Bain Capital did not shut down the steel mill in the lying advertisement

Discussion in 'Politics' started by tinydancer, Aug 8, 2012.

  1. tinydancer
    Offline

    tinydancer Diamond Member

    Joined:
    Oct 16, 2010
    Messages:
    41,498
    Thanks Received:
    9,356
    Trophy Points:
    2,070
    Location:
    Sundown
    Ratings:
    +21,016
    Hot off the grill at the Daily Mail we have another major whopper from the "Romney killed my wife ad".

    Bain Capital's investment did not shut down GST Steel

    'Mitt Romney and Bain Capital made millions for themselves and then closed this steel plant,' a dramatic headline in the ad reads.

    The real story is much more complex.

    Bain Capital was one of several investors that paid $80million to buy the plant from Armco in 1993.

    At the time it was struggling. Armco lost $640million that year. The American steel industry was in the midst of massive shutdowns and struggles as they lost ground to cheaper foreign imports, the Wall Street Journal reports.

    Bain folded the Kansas City plant, GST Steel, into a company called GS Industries, which made $1billion in revenues by 1996.

    GST Steel in Kansas City closed, laying off 750 workers including Mr Soptic.

    It was the only plant in GS Industries that was forced to shut down as a result of the bankruptcy reorganization, the Journal reports.

    Read more: Deception revealed in Obama attack ad that blames Mitt Romney for woman's cancer death | Mail Online


     
    • Thank You! Thank You! x 1
  2. WillowTree
    Offline

    WillowTree Diamond Member

    Joined:
    Sep 15, 2008
    Messages:
    68,156
    Thanks Received:
    10,167
    Trophy Points:
    2,030
    Ratings:
    +14,729
    The debates should be firey and interesting. I hope Romney is making a lie list. Hit em with it hard.
     
    • Thank You! Thank You! x 1
  3. asaratis
    Offline

    asaratis Uppity Senior Citizen Gold Supporting Member Supporting Member

    Joined:
    Jun 20, 2009
    Messages:
    12,288
    Thanks Received:
    2,655
    Trophy Points:
    245
    Location:
    Stockbridge
    Ratings:
    +4,525
    Liberals will still squeeze this story for all it is worth to them. (They do not care that it is misleading and untruthful.)

    Thanks for the link.
     
  4. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    did the guy lose his job ?


    quit pretending mitt was not a corporate raider
     
  5. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    Mitt made his living doing what was called corporate raiding back in those days.


    Now if you think that makes him a great guy than admitt what he did for a living
     
  6. GHook93
    Offline

    GHook93 Aristotle

    Joined:
    Apr 22, 2007
    Messages:
    17,921
    Thanks Received:
    3,126
    Trophy Points:
    255
    Location:
    Chicago
    Ratings:
    +4,931
    I said it once: Mr Soptic wife might be in heaven, but he is certainly going to hell! :eusa_whistle:
     
  7. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    Corporate Raider Definition | Investopedia


    Definition of 'Corporate Raider'
    An investor who buys a large number of shares in a corporation whose assets appear to be undervalued. The large share purchase would give the corporate raider significant voting rights, which could then be used to push changes in the company’s leadership and management. This would increase share value and thus generate a massive return for the raider.


    Read more: http://www.investopedia.com/terms/c/corporate-raider.asp#ixzz22zT6q5qv
     
  8. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    Mr Soptic told NO lie in the ad.

    go view it and bring me a quote of his direct words that you claim are a lie
     
  9. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    Trashing regular Americans for telling their story is evil shit you scums
     
  10. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233

Share This Page

Search tags for this page

did romney shut down companies and put people out of work