Alexander Ryking

In the 1990s, there was a steel mill in Kansas City, Missouri. It had been in business since 1888. Then Romney and his partners bought the company. Eight years later it went bankrupt…

Romney’s management team added debt on the company. When they bought the company it had only $13 million of debt. By the time it filed for bankruptcy, its debt had increased 40 fold to over $533 million…

The top 30 executives walked away with $9 million. And Romney and his partners walked away with at least $12 million.

Romney made sure the guys on top got to play by a separate set of rules, he ran massive debts, and the middle class lost. And folks, he thinks this experience will help our economy?

Where I come from, past is prologue.

So what do you think he’ll do as President?

Addressing more than 500 union members and supporters at United Auto Workers Local 12 here, Biden touted the administration’s backing of the auto industry bailout, saying that the GOP presidential candidates were “dead wrong” in their opposition to the measure…

“Look, I want to tell you what’s real bankruptcy,” the vice president said. “The economic theories of Gingrich, Santorum, and Romney. They are bankrupt.”

Biden dismissed as inaccurate the Republican sentiment that, without government intervention, the private sector would have stepped in to the void to aid the ailing automotive sector…

The vice president also argued that Democrats represent economic fairness in comparison to what he described as crony-embracing Republicans.

“Stated simply, we’re about promoting the private sector,” he said. “They’re about protecting the privileged sector.”

Romney appears satisfied to settle for an economy in which fewer people succeed, while the majority of Americans are left to tread water or fall behind. His proposal would actually double down on the policies that caused the greatest economic calamity since the Great Depression and accelerated a decades-long assault on the middle class…

[W]e know from recent experience that his policy prescription for an “Opportunity Society” leads to less, not more opportunity for middle class Americans. How can anyone forget the economic catastrophe brought about by the same policies Mr. Romney’s proposing? His are the same policies that deregulated Wall Street and turned it into a casino that gambled recklessly with hardworking Americans’ money. As a consequence, Americans saw the equity in their homes evaporate and their 401(k)s plummet in value. Millions of jobs were lost.

Americans cannot afford a return to policies that rewarded the recklessness of a few while millions of small businesses and workers were left to clean up the mess. We’ve seen this movie before, and we know how it ends.