{"id":10937,"date":"2012-05-14T18:30:44","date_gmt":"2012-05-14T23:30:44","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=10937"},"modified":"2012-05-14T19:08:58","modified_gmt":"2012-05-15T00:08:58","slug":"romney-economics-bankruptcy-and-bailouts-at-gst-steel","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2012\/05\/14\/romney-economics-bankruptcy-and-bailouts-at-gst-steel\/","title":{"rendered":"Romney Economics: Bankruptcy and Bailouts at GST Steel"},"content":{"rendered":"<p>This in the introductory movie from the web site <strong><a href=\"http:\/\/www.romneyeconomics.com\" title=\"Romney Economics\" target=\"_blank\">www.romneyeconomics.com<\/a><\/strong><\/p>\n<p>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.<\/p>\n<div style=\"text-align:center\">\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"http:\/\/www.youtube.com\/embed\/ZMndjLIQUFw?rel=0\" style=\"border:thick ridge #009900\"  allowfullscreen><\/iframe>\n<\/div>\n<pre>\r\n<\/pre>\n<p>I haven&#8217;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&#8217;s minds.<\/p>\n<p>Maybe these numbers gathered from the website start to give you a picture.<\/p>\n<p>In the table below, Bain is Mitt Romney&#8217;s company that bought up these companies with mostly borrowed money that they never paid back.<\/p>\n<style type=\"text\/css\">\ntable.ssg\n{\n    background-color:#93db70;\n    border-collapse:separate;\n    border-spacing:3px;\n    empty-cells:show;\n    border:#009900 solid thin;\n}\nthead.ssg\n{\n    background-color:#99dd99;\n}\nth.ssg\n{\n    border-top:#000000 solid thin;\n    border-left:#000000 solid thin;\n    border-bottom:AntiqueWhite solid thin;\n    border-right:AntiqueWhite solid thin;\n    padding:0.3125em;\n}\ntbody.ssg\n{\n    background-color:AntiqueWhite;\n}\ntd.ssg\n{\n    border-top:#000000 solid thin;\n    border-left:#000000 solid thin;\n    border-bottom:#ffffff solid thin;\n    border-right:#ffffff solid thin;\n    padding:0.3125em;\n}\n    <\/style>\n<table class=\"ssg\">\n<thead class=\"ssg\">\n<tr>\n<th class=\"ssg\">Company<\/th>\n<th class=\"ssg\">Jobs Lost<\/th>\n<th class=\"ssg\">Debt at Time of Bankruptcy<\/th>\n<th class=\"ssg\">Bain Profits<\/th>\n<\/tr>\n<\/thead>\n<tbody align=\"right\" class=\"ssg\">\n<tr>\n<td align=\"left\" class=\"ssg\">Dade Behring<\/td>\n<td class=\"ssg\">2,937<\/td>\n<td class=\"ssg\">$1.5 billion<\/td>\n<td class=\"ssg\">$0.25 billion<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" class=\"ssg\">GST Steel<\/td>\n<td class=\"ssg\">750<\/td>\n<td class=\"ssg\">$0.5 billion<\/td>\n<td class=\"ssg\">$0.048 billion<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" class=\"ssg\">Stage Stores<\/td>\n<td class=\"ssg\">5,794<\/td>\n<td class=\"ssg\">?<\/td>\n<td class=\"ssg\">$0.17 billion<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<pre>\r\n<\/pre>\n<p>I don&#8217;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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&#8217;t found the right words [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-10937","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/10937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=10937"}],"version-history":[{"count":10,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/10937\/revisions"}],"predecessor-version":[{"id":10939,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/10937\/revisions\/10939"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=10937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=10937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=10937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}