Steel

By: BarackObamadotcom

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Uploaded on May 14, 2012 by BarackObamadotcom Powered by YouTube

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.

Tags:
Economics, Romney Ecomomics, Bankruptcy, Mitt Romney, Workers, Gst, Steel, Mitt Romney, Bankrupt, Job Loss, Debt, Kansas, Cities, Missouri, Jobs, Loss, Lost, Bain, Health, Insurance, Pension, News & Events
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