[BushCountry]

Let me make this clear, I am not voting for Romney in the primaries!!!!!

They made around 4 million on an 8 million investment over a period 10 years (article is lying). Those 750 Iron Mill workers had jobs for that period. Without Bain’s infusion of cash the company would have gone bankrupt 10 years earlier.

Everyone one of these examples the left (and the anti-capitalists on Freerepublic) use involves a corrupt union that is unwilling to negotiate. The underfunded pension fund was underfunded by the union before the cash investment and unsustainable under the best of conditions. The only way for this company to have survived would have been to bust the union. However, Bain did provide high wages and benefits for these workers for ten years longer then they could hope for without their help. They weren’t competitive because of unreasonable union demands.

[Cringing Negativism Network]

I’m beginning to think there are “capitalists” who would sell their own grandmother to China and blame unions.

It’s become like Obama blaming Bush.

[hans56]

Sorry
Union's don't underfund pensions. Company run defined pension plans are just that. They are run by the company. The union and the company negotiated the benefit (usually in place of wages) and it was the companies responsibility to properly fund it.
If the company couldn't afford to fund it they shouldn't have said they would. It is that simple.

What I don't understand is why these companies get their tax abatement's so everyone else gets to pay for the roads to get there goods to market, always get paid first when things go south.
Why aren't the pensions covered first so the rest of us aren't stuck with the bill.
I would guess the rest of us aren't giving enough to the ones who make the rules. Nothing more than corporate welfare