Is Bain Capital, the private equity firm formerly run by Mitt Romney, a job-killing "vampire"? That's what President Obama's latest campaign ad, which focuses on Bain's 1993 purchase of Kansas City's GST Steel, would have you believe. (Watch the video below.) In 2001, shortly after Romney left Bain, GST went bankrupt, 750 employees lost their livelihoods and pensions, and Bain walked away with a $12 million profit.
President Obama’s campaign is out with a tough new ad, “Steel,” attacking former Massachusetts governor Mitt Romney’s record on job creation. The two-minute ad focuses on GS Technologies, a steel mill in Kansas City, Mo., that was b... Read Post
The candidate: President Obama. The ad: The two-minute ad focuses on GS Technologies, a steel mill in Kansas City, Mo., that went bankrupt in 2001, eight years after it was bought by Bain Capital, the private equity firm that Mitt R... Read Post