Note: This blog's templates will be updated this afternoon to a responsive design bringing it in line with MiamiHerald.com.

At that time, we will also change to the Facebook commenting system. You will need to log in with a Facebook account in order to comment.

« Siplin calls Stand Your Ground "negligently written," weighs in on abused woman case | Main | Up to $2.2 million in lobbyist spending tied to gambling debate »

Welcome to FL, Mitt. Now why did Bain Capital lay off so many people in Miami?

As Mitt Romney returns to Florida on Wednesday for two days of campaigning and money-raising, Democrats are trying to ensure Floridians keep two words in mind: Dade Behring.

It’s the name of a former medical equipment manufacturer in Miami that Romney’s venture capital firm bought and then closed in the late 1990s, walking away with $242 million in profits.

“Obviously you need to make a profit to be successful,” Cindy Hewitt, Dade Behring’s former human resources officer, said Tuesday, at a Miami news conference organized by President Barack Obama’s campaign. “My concern is when businesses are used to generate wealth for a small number of people and businesses are run to the ground and the lifeblood is sucked out of it and all of their employees lose their jobs.”

The case of Dade Behring in Miami, where some 850 jobs were lost while Romney led Bain has been well-documented. But there’s a new wrinkle: The company under Bain’s leadership sought and received millions of dollars in tax breaks for creating jobs in Puerto Rico — shortly before closing its facilities, costing nearly 300 jobs.

At the heart of Romney’s presidential campaign is an argument that his successful business record makes him best equipped to turn around the economy. Democrats are aiming to turn his strength into a vulnerability — a strategy that has worked before.

More here

Here's the pro-Obama Priorities USA spot that's to run in Florida, even though it doesn't feature Bain Capital.


Read more here: http://www.miamiherald.com/2012/05/16/2801276/as-mitt-romney-hits-florida-democrats.html#storylink=misearch#storylink=cpy

Comments