Mitt Romney: Job Creator. NOT!
It’s already well known that Mitt Romney eliminated zillions of jobs during his career at Bain Capital and other private equity firms. Hopefully, the Democrats’ TV commercials will drive this point home relentlessly to everyone who doesn’t already know this.
But it gets even better. This is the most specific item yet about Romney’s distinguished “career.” A Kansas City, MO steel mill, Worldwide Grinding Systems, went out of business less than ten years after Bain Capital became the company’s majority shareholder. Romney was CEO of Bain Capital during this period.
Worldwide Grinding Systems had been in business since 1888. When the company folded, its workers were denied the severance pay and health coverage they’d been promised. And their retirement pensions were reduced by $400 a month. Nice job Mitt.
And the flipflops get even better too. Mitt Romney has already performed more flipflops on more issues than any creature in the universe. And now this: Romney was against the Wall Street bailout of 2008 — when George W. Bush was president — and he was against Obama’s bailout of the auto industry. But when Worldwide Grinding Systems went bankrupt — thank you Mitt Romney — the company received a $44 million bailout from the federal government.
And after the dust settled, Bain Capital ended up making a $4 million dollar profit — plus $4.5 million in consulting fees — from purchasing and destroying Worldwide Grinding Systems.
Does anybody seriously want this leech in the White House??? What Bain CEO Mitt Romney did to Worldwide Grinding Systems, President Mitt Romney will do to America.