Bain Closes U.S. Plant, Forces Workers to Train Chinese Replacements!

Throughout this presidential election cycle, we've heard attacks on the business practices of Bain Capital, the private equity firm co-founded by Mitt Romney in 1984. Most recently, a political action committee that supports the re-election of President Obama released an ad featuring Joe Soptic, a former steelworker who lost his job, and hence health insurance for himself and his family, after the closing of the Bain-owned plant where he worked. Soptic's wife subsequently died of cancer; in the ad, he blames Bain and Romney for the fact that she didn't get care in time to detect and treat her disease.

"I don't know how long she was sick," Soptic says, "and I think maybe she didn't say anything because she knew that we couldn't afford the insurance."

[link to www.dailyfinance.com]