Obama Campaign Ad....A lie.

[The T]

Well, some would say so....

I live in the Kansas City area and this steel mill had always been a mess.

Bain bought it and it went under. 750 jobs lost.

And Obama is pointing the finger at Romney.

The problem: Romney left Bain two years before the steel mill went under.

Here is an article that might help shed some light on the subject....

FAIL: Obama Ad Attacks Romney for Bain Bought Company That Laid People Off

But there is another major problem with linking the end of GST to Mitt Romney's work with Bain. Romney wasn't with Bain when GST went down. Romney had left Bain Capital in 1999, two years before GST's 2001 collapse.

But there was at least one guy linked to today's political landscape that was still at Bain when GST went down the tubes. Obama donor and a Bain managing director Jonathan Levine was working at Bain when GST went belly up.

So, the only person that worked for Bain when GST died was an Obama bundler that raised over $100,000 for Obama.

Curiously enough, that fact wasn't in the Obama ad video, either.

Then there's this. Even former Obama economic adviser Steve Rattner thinks the ad is "unfair."

*****************************

And when you see what they have to say about Union mandated overtime....it'll make you laugh. We hear the same thing happen all the time at the car plants in Claycomo County. The average worker makes 80 to 100 K per year doing a lot of B.S. jobs to get a certain amount of overtime because of the unions.

But, lets stay with the fact that Obama runs this ad and somehow thinks they can pin it on Romney.

Let's see Franco pull his head out of his ass and say something on this one....

Dupe.
Pubcrappe
Moron
Lol

Well, that is about the extent of his vocab.

The Statists have argued he knew and got out and profited anyway...(with NO proof)...

 

[hortysir]

Blah, blah, blah.

The point is, Bain's Modus opperendi had been established by Romney. Romney was in charge when they acquired GST and began the policy of loading it down with debt to pay themselves big bonuses.

Let's go ahead and concede the point that this steel mill, like the entire American Steel industry, was struggling. It has been since the 1970's, really.

That isn't really the point. The point was they took over a vulnerable company and looted it. And while Bain walked away with a 16 million dollar profit, the Federal GOvernment had to step in and fund their pension plan to the tune of 44 million.

This is really the worst kind of Corporate Welfare.

Not just to Joe, but also Sallow, Yank, & Wry Catcher (since they are the lemmings those chose to "Thank" this bullshit):

You four partisan hacks are so leg-thrilled to see that somebody got something on Romney you can't be honest with your selves enough to admit how minute it really is.

Okay, so what if Romney left Bain 2 yrs prior. The company still performed the same function; Shoring up a company on the brink of collapse.
They didn't move in and shut them down. The company stayed afloat for 9 more years
Not bad math when you think about it..... It took nine years for 750 jobs to be lost, a $16M profit to be realized, and a $44M debt added to the federal government's tab.

Romney is running on his business experience....his experience in running a company.
Do you know why that's his platform?
Because he fucking HAS business-running experience. Something Obama is completely devoid of.

And, speaking of Obama, let's re-visit some of that math I mentioned earlier.
Let's compare those nine years to Obama's first 2 years.
How many plants were closed, how many jobs lost and how many BILLIONS did he add to our debt while "bailing out" the auto industry? Thanks. For nothing.

Romney's numbers pale in comparison to Obama's debacle.

 

[drsmith1072]

Well, some would say so....

I live in the Kansas City area and this steel mill had always been a mess.

Bain bought it and it went under. 750 jobs lost.

And Obama is pointing the finger at Romney.

The problem: Romney left Bain two years before the steel mill went under.

Here is an article that might help shed some light on the subject....

FAIL: Obama Ad Attacks Romney for Bain Bought Company That Laid People Off

But there is another major problem with linking the end of GST to Mitt Romney's work with Bain. Romney wasn't with Bain when GST went down. Romney had left Bain Capital in 1999, two years before GST's 2001 collapse.

But there was at least one guy linked to today's political landscape that was still at Bain when GST went down the tubes. Obama donor and a Bain managing director Jonathan Levine was working at Bain when GST went belly up.

So, the only person that worked for Bain when GST died was an Obama bundler that raised over $100,000 for Obama.

Curiously enough, that fact wasn't in the Obama ad video, either.

Then there's this. Even former Obama economic adviser Steve Rattner thinks the ad is "unfair."

*****************************

And when you see what they have to say about Union mandated overtime....it'll make you laugh. We hear the same thing happen all the time at the car plants in Claycomo County. The average worker makes 80 to 100 K per year doing a lot of B.S. jobs to get a certain amount of overtime because of the unions.

But, lets stay with the fact that Obama runs this ad and somehow thinks they can pin it on Romney.

Let's see Franco pull his head out of his ass and say something on this one....

Dupe.
Pubcrappe
Moron
Lol

Well, that is about the extent of his vocab.

Bain ran the company for over six years while romney was in charge of the "day to day operations" of bain. Did romney's management at that time contribute to the comany's down fall? It is possible. Fact is that the company went under while bain profited.

BTW didn't romney officially leave bain in 2001?

 

[naturegirl]

John Lavine, a top Obama bundler giving over $100,000.00 to his campaign is managing Director at Bain Capital, today.............talk about a hypocrite!!

Obama bundler works at Bain Capital.

​

 

[boilermaker55]

Well, some would say so....

I live in the Kansas City area and this steel mill had always been a mess.

Bain bought it and it went under. 750 jobs lost.

And Obama is pointing the finger at Romney.

The problem: Romney left Bain two years before the steel mill went under.

Here is an article that might help shed some light on the subject....

.

Blah, blah, blah.

The point is, Bain's Modus opperendi had been established by Romney. Romney was in charge when they acquired GST and began the policy of loading it down with debt to pay themselves big bonuses.

Let's go ahead and concede the point that this steel mill, like the entire American Steel industry, was struggling. It has been since the 1970's, really.

That isn't really the point. The point was they took over a vulnerable company and looted it. And while Bain walked away with a 16 million dollar profit, the Federal GOvernment had to step in and fund their pension plan to the tune of 44 million.

This is really the worst kind of Corporate Welfare.

The truth that you stated will not sit well with the right wing. They ,Bain Capital, had no money to put in but they sure knew how to do vulture economics and take the money. And as you pointed out, it cost taxpayers money. And where did romney maybe put his money?Well of course, in an off shore account.
Surprise.
So is this patriotic? Is the in the best interest of America? Or, is it in the best interest of Bain Capital and its investors?

 

[saveliberty]

Fat Cat Wall Streeters just don't get it.

 

[drsmith1072]

Romney gets blamed for 750 but Obama is blameless for the net 1M jobs lost.

*shrug*

When did a majority of those job losses occur? You wouldn't be trying to blame obama for job losses on W's watch are you? Oh nvm the right has already been trying to do that but then it's fairgame. Funy how that doesn't apply to romney who has tried to take credit for jobs created that occured after he left bain. LOL

 

[drsmith1072]

Romney gets blamed for 750 but Obama is blameless for the net 1M jobs lost.

*shrug*

thanks for incoherent logic

need a lesson?

Yeah it's wrong to hold romney accountable for job losses that occured at a company that he ran for 6 years but it's ok to blame obama for job losses that occured before he was president. LOL

 

[drsmith1072]

Romney gets blamed for 750 but Obama is blameless for the net 1M jobs lost.

*shrug*

thanks for incoherent logic

need a lesson?

The only thing not logical about the situation is that Romney didnt lose the 750 jobs and he's still on the hook for em.
Obama on the other hand....

And add the numbers into the equation 750-compared to a million?

The ides that Obama can run using the "Jobs" platform is ridicules.

Logically speaking, how did obama possibly contribute to job losses before he was president?

Now comparre that to romney and how he ran a company for 6 years and made the deals with the unions, who the right wing has blamed for the bancruptcy, and yet despite his contibution he bears no responsibility?

 

[drsmith1072]

thanks for incoherent logic

need a lesson?

The only thing not logical about the situation is that Romney didnt lose the 750 jobs and he's still on the hook for em.
Obama on the other hand....

And add the numbers into the equation 750-compared to a million?

The ides that Obama can run using the "Jobs" platform is ridicules.

You're right Obama can't run on his "jobs platform", or his awesome budget, or his ability to unite Americans, he definitely can't run on his record........so what to do?? Oh yea, just try to destroy the other side with lies, he and Axelrod are good at that.

and yet he has campaiged on the number of jobs his policies have created and when republicans in the house refuse to act on his bidget other than to increase them (ie defense budget) how is he to be held accontable for something that was obstructed?
Republicans have openly stated that their main goal is to make obama a one term president and you blame him for the divisiveness? LOL

He has run on his record but you prefer the right wing talking points to the facts.

FACT: romney ran the company for 6 years before it had to declare bancruptcy and even though his campaign claims he didn't run the "day to day" operations of bain he didn't actually leave bain until 2001 after the company declared bancruptcy.

 

[Listening]

Romney gets blamed for 750 but Obama is blameless for the net 1M jobs lost.

*shrug*

thanks for incoherent logic

need a lesson?

Yeah it's wrong to hold romney accountable for job losses that occured at a company that he ran for 6 years but it's ok to blame obama for job losses that occured before he was president. LOL

So, does he get credit for the 4,000 jobs he created as cited in the article on Steel Dynamics ?

Let's see how far this door swings in the other direction.

 

[boilermaker55]

Tangerine is the new black.

Bain Capital is the new Haliburton.

Get ready for 4-8 years of Bain Derangement Syndrome if Romney's elected. Not to mention games of "Six Evil Degrees of Separation from Bain".

Same playbook as was run on W. Quelle suprise!

Have you ever looked into the osmosis of Haliburton?
Check it out once.

 

[Big Fitz]

Tangerine is the new black.

Bain Capital is the new Haliburton.

Get ready for 4-8 years of Bain Derangement Syndrome if Romney's elected. Not to mention games of "Six Evil Degrees of Separation from Bain".

Same playbook as was run on W. Quelle suprise!

Have you ever looked into the osmosis of Haliburton?
Check it out once.

"Osmosis of Haliburton"????

Right. Conspiracy theory is out the door to your left, down the hall 3 intersections, take a right then your next left, then a right, down the staircase, to the elevator, press B3, then left and left and left and left again. Keep going left till you fall down next to the broom closet marked "Tinfoil Hats".

 

[Listening]

FACT: romney ran the company for 6 years before it had to declare bancruptcy and even though his campaign claims he didn't run the "day to day" operations of bain he didn't actually leave bain until 2001 after the company declared bancruptcy.

Are you disputing Bain's claim they spent 100 million in upgrades....or is that your idea of corporate raid ?

Do you really think that Bain considered this a success compared to what they would have making had the plant been profitable ?

I live in this area and have for a long time. This mill has been on the bubble for decades. It was outdated and has real union issues (as cited in the article in the OP). Bain took a chance. That's what they do.

It's to bad the federal government didn't bail them out like they did GM.

Romney might have made a whole lot more of your money.

 

[drsmith1072]

Here is a Romney counter:

Steel Dynamics Chairman Hails Romney, Bain Capital For Early Funding, Thousands Of Jobs - Investors.com

Since emerging as the Republican front-runner, Mitt Romney has been pilloried as a corporate raider and greedy destroyer of working-class jobs because he once headed private equity firm Bain Capital.

A new video by a political action committee with ties to rival presidential candidate Newt Gingrich portrays Romney as someone who plundered companies for their assets, left them in debt and ruined countless lives of ordinary Americans.

That's not the view at Fort Wayne, Ind.-based Steel Dynamics (STLD), where Bain invested just as the company was getting off the ground in 1994. Today, Steel Dynamics is the fifth-largest U.S. steel maker, employing 6,437 workers, according to Chairman and just-retired CEO Keith Busse.

That number includes about 4,000 new jobs, with the rest coming via acquisitions.

But it goes further than that, Busse says. For every steel worker directly employed, there are three or four jobs created by a network of suppliers. He estimates the total employment base as the result of Steel Dynamics' success at around 25,000.

*******************************

Obama is desperate.

He's going to take a failed presidency and disgrace himself even further by muckraking the campaign.

He can't leave soon enough.

So you post a link talking about a company whose growth continued AFTER bain sold it's stake in the company in 2000 and despite the fact that you are arguing that romney deserves no blame for the negatives that occured AFTER he left bain in 1999 you are now trying to give him credit for the positive things that occured after he left??

Do you even see the hypocrisy?

 

[drsmith1072]

thanks for incoherent logic

need a lesson?

Yeah it's wrong to hold romney accountable for job losses that occured at a company that he ran for 6 years but it's ok to blame obama for job losses that occured before he was president. LOL

So, does he get credit for the 4,000 jobs he created as cited in the article on Steel Dynamics ?

Let's see how far this door swings in the other direction.

Well based on your argument that romney deserved no blame for losses that occured after he left in 1999 (your claim) then how can you give him credit for the positives that occured at a company after he left bain and after bain sold it's stake in the company?

BTW how does you sidestep address the hypocrisy that I pointed out?

 

[Listening]

Here is a Romney counter:

Steel Dynamics Chairman Hails Romney, Bain Capital For Early Funding, Thousands Of Jobs - Investors.com

Since emerging as the Republican front-runner, Mitt Romney has been pilloried as a corporate raider and greedy destroyer of working-class jobs because he once headed private equity firm Bain Capital.

A new video by a political action committee with ties to rival presidential candidate Newt Gingrich portrays Romney as someone who plundered companies for their assets, left them in debt and ruined countless lives of ordinary Americans.

That's not the view at Fort Wayne, Ind.-based Steel Dynamics (STLD), where Bain invested just as the company was getting off the ground in 1994. Today, Steel Dynamics is the fifth-largest U.S. steel maker, employing 6,437 workers, according to Chairman and just-retired CEO Keith Busse.

That number includes about 4,000 new jobs, with the rest coming via acquisitions.

But it goes further than that, Busse says. For every steel worker directly employed, there are three or four jobs created by a network of suppliers. He estimates the total employment base as the result of Steel Dynamics' success at around 25,000.

*******************************

Obama is desperate.

He's going to take a failed presidency and disgrace himself even further by muckraking the campaign.

He can't leave soon enough.

So you post a link talking about a company whose growth continued AFTER bain sold it's stake in the company in 2000 and despite the fact that you are arguing that romney deserves no blame for the negatives that occured AFTER he left bain in 1999 you are now trying to give him credit for the positive things that occured after he left??

Do you even see the hypocrisy?

So they didn't grow between 1994 and 2000 ? I don't recall reading that. Wow...Bain hung onto a dead asset for six years ?

What I see is someone who looks like a zealot.

Steel Dynamics was a start up. It was in the steel sector (from what I know) and Bain helped get it going. I am still waiting to see if you answer my question about whether or not this looks like a corporate raid ? You haven't yet.

GST was in pile of hurt when Bain showed up. People were asking "Who did they sucker into investing in that pile of crap ?"

100 million or more (corporate raiding....I know), it got shut down.

Here is an Obama worshipper saying the ad is unfair. He puts it in good perspective (something he isn't usually that good at).

Former Obama Car Czar Calls Romney Attack Ad "Unfair" | RealClearPolitics

On "Morning Joe" today, former Obama "car czar" Steve Rattner denounced a new campaign ad that attacks Mitt Romney for business decisions he made during his tenure at Bain Capital.

Specifically, the ad targets Romney and Bain Capital for the private equity firm's decision to acquire GST Steel and the jobs that were lost under their control.

Rattner called the ad "unfair" and defended Romney's decision at Bain Capital. Rattner says Romney's job was to make profits for the firm's investors, not save jobs.

"I think the ad is unfair. Mitt Romney made a mistake ever talking about the fact that he created 100,000 jobs. Bain Capital’s responsibility was not to create 100,000 jobs or some other number. It was to create profits for his investors, most of whom were pension funds, endowments and foundations. It did it superbly, acting within the rules and acting very responsibly and was a leading firm," Ratner said on MSNBC's "Morning Joe" on Monday.

"So I do think to pick out an example of somebody who lost their job unfortunately, this is part of capitalism, this is part of life. And I don’t think there’s anything Bain Capital did that they need to be embarrassed about," he said.

 

[drsmith1072]

FACT: romney ran the company for 6 years before it had to declare bancruptcy and even though his campaign claims he didn't run the "day to day" operations of bain he didn't actually leave bain until 2001 after the company declared bancruptcy.

Are you disputing Bain's claim they spent 100 million in upgrades....or is that your idea of corporate raid ?

Do you really think that Bain considered this a success compared to what they would have making had the plant been profitable ?

I live in this area and have for a long time. This mill has been on the bubble for decades. It was outdated and has real union issues (as cited in the article in the OP). Bain took a chance. That's what they do.

It's to bad the federal government didn't bail them out like they did GM.

Romney might have made a whole lot more of your money.

Bain made a profit off of that investment while the company went under. Why is that so hard for you to understand?

If the investment was used to buy new equipment and upgrades how was it outdated? Do you often counter your own arguments?

 

[Listening]

Yeah it's wrong to hold romney accountable for job losses that occured at a company that he ran for 6 years but it's ok to blame obama for job losses that occured before he was president. LOL

So, does he get credit for the 4,000 jobs he created as cited in the article on Steel Dynamics ?

Let's see how far this door swings in the other direction.

Well based on your argument that romney deserved no blame for losses that occured after he left in 1999 (your claim) then how can you give him credit for the positives that occured at a company after he left bain and after bain sold it's stake in the company?

BTW how does you sidestep address the hypocrisy that I pointed out?

Please show me where there were no positives at Steel Dynamics during his time there. And then explain how they held a losing asset for six years. Corporate raiders don't wait six months, much less six years.

And you didn't address the 100 million they invested in GST.

You are a zealot.

 

[Listening]

FACT: romney ran the company for 6 years before it had to declare bancruptcy and even though his campaign claims he didn't run the "day to day" operations of bain he didn't actually leave bain until 2001 after the company declared bancruptcy.

Are you disputing Bain's claim they spent 100 million in upgrades....or is that your idea of corporate raid ?

Do you really think that Bain considered this a success compared to what they would have making had the plant been profitable ?

I live in this area and have for a long time. This mill has been on the bubble for decades. It was outdated and has real union issues (as cited in the article in the OP). Bain took a chance. That's what they do.

It's to bad the federal government didn't bail them out like they did GM.

Romney might have made a whole lot more of your money.

Bain made a profit off of that investment while the company went under. Why is that so hard for you to understand?

If the investment was used to buy new equipment and upgrades how was it outdated? Do you often counter your own arguments?

What are you talking about ?

The plant was a sewer and a bad investment. Everyone here knew it.

It was an ancient plant when they bought it. It was a gamble. They put a lot of money into it.

The company went under, in large part because of the postition of steel in general.

The unions did not help a thing.