BS, same crap, different day! Here's the real story, the truth, something Obama can't tell you!
OBAMA MYTH: Shutting down a successful paper plant in Marion, IN.
REALITY: The paper plant in Marion, IN was losing money when Ampad bought it to try to turn it around.
In 1992, Bain Capital invested in American Paper & Pad, or Ampad. Two years later – while Governor Romney was on a leave of absence to run for U.S. Senate against the late Ted Kennedy – Ampad purchased the assets of an unprofitable plant in Marion, Indiana from Smith Corona.
This was not a healthy plant: In the year preceding Ampad’s purchase, the Marion plant lost more than $1.6 million dollars.
Though the Marion plant would later close, Ampad added nearly 2,500 jobs at other plants between Bain Capital’s initial investment and the sale of its majority interest. During this same period, revenues grew dramatically from $8.8 million to more than $580 million.
POTUS Is Taking Off The Gloves, Check Out The New Obama Ad & Give Your Input.
Keeping It Real
2012/06/24 18:07:54
|
|
|||||
|
74 votes
|
|
63% | ||
|
44 votes
|
|
37% | ||
OBAMA MYTH: Shutting down a successful paper plant in Marion, IN.
REALITY: The paper plant in Marion, IN was losing money when Ampad bought it to try to turn it around.
In 1992, Bain Capital invested in American Paper & Pad, or Ampad. Two years later – while Governor Romney was on a leave of absence to run for U.S. Senate against the late Ted Kennedy – Ampad purchased the assets of an unprofitable plant in Marion, Indiana from Smith Corona.
This was not a healthy plant: In the year preceding Ampad’s purchase, the Marion plant lost more than $1.6 million dollars.
Though the Marion plant would later close, Ampad added nearly 2,500 jobs at other plants between Bain Capital’s initial investment and the sale of its majority interest. During this same period, revenues grew dramatically from $8.8 million to more than $580 million.
http://www.washingtonpost.com...
NANNY NANNY BOO BOO,
lol!
I don't even care if you do your usual thing and call me names and mock me. But I seriously doubt that you can answer this question.
And that means that I beat the liberal poli-sci Professor in a debate, AGAIN.
I spend the majority of the time laughing at your underhanded presumptions, not worrying about rebutting your ignorant fantasies.
So far, I have the score
Doc -3
Joeseph - zero
It's really sad that you can't back up your beliefs.
But don't feel bad, I've embarassed better than you.
:-)
Doc - 4
Joseph - still zero.
PS.
I am really amazed at how he/she has gotten away with the things, that he/she does. He/she doesn't have one good thought,so he/she tries to make up with it by using the toilet he/she calls a mouth!
It depends on voters' level of intelligence whether they buy their fairy tales or do like you did.
Researched the truth..... and posted the truth!
That's the way it is done!
The Obama campaign fails to make its case. On just about every level, this ad is misleading, unfair and untrue, from the use of “corporate raider” to its examples of alleged outsourcing. Simply repeating the same debunked claims won’t make them any more correct.
Four Pinocchios
http://www.washingtonpost.com...
14 January 2012
SCM had a paper plant in Marion, Indiana, that has been there since I was a kid. When SCM went into decline in the 1990's, it sold the paper plant in 1994 to Ampad, which at the time was run by Bain Capital. Ampad dealt with the 200 workers of the plant in such a bad way — firing them, then rehiring them at lower pay and lesser benefits, then refusing to recognize their union — that the workers went on strike. The local citizens so backed the strikers that Ampad found only a dozen people who would work as scabs. And this was at a time of plant closings in the area. Even when I was out of work, I would sooner starve to death than break a picket line.
In the end, after nearly a year, Ampad gave up and closed the plant, taking the equipment with it. The workers were without jobs, but in time they were avenged. Due mainly to Bain Capital milking the company for fees and making it buy out losing firms, Ampad declared bankrupcy in 1999 and was sold off as an empty shell. (The company has since been revived; but to this day I do not buy paper with the Ampad logo.)
http://andywest.org/db3/2012/...
http://mobile.businessweek.co...