But he's such a standup guy... - RC

That ad was debunked months ago. - backwards typist

Backwards, only honest information sources can debunk. - If you post THOSE, I will read them. nm

Here's a few with links - backwards typist

 By Jonathan Karl@jonkarlFollow on TwitterSep 6, 2012 12:53pm

Steelworker Featured at DNC Didn’t Work for Bain

 The Democratic National Convention on Wednesday featured three speakers billed as “former employees of companies controlled by Bain Capital.”

They each told compelling stories about jobs lost, allegedly because of the actions of Bain under Romney’s leadership.

But it turns out one of those employees never actually worked for a company controlled by Bain Capital.

David Foster was supposedly one of those former employees on the convention schedule. He told the story about 750 steelworkers who lost their jobs when the Bain-controlled company GST steel filed for bankruptcy in the early 1990s.

“In 2001, with GST bankrupt and Romney still CEO of Bain, I stood in front of hundreds of steelworkers in their 50s and 60s, and retirees in their 70s and 80s, and told them Romney and Bain had broken their promises. Jobs, vacation pay, severance, health insurance and pension benefits that were promised — they were all gone,” he said.  But Foster, according to a former spokesman for GST Steel, never actually worked for the company.“David Foster was never an employee of GST Steel’s Kansas City plant. He was employed by the United Steelworkers of America as their regional union director to represent GST Steel, but was not employed at our facility,” according to BC Huselton, who was head of HR at GST.

Instead, Foster was a union organizer, who negotiated for workers that did work for the company.Foster explained in his remarks that he was an organizer during his dealings with GST Steel. But it is not clear from the remarks that he never worked for a company controlled by Bain.

Foster was prominently featured in an Obama campaign video, “Romney economics,” where he is identified as lead negotiator for workers at GST Steel. In the video he explains that Bain executives took bonuses even as the company flailed.

Politifact rated that Obama video “mostly true.” Read their assessment.
A TV ad by a pro-Obama superPAC that is based on the story of a GST worker who suggests that his wife’s death from cancer years later was due in part to losing health insurance when the plant closed got a “false” from Politifact and drew criticism for being misleading.

But the Romney campaign has released its own version of what happened at GST Steel. The video features a former executive, Huselton, who says that Bain’s actions actually saved the company.“There’s this vampire story that Bain comes in and shows it’s teeth and sucks the blood out of the operation,” says Huselton. “It’s really quite the opposite. We went out looking for a blood donor. Bain came in, and the way I look at it actually gave us a blood transfusion.”

http://abcnews.go.com/blogs/politics/2012/09/steelworker-featured-at-dnc-didnt-work-for-bain/

Let’s start at the start. With Romney at the helm, Bain Capital invested in the small Kansas City steel mill called GST Steel Co. in 1993. It was a company that traced its roots to 1888 but had fallen on hard times. According to the Kansas City Star, the company’s ranks had dropped from 4,500 employees in 1970 to just 1,500 employees by 1983.

In addition, the company was beset by aging equipment and faced stiff competition in a specialized market, according to a lengthy Reuters report on the company.

Nonetheless, Bain saw potential in the company and, Reuters reported, invested $8 million in it. That initial investment was quickly recouped when, in 1994, the company issued $125 million in bonds and paid out $65 million in dividends –  $36.1 million of which went to Bain, according to Reuters. The following year, Bain merged the company with another in Georgetown, S.C., renaming the company GS Industries, and issued another $125 million in bonds.

Bain also reinvested an additional $16.5 million in the company, evidence that Bain intended to keep the firm going. Nevertheless, six years later, the company declared bankruptcy and eliminated 750 jobs.It also reneged on pension and other benefits it had agreed to in 1997. The U.S. Pension Benefit Guaranty Corp. later determined the company had severely underfunded its pension, and the federal agency covered the cost of basic pension payments. So those aspects of the ads are accurate.Was it the debt load that doomed the company? Some analysts cited by Reuters said it certainly didn’t help. Others blamed the union or competition from Asia. In a 1999 filing with the Securities and Exchange Commission, the company stated, “Distressed economic conditions in other countries, particularly Asia, have resulted in record levels of imported steel products into the domestic market causing dramatic declines in selling prices industry-wide.”

It was a very bad time in general for the steel industry in the U.S. A 2003 report from the U.S. International Trade Commission found that between 1999 and 2003, “31 steel companies producing products subject to the safeguard measures [including tariffs on foreign imports] have filed for bankruptcy protection.”

http://www.factcheck.org/2012/05/lemon-picking-bain-capital-obama-style/

I didn't look up the the AmPad story but, here's a link to show that AmPad is still alive:

http://www.amazon.com/s/?ie=UTF8&keywords=ampad+engineering+paper&tag=googhydr-20&index=aps&hvadid=7963206579&hvpos=1t2&hvexid=&hvnetw=g&hvrand=1585502501574945822&hvpone=&hvptwo=&hvqmt=e&ref=pd_sl_1kd4ysnklz_e

BackwardsTypist, these and other sources do establish that - Foster had left the company when Bain took it

Yeah, ok, and Obama won the debate, yet lied - about Libya and lost on economy, healthcare.

Opinion, but not a fact in sight. - nm

FACTS are coming out about Obama. You watch - -he will LOSE because of his lies to us.nm

Instead of all the inflammatory flap, why not try - putting one up for discussion here?

:) Maybe those who go for propaganda themselves just don't - realize how pointless and tiresome

But we were talking about Romney's record. - Obama's actions have nothing to do with that.

Who said it was a game? I take it seriously and pay - attention to character. O has none. nm

I'm confused with your post. Who were you replying to? - backwards typist

It is our duty to find out the most we can about - backwards typist

That is the main reason I cannot vote for Obama - again --divided this nation terribly, not united.

Absurd. The GOP's tectonic shift to the right - divided the nation

Agree. GOP has gone too far to the right. (nm) - former Republican, now Independent

I'm a left leaning independent married to a - former Republican sm

Wow. Happy to stand corrected. In this case, - their shift led to unity.

I will never understand any women voting for - the Romney/Ryan ticket SM