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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)
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To: tcrlaf

Also, it should be noted that Bain paid $75Mil for the company, invested something like $20 Mil in new equipment, and only made $4 mil selling it.

Not including expenses.

As I said, this is a MEDIA HIT JOB.


28 posted on 01/07/2012 10:19:18 AM PST by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
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