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Romney Economics: Bankruptcy and Bailouts at GST Steel

BarackObamadotcom BarackObamadotcom·3,002 videos
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Published on May 14, 2012

Learn more: http://www.romneyeconomics.com

Kansas City's GST Steel had been making steel rods for 105 years when Romney and his partners took control in 1993. They cut corners and extracted profit from the business at every turn, placing it deeply in debt. When the company eventually declared bankruptcy, workers not only lost their jobs but were denied their full pensions and health insurance, and the government was forced to step in and provide a bailout.

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Top Comments

  • harbinger4111

    harbinger4111 1 year ago

    Wow, i knew Bain did bad things to companies but actually seeing the people who worked there talk about it is a wakeup call. Just, wow.

    · 420

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  • shabadoosa

    shabadoosa 1 year ago

    Absolutely heartbreaking

    · 319

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All Comments (73)

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  • Tusher Bhuiyan

    Tusher Bhuiyan 6 months ago

    Shame !

    ·

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  • insight2205

    insight2205 6 months ago

    woooow..really Mitt?

    ·

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  • KarmafromFla

    KarmafromFla 7 months ago

    4 MORE 4 44!

    · 2

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  • nory826

    nory826 7 months ago

    Obama2012. We cannot let Mitt Romney into office, he will destroy everything President Obama has worked for, and our futures.

    · 9

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  • June Young

    June Young 7 months ago

    Amen to that, please be sure to share it often, to as many people as you can.

    ·

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    in reply to kishan kakarla (Show the comment)
  • Hancockst1

    Hancockst1 9 months ago

    This video, no matter who you are reminds me why I love this country. It is the people who get out of bed a 2am in the morning to take care of their families. I love hard working americans who built that. God Bless this country and the hard working people who make it great.

    · 14

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  • Tiny1bme

    Tiny1bme 9 months ago

    Mitt Romney wants to return to the Gilded Age when the rich were super rich, lived like kings, and build homes like the Vanderbilt Biltmore mansion, and when the poor were very poor.

    · 27

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  • kishan kakarla

    kishan kakarla 9 months ago

    More people need to see this.

    · 26

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  • Lizz Christed

    Lizz Christed 9 months ago

    Devastating!! This is SOOO Powerful! Romney's self-interested decisions and money-eating past finally catching up with him!

    · 10

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  • Toliver Kahn

    Toliver Kahn 9 months ago

    I'm pretty sure it was Obama who helped save the automotive industry when mitt romney wanted it to fail so you might want to shut your mouth.

    · 17

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    in reply to Matthew Gosselin (Show the comment)
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