Obama Donor Tied to Bain Layoffs

abc ^ | 5/22/2012 | By Jonathan Karl

[tobyhill]

The Obama campaign’s latest attack tells the story of workers at an Indiana office supply company who lost their jobs after a Bain-owned company named American Pad & Paper (Ampad) took over their company and drove it out of business.

Here’s what the Obama Web video doesn’t mention: A top Obama donor and fundraiser had a much more direct tie to the controversy and actually served on the board of directors at Richardson, Texas-based Ampad, which makes office paper products.

Jonathan Lavine is a long-time Bain Capital executive and co-owner of the Boston Celtics. He is also one of President Obama’s most prolific fundraisers. He has already raised more than $200,000 for the Obama campaign this election, according to Federal Election Commission records.

Lavine started working for Bain in 1993. He was one of three Bain executives who served on the board of directors of Ampad for several years, a post he held until 1999. Here’s a news release announcing his departure from the company in April 1999.

[raisincane]

The labor unions all joined ranks and fought the Ampad closure. They had pickets all over town. It was an ugly time for Marion. There was no money for the union demands, so the plant was shut down, sold, and is now occupied by another industry.

[scooby321]

Its about time to show Obama’s record on investing the Taxpayer’s money hich he lost and the job losses that he incurred by support industries that were graft his bundlers.

[Vaduz]

Obama Tied To Layoffs,about ten million of them.
He’s stuck on stupid blame and deny.

[SunkenCiv]

Thanks tobyhill.

[gunsmithkat]

I find it interesting on that very MSM ABC blog, the first half dozen comments that I read were very much anti-Obama. Not at all what I would expect. Hmmmm...

[Mike Darancette]

It’s private capital vs. government kapital.