Obama Top Bundler Ran Bain Capital During GST Steel Layoffs

Obama Top Bundler Ran Bain Capital During GST Steel Layoffs

The Obama campaign has been blaming Mitt Romney for the failure of the GST Steel Company in 2001, conveniently ignoring the fact that Mitt Romney left Bain Capital, which had taken over GST, in 1999. This in itself is a dishonest attack, which will surprise no one, but it gets even more egregious when coupled with this salient fact: one of Barack Obama’s top bundlers, Jonathan Lavine, managing director at Bain, who has bundled between $100,000 and $200,000 in contributions for the 2012 Obama Victory Fund, was one of the guys running Bain when GST went belly-up.

It will be hard for Obama to knock Romney on steel; when Romney was at Bain in 1994, he helped launch Steel Dynamics, which currently employs over 6,000 people. When it comes to investment choice and American job creation, Obama is simply no match for Romney.

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