How RMoney Creates Jobs
Via
Crooks and Liars, Matt Taibbi
cuts to the heart of RMoney's lies about jobs.
Are you
kidding? Mitt Romney was the guy that fired you from that $22.50 an hour
job, and helped you replace it with two $9 an hour jobs! He was a
pioneer in the area of eliminating the well-paying job with benefits and
replacing it with the McJob that offered no benefits at all. One of the
things that killed him in the Senate race against Ted Kennedy were
Kennedy ads that reminded voters that Mitt’s takeovers resulted in
slashed wages and lost benefits. He was exactly the guy that
eliminated that classic $22.50 manufacturing job, like in the case of
GST Steel, where Bain took over with an initial investment of $8
million, paid itself a $36 million dividend, ended up walking away with
$50 million, and left GST saddled with over $500 million in debt. 750 of
those well-paying jobs were lost.
What kinds of jobs were left for those fired workers to look for?
Well, in the best-case scenario, you might have found one at Ampad,
another Bain takeover target, where workers had their pay slashed from $10.22 to $7.88 an hour, tripled co-pays, and eliminated the retirement plan.
So a guy who eliminated hundreds of $22 an hour jobs and slashed
hundreds more jobs to below $9 an hour blasts Barack Obama for not
giving you the better life you deserved, after you lost your $22/hour
job and had to take two $9/hour jobs. Are we all high or something? Did that really just happen?
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