As Republican presidential candidate Mitt Romney comes under fire in New Hampshire for touting his business experience, we look at how his private equity firm, Bain Capital, drove a Kansas City steel plant into bankruptcy, leading to some 750 layoffs and a federal bailout. Bain still walked away with millions of dollars in profits. We speak with Reuters reporter Andy Sullivan, who covered the story, and with Joe Soptic, a steelworker who lost his job at Kansas City’s Worldwide Grinding Systems steel mill after 28 years.
- Laid Off Steelworker: Mitt Romney, Bain Capital Profited By Shutting Down Kansas Steel Plant (leftygazette.wordpress.com)
- US seeks China’s support on Iran sanctions (leftygazette.wordpress.com)
- “I Like Being Able To Fire People” Ctd (andrewsullivan.thedailybeast.com)