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.
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.
"Another hit-job slam article VERY SHORT ON FACTS... GS was an AGING, money-losing Steel Mill facing imminent closure because they couldnt 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".