The Progressive media is hyping Mitt Romney. They are claiming that jobs and the economy are his strength. This is not the case as therecords indicate. As head of Bain Capital, Mitt Romney specialized in buying out small and medium companies. He than would outsource the jobs and sell the company to a bigger one. The result is Bain Capital destroyed whole towns and many families. As Governor of Massachusetts, the state ranked 47th in job creation. Romney is a job killer, not creator.
You see, Romney made a Mittloadof cash using what’s known as a leveraged buyout. He’d buy a company with ‘money borrowed against their assets, groomed them to be sold off and in the interim collect huge management fees.’ Once Mitt had control of the company, he’d cut frivolous spending like jobs, workers, employees, and jobs. Just like America’s sweetheart, Gordon Gecko. […]
“Because Mitt Romney knows just how to trim the fat. He rescued businesses like Dade Behring, Stage Stories, American Pad and Paper, and GS Industries, then his company sold them for a profit of $578 million after which all of those firms declared bankruptcy. Which sounds bad, but don’t worry, almost no one worked there anymore
[….]
Complicating matters, during Romney’s only service in public office, his state’s record on job creation was “one of the worst in the country.” Adding insult to injury, “By the end of his four years in office, Massachusetts had squeezed out a net gain in payroll jobs of just 1 percent, compared with job growth of 5.3 percent for the nation as a whole.”
How bad is Romney’s record? During his tenure, Massachusetts ranked 47th out of 50 statesin jobs growth.
Nice track record there Mittens. If I know Romney’s true record, you don’t think Obama does?
Tags: 2012 GOP Nomination, Bain Capital, Massachusetts, Romneycare
