The Bain of Mitt Romney's life ?
Was this the moment Mitt Romney lost the election? At a campaign stop, he was assailed by workers from an office supplies manufacturer owned by Bain Capital, the private equity group where he made his $250m fortune. The workers, from a firm called Ampad in Indiana, had been stripped of their old contracts and told to work for lower pay and fewer health benefits.
Theirs was the human story behind the “restructuring” that makes Bain’s takeovers so lucrative. At the campaign stop, the workers handed out leaflets depicting Romney as the “Grim Reaper” of jobs and as “Gordon Gekko”. In a ropey economy where job security topped the list of election issues, Romney’s background at Bain cost him dear. The elected office he had prized for so long slipped away.
This isn’t a scene from the campaign trail today, by the way. It is a scene from Massachusetts, 1994, when the man from Bain went from running neck-and-neck in the fight for Ted Kennedy’s Senate seat to losing against the Liberal Lion by almost 20 percentage points, after the Ampad workers showed up.
http://www.independent.co.uk/news/world/americas/the-bain-of-mitt-romneys-life-7778721.html
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