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How Mitt Romney Ruined Countless Lives And Helped Create The Welfare State (VIDEO)

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opednews.com Headlined to H4 4/15/12

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At www.addictinginfo.org

Reuters put actual faces to the casualties of Bain Capital. They profiled a struggling steel mill in Kansas City called Worldwide Grinding Systems, later renamed GS Technologies. In 1993, Bain Capital, a company with no steel mill expertise became the majority shareholder. Within a decade, Bain Capital padlocked the mill and put 750 people out of work and forced taxpayers to pick up the bill for unemployment benefits and worse, for $44 million in pensions which had been earned, but Bain Capital refused to pay. Bain Capital made out well, though, with a profit of $12 million and $4.5 million in consulting fees. In 2001, the steel company declared bankruptcy.

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