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

[Charles_Main]

The Facts of this situation are pretty clear. Bain Took over a Steel Company at a time when the US steel industry was faltering, Prices were in the Cellar. The out look for the Company before Bain was shutting their doors in less than a year, For good. Bain kept the doors open for 4 more years, and then yes shut it down because the US steel industry was Shattered.

This LIAR, who's Wife it turns out had her own Insurance for 3 years after her Husband lost his, would have lost his Job 3 years sooner with out Bain.

that is the cold hard truth, though I doubt a Single lib in here would ever admit it.

 

[candycorn]

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

Did Romney own bain when it shut down the plant?

 

[tinydancer]

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

Did Romney own bain when it shut down the plant?

GS Industries shut down the plant.

Here Candycorn. The world is very aware now because this story is flaming across the planet because it's such a blatant lie. Go to the link. Daily Mail writes it in crayon.

The advertisement is a lie. Mr. Soptic is a liar.

However brutal Mr Soptic's claims are, the facts tell a different story.

Romney did not close the steel mill

Mr Soptic, though, blames the plant closure directly on the presumptive Republican nominee.

'I don't think Mitt Romney knows what he has done to people's lives by closing the plant. I don't think he realizes that people's lives have completely changed,' he says in the ad.

In 1999, Romney left Bain Capital to run the 2002 Salt Lake City Olympics. He was no longer at the company when GS Industries went bankrupt in 2001 in the face of mounting losses.

He formally left Bain for good in 2002.

When Mrs Soptic died in 2006, Romney was governor of Massachusetts and hadn't been in charge of Bain for seven years.

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.

Mrs Soptic did not lose her healthcare because her husband lost his job

'When Mitt Romney and Bain closed the plant, I lost my healthcare. And my family lost their healthcare,' Mr Soptic states in the video.

But that's not true, he admits.

At the time he lost his job, Mr Soptic was earning about $41,000 a year. Mrs Soptic also had a job working at a local thrift store that gave her health insurance, CNN reports.

She kept the job, and the health benefits, until she was forced to quit in 2003 after an injury.

Mrs Soptic died five years after the plant shut down

Here's how the ad plays the timeline: Mr Soptic describes losing his health insurance as a result of the plant closure.

'A short time after that, my wife became ill,' he says.

However, it was not until 2006 -- five years after the plant closed -- that this happened, Mr Soptic has admitted.

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

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



He's a liar using his dead wife to get Obama elected. And Obama's campaign is using this liar. I've seen dirty and disgusting political tricks before but this is over the top.

 

[Truthmatters]

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

Gee you guys why did you answer?

 

[Truthmatters]

The man didnt lie about anything

 

[washamericom]

does anyone know if joe soptic's wife was a smoker ?

 

[Truthmatters]

why you want to blame her for her own death.

you guys just love trashing dead people huh

 

[WillowTree]

Somebody tell me if TM is having a meltdown! I have her on ignore but can tell she's responding with rapid fire!

 

[Truthmatters]

willow travels so low she leaves snail trails

 

[washamericom]

i don't want to blame anyone for anything. i heard she died of lung cancer ? i hate to say it it reminded me of al gore's dead sister speech.

of course his family got rich growing tobacco... that's all.

 

[Truthmatters]

i don't want to blame anyone for anything. i heard she died of lung cancer ?

so that means she didnt deserve healthcare?

 

[uscitizen]

It was the same plant right? The names were changed to protect the guilty.

 

[washamericom]

i don't want to blame anyone for anything. i heard she died of lung cancer ?

so that means she didnt deserve healthcare?

what about cobra ??

 

[Charles_Main]

i don't want to blame anyone for anything. i heard she died of lung cancer ?

so that means she didnt deserve healthcare?

So Bain should have Willed the US steel Industry Back to Life so nobody had to lose their Jobs huh.

lol

what an idiot you are.

 

[Charles_Main]

i don't want to blame anyone for anything. i heard she died of lung cancer ?

so that means she didnt deserve healthcare?

what about cobra ??

You are talking way above TM's level of understanding. I doubt she even knows what Cobra is.

 

[Truthmatters]

this family lost ist main income and its good healthcare.

they were living on unemployement and her Savers job.

Savers does not pay very much you guys.


quit pretending these people were NOT effected by the leadership of Bain

 

[Conservadude]

If Romney is responsible for this woman's death, then I guess Obama is personally responsible for the deaths of those who have lost health insurance due to job loss under him! Right?!

 

[Truthmatters]

Go get the quote from the man to prove he said what you claim

 

[Charles_Main]

this family lost ist main income and its good healthcare.

they were living on unemployement and her Savers job.

Savers does not pay very much you guys.


quit pretending these people were NOT effected by the leadership of Bain

You need to Quit Pretending Bain killed this Company. The entire US Steel Industry took a dive during this time sweet heart.

You need to stop drinking the Kooaide and learn to think for yourself. The man would have lost his Job either way, with or with out Bain. In fact you can make a strong argument he would have lost it sooner with out Bain.

 

[OODA_Loop]

Go get the quote from the man to prove he said what you claim

CNN did that for me.