Mitt Romney has a big problem ahead, as he is faced with headlines that feature words like bankruptcy and layoffs. The Bain business model, as Paul Krugman noted, enriched Romney and his cronies at Bain at the expense of ordinary workers at the companies they bought.
Reuters paints this picture vividly, as they tell the story of a Kansas City steel mill that Bain purchased, looted, and led into bankruptcy. Even more devastating is the reaction of at least one conservative former Armco worker, who is featured in a new anti-Romney ad put together by Moveon.org. “They [Bain] walked out of here with millions. They left us with nothing.”
Way to reach out to the conservative base, Mitt.