Soon after, in October 1993, Bain Capital, co-founded by Mitt Romney, became majority shareholder in a steel mill that had been operating since 1888.
It was a gamble. The old mill, renamed GS Technologies, needed expensive updating, and demand for its products was susceptible to cycles in the mining industry and commodities markets.
Less than a decade later, the mill was padlocked and some 750 people lost their jobs. Workers were denied the severance pay and health insurance they'd been promised, and their pension benefits were cut by as much as $400 a month.
What's more, a federal government insurance agency had to pony up $44 million to bail out the company's underfunded pension plan. Nevertheless, Bain profited on the deal, receiving $12 million on its $8 million initial investment and at least $4.5 million in consulting fees.
Special report: Romney's steel skeleton in the Bain closet | Reuters
Does that SOUND like he
created jobs or was good at HELPING U.S. workers?
These are the FACTS. Please don't come back with some UNSUBSTANTIATED OPINION about what Romney did. He screwed over workers, underfunded their pensions, fired them, then took BAILOUT MONEY from the government and made a nice tidy little profit.
If Romney is our President, WHO will he screw over to achieve his results? Kinda hard for him to screw over the government since he'll be heading it up, I guess that only leaves WORKERS huh?
Now WHY would the 98% of people who don't have investment income to live off want to vote against their own best interests?