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Obama's anti-Bain 'vampire' ad: Unfair to Romney?

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.
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Obama ad calls Mitt Romney’s Bain Capital firm a ‘vampire’

Technology / Technology Industry News : Security Fix (2 years ago)

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

Anatomy of a campaign ad: "Steel"

News : The Week: News & Opinion (2 years ago)

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

Barack Obama Just Unleashed An Enormous Assault On Mitt Romney's Time At Bain Capital

Politics : Business Insider: Politix (2 years ago)

The Obama campaign has just released a new two-minute ad, featuring the stories of workers from Kansas City's GST Steel, a company that Bain Capital took over before it went bust. It is also paired with an interactive slideshow at R... Read Post


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