The opening salvo in the Obama 2012 election campaign is that Romney was the evil, controlling, money-grubbing CEO of Bain Capital.
The proof? They took a struggling steel company, got it an $86 million cash infusion, and then - get this - they kept it afloat and employing people for almost a decade. Them were good union jobs, too, y'know - they managed to weather a 10-week strike in 1997.
Bain finally closed the plant in 2001, which was, oddly enough, two years after Romney left Bain. [1] Apparently his cold, grasping, greedy Republican hands strangled the company from beyond the corporate grave! Or... something like that. Of course, Bain left the pension fund underfunded, which, as we all know, is one of those sure indications of incompetence and absolute malice.
Like I said: pure frickin' evil, man.
If I were feeling snarky, I might point out that the by Obama White House Metrics (TM), Romney and Bain could claim somewhere around 6,500 jobs "saved or created" (750 per year over eight years). Of course, it cost the government about $757 billion to "save or create" 650,000 jobs via the stimulus. That's a mere $1.2 million per job. Under Romney, Bain managed to do the same at the cost of about $14,333 per job.
Damn capitalists!
Obama 2012 : We're Only Two Orders of Magnitude Worse Than The Competition
[1] I've been doing some digging, but haven't been able to find out who the Bain CEO was in 2001 when the steel plant was shut down. I'd like to know. Just a hunch, but I'm betting that s/he wasn't one of those ebil, ebil Republicans.
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