CHICAGO, IL – Obama for America will hold a press conference call today to announce a new Romney Economics video that highlights the story of Ampad, one company Mitt Romney and his partners bankrupted by playing with two sets of rules — one for Romney and others at the top, and another for everyone else.
Ampad, a paper company, acquired and quickly closed a plant in Marion, Indiana which cost all 250 workers their jobs. Ampad went on to lose a total of 1,500 jobs while Romney and his investors multiplied their initial investment 20 times over, illustrating how Romney Economics is about doing whatever it takes to maximize profit, regardless of the cost to workers, companies and communities.
Mitt Romney has repeatedly cited his business experience as his chief qualification to be President, claiming he would use it to boost the economy, create jobs, and reduce the deficit. But Romney’s business values put short term profit for himself and his investors ahead of long term growth for the companies he bought and sold–destroying some of the communities where he and his partners invested — values that would be disastrous for our economy and our nation if Romney were in the White House.
While Romney wants to go back to the philosophy that created the economic crisis, President Obama is moving America forward – to an economy built to last, where hard work pays off, responsibility is rewarded, and everyone has a fair shot, does their fair share, and plays by the same rules.
Today’s conference call will feature Randy Johnson, former Ampad worker and current United Steelworkers employee, and Obama for America National Press Secretary Ben LaBolt.