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.
Labels: Bain Capital, Mitt Romney, Worldwide Grinding Systems
posted by Tom Harper @ 12:40 PM
8 Comments:
Romney is a remarkably self-centered person. I'm not sure he can survive not becoming president.
Maybe Mitt, as president, will do for the American government what he did for Bain Capital. That is, take over all the corporations, take all their cash, sell off their assets, and bankrupt them. In the process, make a lot of profit for the government and pay off our debt.
And they say Romney's not a Republican. With a record like his, he's a Republican's Republican. I should think the Koch brothers would have orgasms at the thought of him being sworn in as president.
Critter, there's one thing wrong with your idea that will keep Romney from ever doing that: What's in it for Romney?
I think I've found a Republican I like. The best candidate you never heard of, Buddy Roemer. Don't really know much about him, but I like everything I have heard.
I have to agree with SW. More than likely Mittens would sell off national assets for his own gain. And the company doing the selling would of course be Bain.
J: He'll be OK; he'll just run again in 2016, 2020, 2024...
Jerry: Interesting theory. OK then, Mitt Romney for President :)
SW: I'm sure the Koch Brothers are orgasmic over Romney. Even though they've already showered millions of dollars on Cain, they're sure to have a few gazillion dollars left over for Romney.
Mr. C: From what little I know about Buddy Roemer, he'd never stand a chance. His main theme is getting corporate money out of politics -- which I agree with wholeheartedly. He was a 1-term governor of Louisiana, and that's all I know about him. The GOP establishment won't touch him with a ten foot pole.
Demeur: We'd have to rename the country the United States of Bain Capital.
oh but Obama will rape the SS system and put car dealers out of business and payback favors to his supporters.
Not to mention screwing the bond holders of GM. See screwing people is an equal opportunity ream.
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