Mr. Biden said there is “life and hope in the heartland” as a result of the administration’s pro-manufacturing policies, which he said would do more to build a lasting economy than the profit-at-all-cost approach of firms such as the one Mitt Romney headed.
Mr. Romney’s message this week has focused on the nation’s growing debt. Mr. Biden talked about the debts Bain Capital loaded on to the companies it took over, such as GS Steel, a Kansas City plant. When Bain bought the company, it had $13 million in debt. When it filed for bankruptcy, it was $533 million.
While workers lost jobs, health care and saw pensions dwindle, Mr. Romney and his partners “walked away with at least $12 million on compensation.”
“Romney made sure the guys on top got to play by a separate set of rules. He ran up massive debts, and the middle class lost. And folks, he thinks that experience is going to help our economy?” Mr. Biden said.
Via The L.A. Times.
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