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

 
Anonymous Coward
User ID: 5248308
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01/10/2012 07:38 AM
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Romney's Bain Capital at work - loss of jobs, federal bailouts
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]
Anonymous Coward
User ID: 1537959
United States
01/10/2012 11:17 AM
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Re: Romney's Bain Capital at work - loss of jobs, federal bailouts
he's a piece of trash, but Sheeple love it.
MaMa
User ID: 19771150
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10/14/2012 12:50 PM
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Re: Romney's Bain Capital at work - loss of jobs, federal bailouts
[link to bainport.com]

If you care about saving America jobs, here's an interesting site about the company Sensata that Romney (Bain capital) is closing near Chicago and outsourcing the jobs to china. Workers have asked Romney to intervene and stop this decision, but he's refused to respond.
Anonymous Coward
User ID: 5490382
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10/14/2012 12:52 PM
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Re: Romney's Bain Capital at work - loss of jobs, federal bailouts
he's a piece of trash, but Sheeple love it.
 Quoting: Anonymous Coward 1537959


Oblabla? yes, he's unelectable but the sheeple do love him...GOT EBT?
PravdaDemocrat

User ID: 19228212
United States
10/14/2012 12:53 PM

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Re: Romney's Bain Capital at work - loss of jobs, federal bailouts
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]
 Quoting: Anonymous Coward 5248308


FOR THE THIRD TIME TODAY, DUMBASS, the CURRENT CEO of Bain is a huge Obama supporter/bundler!

Gs had DECADES of union problems, and was almost bankrupt due to CLEAN AIR ACT regulations, long before Bain came along.

And THE OTHER GS Steel plant that MSNBC never tells you about, Steel Dynamics in Ft Wayne, emplys 2,100 people, AND IS DOING JUST FINE....
Anonymous Coward
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10/14/2012 12:53 PM
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Re: Romney's Bain Capital at work - loss of jobs, federal bailouts
would you obama campaign tards go away we dont listen to you