Thursday, February 16, 2012

Mitt Romney in Michigan; steps in cowpie while trying to get other foot out of mouth

... and the whole time he's got his head up his arse!

That whacky Mormon. What a mensch!

Just today I was reading the saga of Mitt's (corporations are people but workers are a liability) takeover of a steel mill in Kansas. The Bain Capital boys bought control of the place in '93 with 8 million of their own money.

The next year they paid themselves a special dividend of 36 million. Whee-ha! That is good old yankee ingenuity at its finest, is it not?

Anyway, the 90's were not kind to the steel business, and a few years after Romney pocketed the "special dividend" a company that had once employed thousands was shut down for good. The federal government had to step in and bail out the employees' pensions.

Mainwhile the Bain boys had set up a new non-union steel plant across town. Lavished with state of the art technology and a lower pay structure, it's done very well.

Oddly enough, Mitt's been touring the state of Michigan touting the evils of bail-outs. Kind of bad timing that GM's record results came out in the middle of his campaign there.

Then again, you can't blame Romney for the government bailing out the pensions of his former employees.

He woulda let God's will run its course.

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