Fact-checking Obama about Romney and Bain Capital
By Molly Moorhead
Published on Wednesday, May 16th, 2012 at 6:21 p.m.
Months after Newt Gingrich raised Mitt Romney’s record at the private equity firm Bain Capital as an election issue, Barack Obama has taken up the narrative.
In an ad playing in battleground states, the Obama team paints Romney as a predatory capitalist who saw an opportunity for profit at a long-running Kansas City steel mill, which he bought, squeezed money out of and ultimately closed down, putting 750 people out of work. Several former steelworkers help tell the story, with one calling Romney a "vampire who came in and sucked the life out of us."
The ad makes a slew of charges against Romney. We checked out a claim from a press release announcing the ad, that wraps the attacks up into one statement: "Mitt Romney and his partners loaded it with debt, closed the Kansas City plant and walked away with a healthy profit, leaving hundreds of employees out of work with their pensions in jeopardy."
We rated the claim Mostly True.
See Truth-O-Meter item.
Researchers: Molly Moorhead
We want to hear your suggestions and comments.
For tips or comments on our Obameter and our GOP-Pledge-O-Meter promise databases, please e-mail the Obameter. If you are commenting on a specific promise, please include the wording of the promise.For comments about our Truth-O-Meter or Flip-O-Meter items, please e-mail the Truth-O-Meter. We’re especially interested in seeing any chain e-mails you receive that you would like us to check out. If you send us a comment, we'll assume you don't mind us publishing it unless you tell us otherwise.
Keep up to date with Politifact :
- Sign up for our e-mail (about once a week)
- Put a free PolitiFact widget on your blog or Web page
- Subscribe to our RSS feeds on Truth-O-Meter items
- Subscribe to our RSS feeds on GOP Pledge-O-Meter items
- Subscribe to our RSS feeds on Obameter items
- Advertise on PolitiFact
- Shop the PolitiFact store for T-shirts, hats and other PolitiFact swag