Top Obama Bundler Was Over Bain During GST Steel Layoffs, Not Romney

I love the documented lies from Obama. Team Obama ran an ad attacking Mitt Romney and blaming him for the GST Steel layoffs.

Kansas City’s GST Steel had been making steel rods for 105 years when Romney and his partners took control in 1993. They cut corners and extracted profit from the business at every turn, placing it deeply in debt. When the company eventually declared bankruptcy, workers not only lost their jobs but were denied their full pensions and health insurance, and the government was forced to step in and provide a bailout.

Only one problem. It’s a lie. Romney wasn’t over Bain Capital. Obama bundler, Jonathan Lavine was.

From ChuckStowe:

Blaming Governor Romney for any issues surrounding the failure of GST is wrong and it is a blatant lie. Mitt Romney had been long gone when the company started to fail and subsequently closed it doors. When are the President and his campaign hacks going to get the story correct? When are they going to get back to their economy and its dreadful condition? Mr. President, you can run but you cannot hide.

It turns out that Jonathan Lavine, current Obama bundler, was actually in charge, at Bain, during that period, when the layoffs occurred. Oops, that isn’t right, is it? Yes, that story is the one that needs to be reported on. Sorry Mr. President, your lies are just getting to be more than many of us are able to handle.

Jonathan Levine is a top Obama bundler….

According to the Center for Responsive Politics, which tracks Federal Election Commission data, Obama has collected $118,121 from donors who list Bain as their employer between June 2004 and May 2012. The period covers Obama’s bid for the Senate and his presidential campaigns.

One of Obama’s top campaign financiers - Jonathan Lavine - is also managing director at Bain, bundling between $100,000 and $200,000 in contributions for the 2012 Obama Victory Fund, according to estimates released by the Obama campaign. The president has also relied on other leading figures in the private equity sector as hosts for high-dollar fundraisers and as members of his Jobs Council.

Lavine is owner of the Boston Celtics and has a history of presiding over Bain during layoffs. Team Obama has been caught lying about Romney’s record. This isn’t the first time.

Jonathan Lavine is a long-time Bain Capital executive and co-owner of the Boston Celtics. He is also one of President Obama’s most prolific fundraisers. He has already raised more than $200,000 for the Obama campaign this election, according to Federal Election Commission records.

Lavine started working for Bain in 1993. He was one of three Bain executives who served on the board of directors of Ampad for several years, a post he held until 1999. Here’s a news release announcing his departure from the company in April 1999.

Lavine’s placement on the board of Ampad suggests he had a more direct role than Romney in the series of events surrounding the layoffs, labor disputes and eventual bankruptcy of the Marion, Ind., factory featured in the Obama campaign video.

Obama lies because he simply can’t run on the truth about his record.

H/T to Gateway Pundit

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Top Obama Donor Tied to Bain Layoffs

Another Obama attack plan goes down in flames.

From ABCNews:

The Obama campaign’s latest attack tells the story of workers at an Indiana office supply company who lost their jobs after a Bain-owned company named American Pad & Paper (Ampad) took over their company and drove it out of business.

Here’s what the Obama Web video doesn’t mention: A top Obama donor and fundraiser had a much more direct tie to the controversy and actually served on the board of directors at Richardson, Texas-based Ampad, which makes office paper products.

Jonathan Lavine is a long-time Bain Capital executive and co-owner of the Boston Celtics. He is also one of President Obama’s most prolific fundraisers. He has already raised more than $200,000 for the Obama campaign this election, according to Federal Election Commission records.

Lavine started working for Bain in 1993. He was one of three Bain executives who served on the board of directors of Ampad for several years, a post he held until 1999. Here’s a news release announcing his departure from the company in April 1999.

Lavine’s placement on the board of Ampad suggests he had a more direct role than Romney in the series of events surrounding the layoffs, labor disputes and eventual bankruptcy of the Marion, Ind., factory featured in the Obama campaign video.

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Hey Libs…Obama Has A Bain Bundler Raising Campaign Cash

Obama pretends to hate those “fat-cat” 1%ers…unless they raised millions for his reelection.

From BuzzFeed:

President Obama’s attacks on the financial elite have always been hobbled by his personal affinity for them. Liberal finance figures like George Soros backed him during the Democratic primary, and he always just got along with those guys.

“I know both those guys; they are very savvy businessmen,” Obama said of Lloyd Blankfein and Jamie Dimon in 2010, undercutting an effort to channel outrage at Wall Street. “I, like most of the American people, don’t begrudge people success or wealth. That is part of the free-market system.”

And while there’s no doubt that Mitt Romney is Wall Street’s broadly preferred candidate, Obama’s current bundler list is full of financiers.

Among them is a managing director of Bain Capital, the firm Mitt Romney founded, and whose name Obama and Newt Gingrich have sought to make synonymous with vicious layoffs and predatory financial engineering.

Jonathan Lavine, the managing director at Bain, raised more than $100,000 for Obama, according to the campaign.

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