys-bain-capital-at-work-loss-of.html

Romney is NOT ELECTABLE

http://www.youtube.com/watch?v=GwxQvkZKSNs
[/quote]

Original Message Romney's Bain Capital at work - loss of jobs, federal bailouts

In this worst economic environment since the Great Depression, is this really the person we need guiding the economy? Sure Mitt cashed in as did his friends at Bain, but the costs involved sound much too high for everyone else. It's not unlike the federal bailout of bankers, where they all got huge bonuses while the rest of us were left with the bill. Romney's Bain Capital at work:

It was a gamble. The old mill, renamed GS Technologies, needed expensive updating, and demand for its products was susceptible to cycles in the mining industry and commodities markets. Less than a decade later, the mill was padlocked and some 750 people lost their jobs. Workers were denied the severance pay and health insurance they'd been promised, and their pension benefits were cut by as much as $400 (258 pounds) a month. What's more, a federal government insurance agency had to pony up $44 million to bail out the company's underfunded pension plan. Nevertheless, Bain profited on the deal, receiving $12 million on its $8 million initial investment and at least $4.5 million in consulting fees.

[link to www.americablog.com]

Romney is NOT ELECTABLE

[link to www.youtube.com]

Pictures (click to insert)





\| Next Page >>