Comments on: Why Does Mitt Romney Like Firing People? Because He Made $20,000 On Every Laid-Off Worker

By: Michael Phillips

Michael Phillips — Thu, 01 Nov 2012 01:19:00 +0000

Just for information! Unedited. Straight from an article.

But over the course of the Romney’s years at Bain Capital, at least five of the companies he took over eventually went bankrupt, while still rewarding Bain investors handsomely:

• American Pad & Paper: Bain invested $5 million in the Ohio paper company in 1992, and reportedly collected $100 million in dividends on that investment. But AMPAD went bankrupt in 2000, resulting in 385 employees losing their jobs.

• Dade Behring: Bain invested $415 million in a leveraged buyout in 1994, borrowed an additional $421 million, and ultimately walked away with $1.78 billion. Dade filed for bankruptcy in 2002, and laid off 2,000 employees.

• DDI Corporation: Bain reportedly invested $46.3 million in the electronic parts manufacturer 1997, earning $85.5 million in profits plus $10 million more in management fees. When the company went bankrupt several years later, 2,100 workers were laid off.

• GS Industries: In 1993, Bain invested $60 million in the Kansas City steel maker, borrowed a lot of money, and then took $65 million in dividends. But GS eventually went bankrupt in 2002, and 750 workers lost their jobs and pensions.

Stage Stores: Bain invested $5 million to purchase the Houston-based retailer and took it public in the mid-’90s, reaping $100 million from stock offerings. In 200o, following Romney’s departure from Bain, Stage filed for bankruptcy and 5,795 workers were reportedly dismissed.

You be the judge!!!!

By: kbcab

kbcab — Wed, 31 Oct 2012 05:12:00 +0000

No sorry , that would be nice but I worked hard all my life and finally got what I have paid for and retired now living off what the Liberal Gov. likes to call an entitlement , although I earned every bit of it…

By: DONALD FRANK

DONALD FRANK — Tue, 30 Oct 2012 21:07:00 +0000

You must be in the upper 1%.

By: kbcab

kbcab — Tue, 30 Oct 2012 11:59:00 +0000

The firing story was meant for the crooked politicians and if you want to discuss being fired or laid off , un-employment is the highest in history under Obama…

By: james jones

james jones — Fri, 19 Oct 2012 16:04:00 +0000

we all should be outraged at the things Romney is doing he is shipping our jobs right now
oversea, watch msnbc the ED show tonight he is doing it like in your face! when did we ever elect
a president like Romney? america has lost its balance!

By: james jones

james jones — Fri, 19 Oct 2012 15:59:00 +0000

america’s shame, we all know that obama is the best choice for america, then why are we

responding to mitt romney? one reason and one reason only [BIGOTRY] and its going to cost us

[ plenty] if Romney is elected,you cant hurt obama by voting him out, because the man is worth

millions, and him and his family will live like kings for generations to come,but aye you can

damage the adverage america lives for generation and generation to come, so use your common

sense vote for [ you] not for bigotry, for if you do you will vote against your own best interest and

that is

foolish indeed!!!

By: mominwa10

mominwa10 — Wed, 17 Oct 2012 16:51:00 +0000

Don’t make a bigger thing out of it than it is. Remember the context Romney spoke that in. He’s a good guy. Tough decisions have to be made sometimes and things come out better often. Remember how B.O. tries to spin the auto industry things. Romney was in favor of a supported bankruptcy which is a process which does not put the company out of business. The New York Times said Romeny wanted to let them go out of business. Romney did not. Macys, 7-11, and many others restructured and came back stronger. Those people who lost their jobs on the short term are much better off when the get a job with the newly re structured company that is now solvent. If things stayed the same it would have been only a matter of time.

By: nobsartist

nobsartist — Mon, 15 Oct 2012 16:12:00 +0000

willard evaded paying 100 MILLION in retirements that he had transferred to the “pension guarantee fund” paid for by American taxpayers.

willard only created 1,314 jobs in America at a cost of $68,000 each.

willard moved American manufacturing jobs to China where he went into business with the RED CHINESE ARMY.

mccain knows it, thats why he picked an idiot like palin over the Cranbrook/Harvard educated willard.

By: Zoeyfor

Zoeyfor — Sat, 13 Oct 2012 16:15:00 +0000

…and he says he cares about and is fighting for all Americans. He should never really run for office. His intention is (without a doubt) to fill his pocket.

By: John Christopher

John Christopher — Sat, 13 Oct 2012 09:51:00 +0000

nope… he’s not pretending or being stupid.
Romney got US$ 20,000 average for each person who lost a job.