posted on Jan, 6 2012 @ 10:41 PM
Yep and as I said in my thread about this man, the fact he got more than 1% of the vote in Iowa just goes to show how brainwashed some people are in
Here is an example of one of Mitt's escapades -
'Soon after, in October 1993, Bain Capital, co-founded by Mitt Romney, became majority shareholder in a steel mill that had been operating since
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.
The story of Bain's failed investment in the Kansas City mill offers a perspective on a largely overlooked chapter in Romney's business record: His
firm's brush with a U.S. bailout.'