Oops!… Obama Blames Romney For GST Plant Closing in 2001 in New Ad – But Mitt Left Bain in 1999

Barack Obama, the worst jobs president since the Great Depression, released a new ad today attacking Governor Mitt Romney on jobs.

Obama plays the ‘War on the Rich’ card in this new ad.
USA Today reported:

President Obama’s campaign is out with a two-minute TV ad and a six-minute web video blasting Mitt Romney’s career at Bain Capital.

The broadside will air in five key swing states: Ohio, Pennsylvania, Virginia, Iowa and Colorado.

The ad tells the Obama campaign’s version of events at GST Steel, a shuttered Kansas City plant that Bain Capital took over before it went into bankruptcy. The closing cost hundreds their jobs and jeopardized their pensions, according to Obama for America.

The story, Obama’s campaign says, exemplifies Romney’s business philosophy “and what it would mean for the American economy.” Viewers who want to know more can go to RomneyEconomics.com, a new Obama campaign web site that examines other Bain case studies…

…”In Romney’s economic philosophy, CEOs and wealthy investors prosper by any means necessary, even when it meant companies failed and workers were left behind. Romney believes in two sets of rules — one for people like him, another for everyone else.”

In the real world…
The people in the labor force is at its lowest level since 1981 under Barack Obama.

And… The Labor Force Participation Rate Lowest Since 1981.
That’s what real failure looks like.

UPDATE: Pleasance added this in the comments:

Romney left Bain 1999, GST Steel went belly up in 2001 – so how is that Romney’s fault? Or is it a case of once more facts don’t matter to dems.

Of course, the liberal media will completely ignore this fact.
It doesn’t matter. It’s Bush’s Mitt’s fault.

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  • greener

    So, they are telling us that the Democrats would save the steel industry. Go ask the folks in Gary and East Chicago about how well they fared during the Clinton Administration. The US steel industry was not price competitive with Japan, then Korea and so on.

  • Militant Conservative

    Kinda tough when all the world can see your handiwork.

    Obama stinks on ice.

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  • Pleasance

    Romney left Bain 1999, GST Steel went belly up in 2001 – so how is that Romney’s fault? Or is it a case of once more facts don’t matter to dems.

  • Tom in CA

    Time for Romney to run an add on the stolen auto dealerships by the Obama administration.

    Better yet, I am sure there is a great nugget in his stupid book to use….

  • Facauwee Tribe

    Sometimes companies fail investment capital notwithstanding. IIRC, cheap steel was being dump in the US market at that time. I guess that excuse only works if it’s a green energy boodoggle supported with gubmint dollars.

  • Finncrisp

    So the Jackass in chief thinks he knows business. What a crock. The trail of failed business he has poured billions into is certainly not “talking points” for him. His unique ability to assassinate jobs – the gulf, the pipeline, coal industry, electric power, construction. Barry has singlehandedly made America less safe, less prosperous, and less free.

    His administration is a total and utter failure, yet he expects 100% sucess from a company that takes companies that are in trouble and tries to save them. His complete misunderstanding about how business really works is on display. What a dope!

  • 1RedBeard

    Obama attacking Romney on jobs is actually funny, if you like sick humor.

  • Atlanta Media Guy

    Epic Fail by Obama and his idiots at the campaign. Romney will hopefully strike back hard. Like Wisconsin and Scott Walker, doing all he can to save jobs and not have to fire UNION workers, the Democrat teams love to demagogue the hell out of every fact to make it sound like Republicans hate job creation and economic growth when the exact opposite is true. The lies, innuendo and incessant whine will be felt in November as Obama and Axelrod are sent packing back to Chicago, where they can build on their Hope and Change and complete the destruction of Chicago.

  • CT

    Because only our Dear Leader can create jobs.

  • Tom in CA

    GST – Bain’s investment with their money, Solyndra, Obama investment with your money. How many Solyndra folks should have never even been employed much less layed off.

    This is such good red meat for Romney, PLEASE respond…

  • Nomittens

    A very, very, powerful and effective ad….mittens is in deep, deep, doo-doo!

  • 1RedBeard

    Hello, Nomittens troll.

    Lies and deceit might make for an effective political ad in some cases, but not here. The Liar-in-Chief is exposed, via the easily proven false nature of the ad.

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  • olm

    Facts don’t matter.
    The only thing that matters is OBAMA. Don’t you forget it.
    I saw an email forward yesterday about the Obamas’ lack of law licenses for reasons both to be ashamed of.
    All I can say is REALLY?
    If this had been happening 4 years ago, we wouldn’t be in this disaster right now. It is good people are looking at this fraud now but good grief it was all out there then but no one chose to look(except the people on here).

  • BurmaShave

    Here is a better way to push back; Romney’s campaign needs to make a point of this:

    The day the democrats took over was not January 22nd 2009, it was actually January 3, 2007… the day the Democrats took over the House of Representatives and the Senate, at the very start of the 110th Congress.

    The Democrat Party controlled a majority in both chambers for the first time since the end of the 103rd Congress in 1995.

    For those who are listening to the liberals propagating the fallacy that everything is “Bush’s Fault”, think about this:
    January 3rd, 2007 was the day the Democrats took over the Senate and the Congress. At the time:

    The DOW Jones closed at 12,621.77
    The GDP for the previous quarter was 3.5%
    The Unemployment rate was 4.6%

    George Bush’s Economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB GROWTH
    Remember the day…

    January 3rd, 2007 was the day that Barney Frank took over the House Financial Services Committee and Chris Dodd took over the Senate Banking Committee.

    The economic meltdown that happened 15 months later was in what part of the economy?

    Unemployment… to this CRISIS by (among MANY other things) dumping 5-6 TRILLION Dollars of toxic loans on the economy from YOUR Fannie Mae and Freddie Mac FIASCOES!

    Bush asked Congress 17 TIMES to stop Fannie & Freddie – starting in 2001 because it was financially risky for the US economy.

    And who took the THIRD highest pay-off from Fannie Mae AND Freddie Mac? OBAMA
    And who fought against reform of Fannie and Freddie?
    OBAMA and the Democrat Congress
    So when someone tries to blame Bush..

    Budgets do not come from the White House. They come from Congress, and the party that controlled Congress since January 2007 is the Democrat Party.

    Furthermore, the Democrats controlled the budget process for 2008 & 2009 as well as 2010 & 2011.
    In that first year, they had to contend with George Bush, which caused them to compromise on spending, when Bush somewhat belatedly got tough on spending increases.

    For 2009 though, Nancy Pelosi & Harry Reid bypassed George Bush entirely, passing continuing resolutions to keep government running until Barack Obama could take office. At that time, they passed a massive omnibus spending bill to complete the 2009 budgets.

    And where was Barack Obama during this time? He was a member of that very Congress that passed all of these massive spending bills, and he signed the omnibus bill as President to complete 2009.

    If the Democrats inherited any deficit, it was the 2007 deficit, the last of the Republican budgets. That deficit was the lowest in five years, and the fourth straight decline in deficit spending. After that, Democrats in Congress took control of spending, and that includes Barack Obama, who voted for the budgets.

    If Obama inherited anything, he inherited it from himself. In a nutshell, what Obama is saying is “I inherited a deficit that I voted for and then I voted to expand that deficit four-fold since January 20th.”

  • RealMc

    NoBama Campaign slogan:

    Facts, we don’t need no steenkin facts!!!!

    now move along, nothing to see here…….

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  • KornKing

    Of course, “everyone knows” that if Mittens HAD been there, it would have happened that way

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