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To: DJ MacWoW
You REALLY want someone like that as President?

No, I don't want him as President at all, which is why I said what I did in my opening sentence.

Not from the articles that I read.

Read some others to get the entire picture. The KC shop to which you are referring was rife with problems....pension gaps, union shop, dire need of upgrades. It was much like the auto companies which overreached and overpromised with back end deals like pensions. Hard to be competitive and in for the long haul when you're paying a lot of people who aren't working and making product anymore.

Bain made a profit after the failure, mostly due to a merger of that company with another steel mill in SC. The media makes it sound like the company was bought, pillaged, then closed. It was purchased in 1993 and finally went under in 2001. Why bother dealing with it for 8 years if you're a "slash and burn" entity?

Oddly enough, Bain was a part-owner of an Indiana steel mill. It was quite profitable, mostly because it was a non-union shop able to compete.

Incidentally, Romney had left Bain Capital in '91 to reorganize Bain & Co. It's like trying to tie everything Haliburton ever did with Dick Cheney.

14 posted on 01/11/2012 5:35:44 AM PST by edpc (Wilby 2012)
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To: edpc

Oh please. Romney is as dirty and unethical in business as he is politics. What honest businessman gets a $180 million loan on a $30 million dollar company, against the company’s assets, strips it and walks away to let it file bankruptcy? Romney.


16 posted on 01/11/2012 5:41:38 AM PST by DJ MacWoW (America! The wolves are here! What will you do?)
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