Wait a Second, did I hear it right? The Laid off workers from them Bain Companies? Their pensions

[opihimoimoi]

were absconded legally and the workers forced to retire the Gov't way the Social Security system...

Meaning...the public taxpayers pick up the tab instead of their own retirement system...

Thats the Mitt Romney way I guess....

He gets a tax break while we taxpayers pay for his dirty work,,,,Damn...

[elleng]

1. Yes and, but,

'investors were pension funds!!!' Clearly not the pension funds of the laid-off workers!

[annabanana]

2. I expect that he plans to do to the US Economy what he did to those companies..

Sell off assets, empty out pension funds (Social Security) and health accounts (medicare & -caid), and arrange for his friends to make out like bandits.

[whathehell]

3. +10

[alittlelark]

6. I think that is the most concise explaination of his plan

that I have heard.

[Amonester]

18. If only it could be possible to make all of that onto bumper stickers.

Or maybe many.

Spot on.

[DCKit]

23. Couldn't possibly agree more...

and a Republican House and Senate would seal the deal.

The U.S. would become a third-world country in a period of months.

[central scrutinizer]

4. He'll fix that, too.

The plan is to privatize Social Security so that can be cratered as well. Hopefully you will have a cardboard box and a spot under the bridge to call your own retirement haven.

[Recursion]

5. Oh, it's worse: look up PBGC

We taxpayers will be paying (a portion of) their pensions.

[SouthernLiberal]

7. I am amazed

It sometimes seems like I am the only one that has noticed this. Starting way back in the 1980's (that I know of), American businesses are run for the benefit of the people running them. Not for the community, not for the workers, and certainly not for the shareholders! Mitt Romney is just a very good representation of this attitude.

Why any one would think that this kind of businessman could run a country utterly baffles me. I have little doubt that if elected, he would try to run the country for his personal benefit, just the way he has run all his businesses.

[spiderpig]

19. You said it, SouthernLiberal

Way back in the 70s my best friend said that as long as corporate execs were rewarded for short-terms profits rather than company growth, we'd be screwed.

Mr. pig and I have both been screwed by our Major Corporate employers, with our pension plans robbed. And we're too old to start over.

Mittens Robme makes me want to throw up.

[blm]

8. INSURANCE FRAUD. Did Romney know taxpayers would pick up the bill and when did he know it?

And if he did this a number of times, then he damn well knew it. INSURANCE FRAUD.

[opihimoimoi]

9. Exactly...how can those guys sleep at night??

[Swede Atlanta]

10. Easily.....

They sleep on expensive beds with thousands of thread count sheets fanned by servants. No worries.....

[Recursion]

11. They sleep on a big pile of money surrounded by beautiful women (nt)

[ShadowLiberal]

12. That's how some of the biggest corporations conservatives love grow, sucking off tax payer money

For all their crying about socialism helping the poor, most conservatives have no problem with all the tax payer money that some of the biggest corporations they love have gotten so big and successful through tax payer money. Just a few examples.

-Wal-Mart, and quite a few other big corporations, open most of their stores/business offices in places that they receive tax subsidies, or other 'bribe' incentive packages that either give them cash, or get them to pay a lower tax rate then everyone else.

-Wal-Mart pays their employees so little that they're eligible for food stamps, and where do their employees spend the food stamps? Wal-mart of course! So the government is in effect subsidizing their low wages from all the food stamps employees use to buy food from Wal-Mart.

[Wellstone ruled]

13. Quick factee

When the raiders finish with your company,this is the usual work-out plan. Chapter 11,usually 1-8 years. All pension funds become part of the money pool run by a court appointed trustee. Not all pensions get PGB protection. There are more funds that receive nothing, than you hear about. It's all up to the Bankruptcy Judge. If the PGB takes your fund,you might receive any ware from a few percentage to maybe 10%. Nobody is made whole.

Lived through this same story,10 years to the date of filling. Received 1% of the wages owed,pension cut to 10 % of what I was supposed to receive. Payroll does not receive the top payment on BK's. Usually fifth or sixth on the list. Thank you Ronnie Regan.

[opihimoimoi]

15. Very sorry to learn of your plight...something has to be done to right this horrid thing to happen

[ErikJ]

14. And left company creditors holding the bag too.

When he forced bankruptcies that meant the companies the bankrupt co owed money couldnt collect!

[Canuckistanian]

16. I heard this was the next Obama campaign ad

With some tie-in to Social Security. It's supposed to be devastating.

[siligut]

17. Oh, please let what you heard be true

Show Romney for what he really is in an area that most people care about.

[AtomicKitten]

20. On one transaction alone, Bain left taxpayers on the hook for $44 million.

Bain also took advantage of subsidies and tax breaks in the hundreds of millions of dollars.

Turns out the wingnuts dig socialism after all.

[Blue Owl]

21. Hey now, don't confuse the teabaggers with your fancy book learnin'

Mitt is a patriot just like Fox News says