Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Qbert; All

Another hit-job slam article VERY SHORT ON FACTS...

GS was an AGING, money-losing Steel Mill facing imminent closure because they couldn’t pay for the upgrades required under the Clean Air Act. And they were just like dozens of other small steel mills in America.

Romney& Co. bought it, paid for upgrading it, then SOLD IT. The pensions were lost in the LATER 2001 BANKRUPTCY, the mill went out of business when it filed Chapter 11 again in 2007, YEARS AFTER BAIN SOLD IT!

These people bought ALREADY TROUBLED COMPANIES, and tried to fix them.


18 posted on 01/07/2012 9:48:14 AM PST by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: tcrlaf
Of course, but don't expect the media to point that out.
That will be the candidate's job.
19 posted on 01/07/2012 9:50:06 AM PST by truthkeeper (Vote Against Barack Obama in 2012! (That's my story and I'm sticking to it.))
[ Post Reply | Private Reply | To 18 | View Replies ]

To: tcrlaf; All

Also, the article also doesn’t mention that this mill had a RADICAL UNION, that went on strike, rather than accept paycuts and technology upgrades that meant fewer jobs, at an already nearly bankrupt company that S&P was already downgrading the credit of, in 1997.

I’ve seen this same story, repeated over, and over, and over, over the years.


23 posted on 01/07/2012 9:53:42 AM PST by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
[ Post Reply | Private Reply | To 18 | View Replies ]

To: tcrlaf

"Another hit-job slam article VERY SHORT ON FACTS... GS was an AGING, money-losing Steel Mill facing imminent closure because they couldn’t pay for the upgrades required under the Clean Air Act. And they were just like dozens of other small steel mills in America..."

He's going to have to communicate all of that the public in a convincing way if he's the nominee, because nobody in the MSM will. The last thing we want is another Fiorina, completely speechless whenever the MSM and Dems bashed her for "cutting thousands of jobs at HP and sending them overseas".

26 posted on 01/07/2012 10:08:38 AM PST by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
[ Post Reply | Private Reply | To 18 | View Replies ]

To: tcrlaf
Thanks for interjecting some facts about the GS buyout. Almost as disturbing to me as the MSM’s willful distortion of the truth is that some people on FR will drink the “LBOs are evil” Kool-Aid as well.
44 posted on 01/07/2012 12:42:16 PM PST by riverdawg
[ Post Reply | Private Reply | To 18 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson