Originally Posted by buggyone

I really like the one poster who said something like if you google Romney and Bain Capital, the only things that show up will be from left leaning sources. That seems a little out there that all the sources showing Romney's term with Bain Capital are from left leaning sources.

That is sort of like saying a big chicken dinner is always from KFC with no other alternatives ever to be discussed.

You are losing it...you cannot even come on here and be a wise guy without screwing it up.....you know that you took this out of context, but then again perhaps not......

IN CONTEXT....in showing there was NO investigation...

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Quote:
Originally Posted by janmcn View Post
So why do documents filed with Securities and Exchange Commission after 1999 list Mitt Romney as Bain Capital's sole stockholder, Chairman of the Board, CEO, and President, and show that Romney earned at least $100,000 as a Bain Capital "executive" in 2001 and 2002? Hopefully, this is what the SEC is investigating and any charges could be felonious.


Did Mitt Romney approve of Bain Capital’s practices after 1999? - Editorials - The Boston Globe
1. The link you supplied is a blog and opnion piece and makes no mention of any impending or discussion of any "investigation" so surely would appreciate a link to validate this "investigation !

2. A search of the Securities and Exchange commisssion website shows no investigation or discussion of such...thus supplying the source would help since I like to deal with facts.

3. If you even google this, you will get nothing but left leaning bloggers on forums like this talking about it but no facts.
Edit/Delete Message

Next time you want to make fun, insure that you read the entire thing !


you even left out the last part of my sentence where I said "no facts"....geez

Originally Posted by DaleMN

You are a very accomplished individual.

Hi Daleman....Yea but i can't catch walleye like you

Originally Posted by janmcn

The link I supplied is from a Boston Globe editorial. Do you think the Globe is making this stuff up? This is Mitt Romney's hometown newspaper, the town where he lived his whole adult life, where he raised his five sons, where he was deacon of his church, where he was the governor of the state. Why would they knowingly publish false information about Romney?

My post said that "hopefully", as in I hope, there would be an investigation. I never said there is an investigation. A knowledgeable poster said on another thread that what has been alleged that Romney did is worse than what Martha Stewart served time for doing.

This questionable activity is not to be confused with the investigation requested by three Congressmen to The Justice and Labor Departments involving Mitt Romney's 20 to 100 million dollar IRA. This could be the October surprise that people are expecting.

Nowhere in this "editorial" from the decidedly left leaning Boston Globe does it allude to any decision making activity of Mitt Romney. They allege company ties and Romney does not dispute his financial interest in the company. He merely states that he left active participation of the company's dealing when he went on the save the Salt Lake City Olympics.

Your link does not disprove his statements.

Originally Posted by Bucco

HERE, after doing some checking and verifying are the SLIMY DETAILS as you refer to them.

After reading this does it not make all you folks proud of your President for allowing this kind of insinuation go over public airways !

This is despicably campaigning at best.

This is actually embarassing to think that the President would allow this and that folks on here area jumping on the bandwagon.

1993 Bain buys the GST mill.

At this time the steel industry was on its death bed unable to compete with foreign and this plant was dying. This plant at its best employed 4500 and by the late 80's was down to 1000. ARMCO who owned the plant had decided that they either sell it or close it down as it was antiquated and needed lots of work. ARMCO had no money to invest and thus in stepped Bain Bain and some other investors bought the plant for 80 million. They renamed it GS Tech and put another 100 million into moderenization Things go better for the company

1994 Things going so well they can pay a divedend

Late 1990s The late 1990s saw a new outpouring of cheap steel from elsewhere around the globe. The Asian financial crisis walloped the mining industry, cutting demand for GST products. The price of GST's electricity and natural gas skyrocketed. The union dug in, refusing to make concessions. By April 1997, it was on strike, shooting bottle rockets at guards. Labor costs spiked, and by 1999 GSI was reporting $53 million in net losses.

1999 (EARLY) Romney leaves Bain Capital

2001 GST Steel goes bankrupt

NOTE...At the time, GST’s union blamed the company’s bankruptcy on the political class, for failing to hamstring imports. “We can’t compete against the steel imports that are being sold under cost,” said the president of GST’s union in 2001. “Our pleas fell on deaf ears in the political arena.” The Bush administration would ultimately slap on giant tariffs.

The bankruptcies were led by unionized companies that, like airlines and textiles and Detroit, had negotiated pay and benefits that helped drive their employers under.

2006 The woman in the ad dies of cancer. Having had insurance from the day her husband was out of work until she died.

The company that this particular mill was under GS Industries, employed 3,500 and that the Kansas City plant (with 750 workers) was the only one shuttered. Other plants were bought and operate today. Nor does it mention Bain’s other steel investment in the early 1990s, in an Indiana start-up called Steel Dynamics. The firm touts innovative technology and a nonunion workforce. It today reports $6.3 billion in revenue—25 times what it claimed in its 1996 IPO—and employs 6,000.

"It features B.C. Huselton, a former vice president at the company, defending Bain's investment in GST Steel as more helpful than hurtful.

Huselton says he felt compelled to come forward in response to Democratic attacks: “I held my tongue while this was all going on, and I finally said, ‘I can’t take this anymore.’ We did a lot of good work there and somebody needs to know this.”

"Did it all work out? No. Did we make a difference? I think we made a big difference," he says. "There’s this vampire story that Bain comes in and shows its teeth and sucks the blood out of the operation. It was really entirely the opposite of that. We went looking for a blood donor."

Strassel: Vampire Capitalism? Please - WSJ.com

Timeline: GST Steel UPDATED | Fausta's Blog

Mitt video defends GST Steel deal (Updated) - POLITICO.com


PLEASE VALIDATE FOR US WHERE YOU GOT YOUR "SLIMY DETAILS" from and how they differ from mine.

This same scenario took place in a plant I workd while attending college nights back in the day. It was a union shop steelworkers and they would not budge an inch. The plant shut down union people lost their jobs and the plant via a venure company moved to greener pastures this despite the fact that management explained it was a cash flow issue and tha until they could get back up and running they needed some relief .

By the way the Japanese built a steel plant right near this plant paid people well even though it was non-union and to this day it is a thriving business

I wonder just how many similar stories are out there like this one and yours.so before I listen and or agree with all these heartless Bain Capital stories I want to see the details because so many of them don't pass the smell test, except of course unless your a liberal and believe money arrives out of nowhere