Obama For America -Florida to examine the impact of Mitt Romney’s Business Philosophy

MIAMI – Today, Tuesday, May 15, Obama for America-Florida will take a look at Mitt Romney’s business philosophy and what it would mean for the American economy. To welcome Mitt Romney back to Florida, State Senator Oscar Braynon, Pinecrest Mayor Cindy Lerner, and former Dade International human resources manager Cindy Hewitt will highlight the impact of his private-sector experience on local businesses and workers, which included buying companies, driving up debt, slashing jobs and walking away with millions.

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. Obama for America’s new website RomneyEconomics.com examines what kind of businessman Mitt Romney actually was – and what that would mean for our economy. Romney’s business strategy wasn’t about strengthening companies and creating jobs for long-term economic growth. It wasn’t about investors and workers playing by the same set of rules, and it certainly wasn’t about creating an economy built to last by rewarding hard work and responsibility and strengthening the security of middle-class families.

In a career of buying and selling companies, Romney’s pattern was to reap quick profits for himself and his investors at the expense of workers and communities – including here in South Florida. Sometimes it meant sending American jobs overseas. Other times, it meant cutting wages and benefits. In Romney’s economic philosophy, CEOs and wealthy investors prosper by any means necessary, even when it meant companies failed and workers were left behind. Romney believes in two sets of rules – one for people like him, another for everyone else.

Specifically in Florida, two Dade International medical technologies facilities in Miami were closed under the direction of Mitt Romney’s Bain Capital, costing the community 850 jobs and a $30 million annual payroll.

RomneyEconomics.com examines a simple question – are the lessons and values Mitt Romney drew from his time in business the lessons and values America wants in our President? With Mitt Romney distorting his own record on job creation, Floridians deserve to hear the truth about his economic scheme.

While Mitt 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.

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