Another drip in the growing puddle
More fun for Mitt, less fun for his victims:
Off a gritty bend in the Miami River, a few miles from a warehouse where he recently touted his job-creation plans, there’s a complex of buildings that bear witness to a time when Mitt Romney’s private equity firm laid off hundreds of workers, shuttered a profitable factory and made out with hundreds of millions of dollars.
It started in 1995, when Romney’s Bain Capital targeted the company that became Dade Behring, which made blood-testing machines and performed animal research at its Miami campus.
Bain borrowed heavily to buy the company and closed a factory in Puerto Rico to improve the bottom line. About 400 lost jobs there. Then in 1997, Bain shuttered Dade Behring’s Miami operations, costing another 850 jobs and a $30 million payroll in the community.
Before growing debt consumed the company, Bain executed its exit strategy and made $242 million.And I wonder how many more of these stories will surface on Mitt's serial killing victory tour?
4 Comments:
Jesus ... I almost want Mitt as the candidate more than Gingrich just so stories like this can come to the fore.
Well, and Mitt's Napoleonic complex is not nearly as florid as Newt's. Newt's the kind of person who would appoint John Bolton Secretary of State just as a giant FU to everyone who opposed him.
That said, if I'm Gingrich, I camp out at the abandoned Dade-Behring complex overnight. It would sew FLA right up.
Destroy jobs/companies and give a hefty chunk of the proceeds to the Morman Chruch. That should play well.
lloks like the GOP has no where to turn except ron paul..
Post a Comment
<< Home