Obama - Biden
 
On the campaign trail, Mitt Romney points to his business experience as his
chief qualification to be president -- pointing often to that background to
explain how he'd boost the economy, how he'd create jobs, how he'd fix the
budget.
Watch this video we put together
 featuring people affected by Mitt Romney
during his time in the private sector, and help hold him accountable by
passing it along.
 Video: Romney economics
It's important that you understand exactly what Romney did as a businessman,
and whether the lessons and values he drew from that experience really do
qualify him to be our president.
In a career of buying and selling companies, Romney's pattern was to reap
quick profits for himself and his investors, but often at the expense of
workers and communities. Sometimes it meant outsourcing jobs to places like
China and Mexico. Other times, it would mean reducing wages and benefits.
At times, his firm would buy companies, load them with debt and pocket
millions, even as the companies went bankrupt, costing workers their jobs,
health care, and pensions.
In Romney's world, CEOs and wealthy investors prosper by any means they can
get away with, even when that means companies fail and workers are left
behind. Two sets of rules -- one for people like him, another for the rest
of us.
It's our job to let people know the truth about Romney's record, and what it
says about the economic vision and values he would bring to the presidency.
The real strength of the economy is a growing, thriving middle class, not
simply a band of successful financial engineers, and Romney doesn't get
that. 
I sent the note below to the Truth Team, a group of grassroots supporters
who've signed up to be on the front lines of doing just that.
So check out this video:
[url]
 
And consider becoming a part of the Truth Team -- we'd love to have your
help.
Thanks,
Stephanie
More than 1.9 million people like you power this campaign. If you can,
please donate today.
 
From: Stephanie Cutter, BarackObama.com
Subject: Romney economics
On the campaign trail, Mitt Romney points to his private sector experience
as his chief qualification to be president.
So we took a look at that experience, and put together a new site,
RomneyEconomics.com, on it. Take a look for yourself here.
 
Let me sum up how Romney economics works: 
Romney and his partners bought companies across the United States, often
loading them up with debt in the process. 
Too often, they slashed pensions, benefits, and jobs, while paying
themselves and their shareholders straight from the debt they'd accumulated.
Because of that debt, several of these businesses went bankrupt, leaving
workers without jobs, without pensions, and without health care -- all while
Romney and his partners walked away with millions.
and no one is challenging Romney's right to run his business as he saw fit
or questioning private equity as a whole.
But when a handful of people make a fortune by putting thousands out of work
and bankrupting once-healthy businesses, it's legitimate to question whether
those are the values America needs in a president -- and whether those are
the values that will create an economy built to last, with a strong, secure
middle class.
On the campaign trail, Mitt Romney claims that what he and his partners did
is the very best of what capitalism can be. He claims to know how to create
jobs based on that experience, but even his former partners admitted their
business was never about creating jobs -- it was about creating wealth for
investors.
Just listen to the workers of GST Steel: Mitt Romney came in, ravaged it
with debt, and it ended up filing for bankruptcy. 750 workers lost their
jobs and health care, and Romney's managers left their pension fund $X
million short. The 113-year-old steel mill closed its doors, and Romney's
company made a 150% profit on their initial investment.
As RomneyEconomics.com shows, stories like that happened time and time
again. That approach, where a few people do very well no matter what the
cost to others, is the last thing we need in a president.
Romney's economics would be a disaster for the middle class. We can't afford
an economy where even when the company fails, the financial wizards walk
away with millions, while the workers who have invested years growing the
company are left holding the bag. That won't make our economy -- or our
country -- stronger.
As part of the Truth Team, it's up to us to spread the truth behind Mitt
Romney's business record. We don't need to spin it here, the facts speak for
themselves.
So take a look around the site -- check out the year-by-year statistics and
hear from the workers and managers affected by Mitt Romney and his business
partners. Then share these stories far and wide:
[url]
 
There's too much at stake in this election not to. 
Thanks,
Stephanie
Stephanie Cutter
Deputy Campaign Manager
Obama for America
Paid for by Obama for America
 
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