Romney Economics: Bankruptcy and Bailouts at GST Steel


This in the introductory movie from the web site www.romneyeconomics.com

I cannot imagine that if people realized that this is what they would be getting with Romney Economics that they would still favor this over what President Obama has tried to do despite all Republican efforts to derail it.


I haven’t found the right words to explain this to people. Perhaps in this video, the explanation of how Bain Capital could get rich by ruining a company will finally start to penetrate people’s minds.

Maybe these numbers gathered from the website start to give you a picture.

In the table below, Bain is Mitt Romney’s company that bought up these companies with mostly borrowed money that they never paid back.

Company Jobs Lost Debt at Time of Bankruptcy Bain Profits
Dade Behring 2,937 $1.5 billion $0.25 billion
GST Steel 750 $0.5 billion $0.048 billion
Stage Stores 5,794 ? $0.17 billion

I don’t know how anyone could conclude that Romney did not become rich by stealing the wealth away from the workers and creditors of the companies that he managed. In a just system, Romney would be in jail, not running for President.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.