Averageshmoe

Idle thoughts of an addled mind of just some average shmoe

Monday, November 14, 2011

Mitt Romney a jobs killer

Mr. Romney’s firm collected $242 million, a return eight times its investment. Not bad right? WRONG! an examination of the Dade deal, which Mr. Romney approved and presided over, shows the unintended human costs and messy financial consequences behind the brand of capitalism that he practiced for 15 years.
At Bain Capital’s direction, Dade quadrupled the money it owed creditors and vendors. It took steps that propelled the business toward bankruptcy. And in waves of layoffs, it cut loose 1,700 workers in the United States, including Brian and Christine Shoemaker, who lost their jobs at a plant in Westwood** IS THIS WHAT WE NEED IN A COUNTRY OF HIGH UNEMPLOYMENT.. GREED AS USUAL?? Romney ranked 47th in Job Creation in MA...NO ROMNEY, NO DEAL!
www.nytimes.com
Mitt Romney’s business career is a cornerstone of his campaign. But his brand of capitalism had human costs and some messy financial consequences.

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