On January 13, 2012, Daily Kos reported:
Mitt Romney says questioning his record at Bain Capital makes you an enemy of free enterprise, but it turns out one of his favorite success stories would have been a failure without tens of millions in government subsidies:
According to the L.A. Times report, Bain earned $85 million from its Steel Dynamics investment—thanks in part to $37 million in subsidies and grants from state and local governments in Indiana. Steel Dynamics is now a multi-billion dollar company, but despite Romney present-day rhetoric about the evils of government involvement in the private sector, it never have gotten off the ground without government aid.
Read the whole article here.
Published: Jan 13, 2012