Videos (May 2012) «
Obama for America
Obama for America
Economics: Job Loss and Bankruptcy at Ampad " +
5:46 web video from May 21, 2012.
Woman (Valerie Bruton): I really feel in my heart people need to know what Mitt Romney did to Marion, Indiana in 1994.
Johnson, former SCM Employee & Union Leader: The average
person in the Marion area would say that they were middle income to
lower income, but we had good jobs that you could raise a family on.
The plant that I worked at was right over here.
SCM produced office supply products. We made
tablets, file folders, index cards, calendars; anything that you could
use in an office or around the household.
It was a lot of work, but you felt like you'd
really accomplished something.
Bruton, former SCM Employee: I really can't explain it. My
hands can explain it for all these calluses, but when you make a
product and you know it's the best that you can do, it felt good.
Rayburn, former SCM Employee: Good paying job with good
benefits. I loved working with the people I worked with. I
thought I was settled in for life.
[Music changes tempo]
Bain Capital-owned Ampad buys SCM.
Mitt Romney is Bain Capital's CEO.
News Announcer: Until early July workers were employed by SCM,
an office products supplier, but then the company was sold to Ampad.
we had a job, and the next day we didn't.
Johnson: We'd been bought and sold in the past. We'd never
had a problem; we were always a business that had value.
Bennett, former SCM Employee: Then when Bain Capital bought us
and Ampad come in, that was a whole different story. They put
armed guards up at the doors, did not look at anyone, did not speak to
anybody and told us we were all fired.
Rayburn: I understand if you've got to cut back, layoffs, I mean
that's part of the business. We accepted that over the years when
we were there. But you don't come in and just take everything
everybody's got and destroy a business. I mean that's what they
We were a nice strong, healthy company, we were
making money, and for them to just come out from nowhere and shut the
place down, it was devastating.
Announcer: When Ampad bought the former SCM plant, it abruptly
fired all 350 workers. The union says it reduce wages and
Rayburn: First thing they did is knock the pay down...
Clip of Jerry Rayburn from 1994: We've got people in here that
[inaud.] wages that they made 14 years ago.
Rayburn: ...took our benefits. We didn't have any more
retirement. And Bain, Mitt Romney, they did not care about us as
workers. They were looking at the mighty dollar.
Bruton: When I look at the clipping that I have in the paper of
the closing, that's where it all started for me. This was the
worst day of my life.
At the time all this happened I was pregnant, have
two kids at home, and I just lost my job.
Rayburn: From week to week I didn't know what I was going to
do. I was barely getting by. Groceries were thin.
Bruton: When SCM shut down the doors, that was the first time
I'd ever been in the system with food stamps. Then I had to get
on Medicaid. It was just, it was rough, but I did it...
Randy Johnson: You did it because you had to.
Valerie Bruton: I had no choice because I had my babies, my babies depended on me.
That was the most degrading thing. I mean
don't get me wrong; it's there for a reason. But I never in my
whole life ever think I would have to resort to that because I wasn't
raised like that. My parents instilled in me you give it 110
percent of whatever you do in life. So when you're not raised
with getting public assistance, that was very devastating to me.
Randy Johnson: As a leader, that was my job too. When you have to sit there and watch people's faces, and they're looking to you for the answers and they just break down, and it'll choke you up; it's real.
Bennett: I had my electricity turned off and my heat turned off
and they were threatening to take my car. I was scared. I
mean it affects every aspect of your life.
Announcer: As for Ampad's side of this story--
News Reporter: No interviews, no response, no reaction, no comment, nothing?
Security Guard: That's what I was just told; I'm just doing what I'm told.
Ampad is saddled with massive debt and files for bankruptcy.
Bain Capital has made over $100 million in profit.
Rayburn: To me Mitt Romney takes from the poor and the middle
class and gives to the rich. He's just the opposite of Robin Hood.
Johnson: And just think we're talking about just the companies,
but how many businesses associated with those companies, how many mom
and pop shops, how many restaurants, how many bars and things like that
around these plants, how many small communities were devastated?
It doesn't just stop, you know, with the worker.
Rayburn: It makes me sick to my stomach when I sit there and
watch Mitt Romney tell the American people about how he creates all
Valerie Bruton: They're not jobs for a middle class person. I mean you would have to work his job and two other jobs just to maintain.
Bennett: You can tell by the way he acts, the way he talks, he
doesn't care anything about the middle class or the lower class people.
TEXT: Ampad isn't the only company Bain Capital has profited from bankrupting...
TEXT: Bain Profit
Ampad $100 million, bankrupt in 2000. Stage $170 million, bankrupt in 2000. Dade $250 million, bankrupt in 2002.
Johnson: Mitt Romney's philosphy for doing business is to take
over companies just to get some money, then dump the business no matter
what. If that's his approach to American economy, I can't imagine
it being very pretty for the workers. Every person that's on the
lower scale right now wants to work to the middle income, and they'll
work their tail off in this country to do it, and if Mitt Romney's in
charge, I don't know whether they're going to get the opportunity at