This is proving to be quite a volatile election year and we’re really just getting started.
The Obama administration is pulling out the big guns and utilizing the infinite and available information out there on Romney to prove that he would destroy America as we know it. We are in a VERY vulnerable position now. The Bush years have put us at a grave disadvantage and this election is perhaps the most important in decades. We simply cannot afford to allow the GOP to dominate government policy and the only way to do that is to insure a Democratic House, Senate and another Obama victory. Unless this happens, we will all lose, including so many who refuse to truly understand what the right’s agenda is and will blindly vote Republican because they buy into the lies, fear and racism.
There is a website, Romney Economics, that provides a plethora of information and none of it is hopeful. I will highlight some of the content here as well as articles, quotes and video.
Video: GST Steel & Bain Capital: http://www.youtube.com/watch?v=ZMndjLIQUFw
Dade: Profiting from debt
“With Dade Behring, Mitt Romney and his investors took over a healthy company and loaded it with debt. Rather than sell the company, they then had Dade take out even more loans to buy out their shares, driving the company into bankruptcy. Nearly 3,000 workers lost their jobs, while Romney and his partners made more than $250 million in profit.”
Romney Economics: Dade
Jobs lost At least 2,937
Debt at time of bankruptcy $1.5 billion
Bain profits > $250 million
“It was just a great place to work, with great people. Everybody really enjoyed it there—and then Bain Capital came in.” —Charlie DeAngelis, mechanical engineer who lost his job after eight years with Dade BehringBoston Globe, 11/19/09
“Bain and a small group of investors bought Dade in 1994 with mostly borrowed money, limiting their risk. They extracted cash from the company at almost every turn—paying themselves nearly $100 million in fees, first for buying the company and then for helping to run it.” New York Times, 11/13/11
“My experience at Dade during those Bain Capital years was that it was strictly an investment, not to create jobs. … No one came from Bain and said, ‘How can we hire more people?’ It was, ‘How do we turn our investment around and make a lot of money?’”—Michael Rumbin, vice president of technology management at Dade during Romney’s tenure – Los Angeles Times, 12/4/11
“They were just trying to milk as much out of us as they could.”—William T. Mowrey, former Dade employee whose salary and pension were cut.
This is only a small sampling of information on what a Romney administration would look like. Do you like what you see? If not, vote Democrat and share this.
Kimberley A. Johnson is an author and The Spokeswoman for Rock The Slut Vote, an organization standing up and fighting the war on women. Find her on Facebook, Twitter and “like” the Rock The Slut Vote Facebook page