This campaign is going to end with a commercial showing Chris Christie sitting on Joe Biden while he smothers, narrated by Allan Grayson
WaPo:
Priorities ad ties Mitt Romney to cancer death
A new ad from a super PAC supportingPresident Obama ties former Massachusetts governorMitt Romneyto a family’s loss of health insurance and a woman’s subsequent death from cancer.It’s the fourth hard-hitting ad from Priorities USA Action that focuses on former workers at companies closed by Romney’s former private equity firm, Bain Capital.“I don’t think Mitt Romney understands what he’s done to people’s lives by closing the plant,” said Joe Soptic, a former employee at GST Steel in Kansas City, in the ad. He says he lost his health care, and then his wife became ill.“I don’t know how long she was sick, and I think maybe she didn’t say anything because she knew that we couldn’t afford the insurance,” Soptic adds. When she finally went to the hospital they found out that it was stage-four cancer, he says. She died soon after.Soptic concludes, “I do not think Mitt Romney realizes what he’s done to anyone, and furthermore I do not think Mitt Romney is concerned.”The Republican candidate left Bain before GST Steelwent bankrupt; Obama’s team has argued that the story is fair because Romney was at Bain when the initial investment was made.Romney spokesman Ryan Williams called the ad one of many “discredited and dishonest attacks” meant to “conceal the administration’s deplorable economic record.”
The facts of GST Steel
Kansas City Bolt and Nut Company plant was a diverse steel parts manufacturing plant in Kansas City, Missouri that through its successors at its peak in the 1950s employed more than 4,500 people.It was acquired by Armco Steel in 1930 which expanded it in 1945. At its peak it was one of Kansas City’s largest employers with more than 4,500 employees. Operating as Armco Worldwide Grinding System was sold in 1993 to GS Technologies which became GST Steel Company. In 1997 the plant had a 10-week strike. It closed in February 2001 with the layoff of 750 employees
So this company had by the time of Bain investments declined from 4,500 to 750 people. In the steel business, which by 1979 was the subject of US Steel demands for govt subsidies to be able to compete against cheap foreign steel.
GS Steel derives its name from Georgetown Steel which operates a steel plant in Georgetown, South Carolina. The South Carolina and Missouri operations were combined by Bain in an attempt to SAVE the REST of the business.
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