Tag Archives: gst steel

On Labor Day, it’s important to remember exactly WHO fired you from that $22/hour job…

Posted on by

…and why you have to work two $9/hour jobs today — jobs you have IF YOU’RE LUCKY. 

Matt Taibbi: The line that astonished me most from Mitt’s speech was this one, where he talked about the changes Americans “deserved” and should have gotten during Obama’s presidency:

You deserved it because you worked harder than ever before during these years.  You deserved it because, when it cost more to fill up your car, you cut out moving lights, and put in longer hours.  Or when you lost that job that paid $22.50 an hour, benefits, you took two jobs at $9 an hour…

Are you kidding? Mitt Romney was the guy that fired you from that $22.50 an hour job, and helped you replace it with two $9 an hour jobs! He was a pioneer in the area of eliminating the well-paying job with benefits and replacing it with the McJob that offered no benefits at all. One of the things that killed him in the Senate race against Ted Kennedy were Kennedy ads that reminded voters that Mitt’s takeovers resulted in slashed wages and lost benefits. He was exactly the guy that eliminated that classic $22.50 manufacturing job, like in the case of GST Steel, where Bain took over with an initial investment of $8 million, paid itself a $36 million dividend, ended up walking away with $50 million, and left GST saddled with over $500 million in debt. 750 of those well-paying jobs were lost.

What kinds of jobs were left for those fired workers to look for? Well, in the best-case scenario, you might have found one at Ampad, another Bain takeover target, where workers had their pay slashed from $10.22 to $7.88 an hour, tripled co-pays, and eliminated the retirement plan.

So a guy who eliminated hundreds of $22 an hour jobs and slashed hundreds more jobs to below $9 an hour blasts Barack Obama for not giving you the better life you deserved, after you lost your $22/hour job and had to take two $9/hour jobs. Are we all high or something? Did that really just happen?

I don’t know if we’re all high, but I’m beginning to suspect the entire GOP, Mitt Romney, Paul Ryan, and every one of their supporters.  It’s as if Romney is having some fun at the expense of The Help, like he’s saying, “Look what I did to all of you — and your Obama cannot fix it! [insert creepy robo-laugh here]“

communism-kills: Meanwhile at Romney campaign headquarters:

Morning Bunker Report: Monday 6.11.2012

Posted on by

WHAT ROMNEY / REPUBLICANS STAND FOR———————————————

John McCain will be stuck in 2008 forever, his concession speech on an endless mental loop, with Princess Braindead by his side – [In 2005] as the Plame case unfolded, many Republicans now calling for administration heads accused Democrats of playing politics and conducting an unwarranted witch hunt. They urged at the time that Bush administration officials be given the benefit of doubt. “I do believe that every American has the right of presumption of innocence until proven guilty,” Sen. John McCain (R-Ariz.) said in 2005, when suspicions were focused on top Bush adviser Karl Rove. “Karl Rove has stated that he did not do anything wrong and break any law. I take him at his word.” [...] Now that a Democrat sits in the Oval Office, the GOP complainers are unwilling to hold off on predeterminations. The administration is “intentionally leaking information to enhance President Obama’s image as a tough guy for the elections,” McCain recently said. “That is unconscionable.” — HuffPo

Republicans vote to block transparency on political ads (you don’t need to know who wants to buy government) – The Republican opponents “of a new rule to post political ad information online have opened up another front in a long-running fight, inserting language into an appropriations bill that would bar the Federal Communications Commission from implementing the transparency measure,” ProPublica reports. – Political Wire

Indiana Gov. Mitch Daniels called for the elimination of public sector unions — Wallace… asked whether Daniels would like to see public-sector unions disappear entirely. ‘I think government works better without them, I really do,’ Daniels replied.” In 2005, Daniels signed an executive order that “eliminated collective bargaining rights for government workers.” As a result, workers in the state “receive lowers salaries and must pay higher health care costs.”  – HuffPo | Note: And there’s the common theme to every GOP argument about employment: lower salaries and less benefits for workers (ALL workers).  Lay people off so they’ll accept less just to be employed again. The job ‘creators’ take in more profit, bank more bonuses, continue killing the middle class.


image: WWJD

“This was a booming place. And Mitt Romney and Bain Capital turned it into a junkyard” – The ad features Donnie Box, who lost his job of 32 years at Kansas City’s GST Steel after Romney’s firm took it over. “Romney and Bain Capital shut this place down,” Box says in the commercial, standing outside a shuttered factory where he used to work. “They shut down entire livelihoods. They promised us healthcare package, they promised us [they'd] maintain our retirement program, and those were the first two things to disappear. This was a booming place. And Mitt Romney and Bain Capital turned it into a junkyard. Just making money and leaving.” – Maddow Blog


…

Dear Mr. Romney, please explain why America will be better off when more teachers, cops, and firefighters are unemployed – As a rule, gaffes tend to capture the political world’s attention, but in this case, we have something more significant than a soundbite — we have a policy position. Indeed, the Republican nominee for president seriously believes we can “help the American people” by laying off, not just public-sector workers in general, but specifically cops, firefighters, and teachers — and his background as a one-term governor makes clear he means it. This is so far from the mainstream that even Wisconsin Gov. Scott Walker (R) wouldn’t endorse Romney’s line… the Republican governor said, “I know in my state our reforms allowed us to protect firefighters, police officers and teachers. That’s not what I think of when I think of big government.”  [...] The differences between Obama and Romney on this have the potential to drive the presidential campaign: does it help or hurt America when hundreds of thousands of school teachers and first responders lose their jobs? For the first time in generations, the two major-party presidential candidates answer that question differently. — Steve Benen

Tea party activists say they’ll abstain from voting on Election Day – “I have heard from various folks in the tea party that they would rather stay home,” said Ana Puig, the state director of FreedomWorks, a conservative activist training group. “I’m hearing that from people all over the country and on Facebook.” The Romney rejection stems from the deeply held belief by many conservatives that the former Massachusetts governor is really a moderate wolf in conservative sheep’s clothing.  [...] “The same things were said about [2008 GOP nominee] John McCain,” Burkholder said. “When McCain won the nomination, we were for Romney because he was more conservative than McCain. You can see how far the conservative movement has come now that Romney isn’t conservative enough.” – PennLive.com

WHAT THE PRESIDENT / DEMOCRATS STAND FOR ————————————

Obama to focus on Michigan recovery — Instead of just focusing on the turnaround of General Motors Co. and Chrysler Group LLC, which rebounded since the $85 billion federal auto bailout, the Obama campaign intends to shine a weeklong spotlight on other manufacturers, restaurants, tourist spots and firms that benefitted from the auto recovery… Sen. Carl Levin, D-Detroit, will kick off the Michigan Road to Recovery Tour on Monday with a press call. — Political Wire

Wake up and smell the coffee: What’s wrong with a third of union members and a third of government employees? A strong majority of union members support President Barack Obama, but about one-third back Mitt Romney, a new survey on Monday reveals. Indeed, 57 percent of union workers would vote for Obama, while 35 percent support Romney, according to a Gallup Poll. [...] Meanwhile, government workers — whether union members or not, continue to support Obama over Romney: the former 59 percent to 34 percent; the latter 48 percent to 44 percent. – POLITICO | Note: what exactly do you not understand about what Romney / the GOP would like to do with you if you belong to a union or have a job in the public sector? HINT: they don’t consider YOU a member of ‘the American people’ who deserve ‘help.’ 

What to expect from a Romney presidency, by his own actions in Massachusetts, in his own words today: less police, firefighters, and teachers — less employment, economic recovery, education, security, and services:

…

David Axelrod: Mitt Romney ‘Living On A Different Planet’ – “We’re not going to win, and our kids aren’t going to win, unless we invest in education,” Axelrod told host George Stephanopoulos on ABC’s “This Week.” [...] “So I would suggest he’s living on a different planet if he thinks that’s a prescription for a stronger economy.” “What was most interesting is how he reacted to the spirit of the thing, because his statement was, ‘We don’t need any more teachers, we don’t need any more firefighters or police,’” Axelrod said. [...] “I think the American people are smarter than that,” he said. “They understand the president called the press conference to say that because of the storm clouds that are rolling in from Europe and elsewhere, we need to undergird our economy.” – HuffPo

Van Jones slams Mike Huckabee: The average teacher doesn’t make $100,000 – “Look, first of all, maybe I [was] raised wrong, I never heard of this threat to American called ‘public employee,’” Jones said. “In my neighborhood, we called them teachers, we called them firefighters, we called them cops, we called them nurses. And we were told to look up at them and respect them. And to now be a punching bag, people like my father and my mother, who were public school teachers who did not make $100,000 and whatever you just said and nothing near it, for them to become a punching bag is wrong.” “Furthermore, I think we to need to take a big step back here. When you have the amount of pain in this country, the Republican Party has not only been missing in action, they won’t pass their own bills to help Americans right now. They won’t pass their own ideas to help small businesses right now. Why? Because their gain will come when America has more pain.” Jones added: “It’s like Obama is a lifeguard, trying to help people from drowning, and these guys are sitting back hoping more people will drown. That’s wrong, that’s morally wrong.” In Chicago, the average salary for a teacher is currently $50,577, including all benefits. – Raw Story | Note: what kind of an out of touch idiot (or bald-faced liar) would claim the average salary for a teacher is $100,000 a year? 

Krugman: Obama ‘screwed up’ the ‘private sector is fine’ line — The Nobel prized-winning economist explained how the president was technically correct in comparing the private sector numbers to its anemic public sector counterpart, but further added how Obama was clumsy with his words. “By this point in Obama’s presidency, if we had normal sector job growth, we’d have 800,000 more people: firefighters, schoolteachers, police officers. Instead, we’ve got 600,000 fewer,” Krugman said. “So right there, it’s like 1.4 million jobs that we should have had in the public sector. That’s what he was trying to get at and of course, he screwed up the line.” – Raw Story

Campaign ads for people who should listen to them (but won’t)

Posted on by

Obama super PAC launches Bain offensive – “Whether the companies they came in and worked with made money or not, was irrelevant. Bain Capital always made money,” Wells says in the ad. “If we lost, they made money. If we survived, they made money. It’s as simple as that.” Wells warns: “He promised us the same things he’s promising the United States. And he’ll give you the same thing he gave us: nothing. He’ll take it all.” [...] The key message point in the Priorities ad is the argument that Romney and Bain were making money through a rigged game, in which they’d be sure to turn a profit regardless of how their acquisitions fared.


…

And here’s a reminder on what kind of people would never be swayed by such “information” or “reality” when it comes to voting for anyone but the Republican (even Romney) on any presidential ticket:


…

INTERVIEWER: So, something’s not working here.
TOOTHLESS GUY ON FOOD STAMPS: That’s right.
INTV: Voting Republican hasn’t worked for you.
TGOFS: But it could.
INTV: But it hasn’t.
TGOFS: It hasn’t but it could.

Take that Obama! Let the eagle soar! 

Morning Bunker Report: Monday 5.14.2012

Posted on by

WHAT THE REPUBLICAN PARTY STANDS FOR TODAY—————————–—

MAN OF GOD: It seems that some people would rather not extend the statute of limitations for the crime of sexually abusing children. What kind of monster — no, wait… Cardinal Timothy Dolan has made defeating statute of limitations reform one of his top legislative priorities. This is the guy, remember, who made such a loud fuss about contraception that the president had to cut a compromise deal that caused Dolan and the rest of the clerical errors to make an even louder fuss. And who, most recently, opened his well-stuffed piehole on the subject of the president’s support for marriage equality: “We cannot be silent in the face of words or actions that would undermine the institution of marriage, the very cornerstone of our society. The people of this country, especially our children, deserve better.” — Charles P. Pierce

Mitt Romney’s mantra: Avoid John McCain’s mistakes (PALIN!) – Many of the current strategy discussions are centered on not falling into the traps McCain did: looking wobbly as a leader and weak on the economy in the final weeks of the campaign. The private discussions include ruling out any vice presidential possibilities who could be seen as even remotely risky or unprepared; wrapping the entire campaign around economic issues, knowing this topic alone will swing undecided voters in the final days; and, slowly but steadily, building up Romney as a safe and competent alternative to President Barack Obama. McCain, according to Romney advisers, blew it on all three scores. And of the three, the most conscious effort by Romney’s team to do things differently will be in the V.P. selection process. One Republican official familiar with the campaign’s thinking said it will be designed to produce a pick who is safe and, by design, unexciting – a deliberate anti-Palin. The prized pick, said this official: an “incredibly boring white guy.” – POLITICO

Dimon On Whether JP Morgan’s $2 Billion Loss Proves Banks Are Still Too Risky: ‘I Don’t Think So’ – [JP Morgan Chase CEO Jamie] Dimon has been one of the biggest critics of the Volcker Rule, which is meant to prevent banks from making massive bets with federally insured dollars. [...] Of course, the point isn’t whether JP Morgan, the biggest bank in the U.S., can survive a trade like this. It’s whether the financial system can sustain this sort of trading by all of the big banks, many of which are not in the same financial shape as JP Morgan. As the New York Times detailed yesterday, JP Morgan and the rest of the nation’s biggest banks have been fighting to widen exemptions to the Volcker Rule that would allow banks to continue making risky trades of this sort. ”I hope that the final [Volcker] rule will prevent this,” said Rep. Barney Frank (D-MA), whose name graces the Dodd-Frank financial reform bill, on ABC today. “The Volcker Rule is still being formulated.” — Think Progress

  • RNC Chief: Leave Wall Street alone – Host David Gregory asked a straightforward question: “In light of the losses on Wall Street this week, you think we need less financial regulation rather than more?” In Preibus’ mind, it’s not even a close call: “I think we need less.” The RNC chief added that Democrats have “made things worse” by approving new safeguards and adding new layers of accountability to the financial system. It reminded me of an Upton Sinclair line: “It is difficult to get a man to understand something, when his salary depends upon his not understanding it.” — Steve Benen
  • Democratic Massachusetts Senate candidate Elizabeth Warren called for JPMorgan Chase CEO Jamie Dimon to resign his position as a director at the Federal Reserve Bank of New York. In a statement posted on her website, Warren said Dimon stepping down would “send a signal to the American people that Wall Street bankers get it and to show that they understand the need for responsibility and accountability.” – The Hill
  • JPMorgan Chase has been lobbying to make exactly the kind of trades that just lost the company billions of dollars. – Edward Wyatt in The New York Times
  • JPMorgan Chase’s loss proves the need for bank regulation. – Paul Krugman in The New York Times
  • More from Ezra Klein…
  • How Wall Street Killed Financial Reform – The fate of Dodd-Frank over the past two years is an object lesson in the government’s inability to institute even the simplest and most obvious reforms, especially if those reforms happen to clash with powerful financial interests. From the moment it was signed into law, lobbyists and lawyers have fought regulators over every line in the rulemaking process. Congressmen and presidents may be able to get a law passed once in a while – but they can no longer make sure it stays passed. You win the modern financial-regulation game by filing the most motions, attending the most hearings, giving the most money to the most politicians and, above all, by keeping at it, day after day, year after fiscal year, until stealing is legal again. “It’s like a scorched-earth policy,” says Michael Greenberger, a former regulator who was heavily involved with the drafting of Dodd-Frank. “It requires constant combat. And it never, ever ends.” That the banks have just about succeeded in strangling Dodd-Frank is probably not news to most Americans – it’s how they succeeded that’s the scary part. –  Matt Taibbi | Rolling Stone

PRESIDENT OBAMA / DEMOCRATS————————————————————

The coming issue of Newsweek: Andrew Sullivan on Barack Obama’s Gay Marriage Evolution – The president’s bold support shifted the mainstream. Andrew Sullivan on why it shouldn’t be surprising—Obama’s life as a biracial man has deep ties to the gay experience. [...] To have the president of the United States affirm my humanity—and the humanity of all gay Americans—was, unexpectedly, a watershed. He shifted the mainstream in one interview. And last week, a range of Democratic leaders—from Harry Reid to Steny Hoyer—backed the president, who moved an entire party behind a position that only a few years ago was regarded as simply preposterous. And in response, Mitt Romney could only stutter.

A new two-minute Obama commercial stars steelworkers somberly dismantling Mitt Romney’s record as a job creator at Bain Capital. “I know how business works. I know why jobs come and why they go,” says Romney in the clip. But the veterans of Kansas City’s GST Steel tell a different story of the Bain takeover, which occurred in 1993 and resulted in about 750 people out of work: “They made as much money off of it as they could. And they closed it down,” laments Joe Soptic, a steelworker for three decades. “It was like a vampire,” says another. “They came in and sucked the life out of us.” The extra-long spot has an extended version online at RomneyEconomics.com, and both are packed with soundbites. “It was like watching an old friend bleed to death,” adds one worker. “Bain Capital walked away with a lot of money that they made off this plant. We view Mitt Romney as a job destroyer.” – Steelworkers Slam Mitt Romney and Bain Capital in Harsh New Obama Ad — Daily Intel

…

Why the ’80/20 rule’ matters – Over the summer, 16 million Americans are going to get some nice checks in the mail from their insurance company, due entirely to the fact that the much-derided health care law is looking out for consumers, not insurers. As the segment explained, folks like getting unexpected money in the mail. When they realize it’s because of Obamacare, maybe the law will start to look a little better in those consumers’ eyes. That checks will hit mailboxes a few months before the election probably doesn’t hurt Obama’s potential benefit, either. It’s also worth keeping in mind these rebate checks will disappear if/when Republicans kill the entirety of the law, replacing it with nothing: “Some House and Senate Republicans are now admitting what’s been obvious from the start: that the Republican vow to ‘repeal and replace’ Obama’s health law has always been a bait-and-switch.” — Steve Benen