How 1 mill thrived, 1 failed after Bain invested
Profits for Mitt Romney, firm in both deals
Scorned as job-killing vampires or hailed as bold corporate visionaries, Mitt Romney and Bain Capital find themselves at the center of an argument about their investment two decades ago in the steel industry. Dueling ads by Romney and President Obama portray Bain’s investments in terms that echo the country’s polarized political rhetoric. In Obama’s view, Bain’s pursuit of riches led to layoffs at a Kansas City mill. For Romney, Bain’s seed money for a start-up in Indiana led to thousands of jobs.