GST Steele in Kansas City was a company that Bain got involved with and the company eventually went bankrupt. The Obama campaign put out a video in May with a number of former workers discussing the plant closing and they all blamed Mitt Romney for the demise of the company.
Romney left Bain two years before the takeover and closure of the plant. That is undeniable, and it is only disputed by the Obama campaign that is deliberately lying in order to win.
Be that as it may, the ad is misleading and it is obvious that the workers involved are saying what they were told to say. There is no doubt that Bain was involved. They end up lying when they claim Romney was involved in the decisions made.
How does Obama fit into this and why is he responsible? Mitt Romney was not running Bain when this happened a guy named Jonathan Lavine was.
Who is Jonathan Lavine? He is one of Barack Obama’s TOP campaign bundlers. From ABC:
…One of Obama’s top campaign financiers – Jonathan Lavine – is also managing director at Bain, bundling between $100,000 and $200,000 in contributions for the 2012 Obama Victory Fund, according to estimates released by the Obama campaign. The president has also relied on other leading figures in the private equity sector as hosts for high-dollar fundraisers and as members of his Jobs Council. Gateway Pundit
Wow, an Obama supporter and TOP bundler is the guy who was actually responsible for the demise of GST Steel. Therefore, Obama is responsible.
It has to be so. If Obama can claim that Romney is responsible when he was not in charge and not there then we can certainly make the claim that since an Obama TOP bundler was actually in charge that Barack Obama is responsible.
There is another interesting part of the video that probably goes unnoticed.
The workers claim that Bain came into the company and ran up huge amounts of debt for short term profit but that long term it led to disaster. This is basically what they claim happened and they say it was a bad thing to do (I agree with that part).
Spend a lot of money you don’t have for a short term gain only to incur a lot of future debt that causes huge financial problems.
Sounds like Obama’s Stimulus Plan. In fact, it sounds like the way Democrats run everything. They spend huge sums of money we do not have to get short term gain (usually in support from constituents) which leads to long term financial disaster.
Yet, these people in the video seem to think that Obama is the answer because Romney does not understand the little guy.
Once again, Romney was NOT involved.
Even so, Obama is doing to the country what Jonathan Lavine and Bain did to GST Steel, period.
I guess in the liberal mind Romney is bad for bankrupting a company but Obama is righteous for bankrupting the nation.
Let us not forget that to get to this conclusion they had to invent Romney’s involvement.
Romney was NOT there. The fact checkers have reviewed the documents; the SEC has accepted the documents without initiating any legal action and Bain has confirmed that Romney was not there.
So we know Romney did not really do this. Obama did through his TOP bundler.
We also know that Obama was at the helm during the downfall of the country. There is no doubt about that.
Never surrender, never submit.