"Ampad, an ultimately bankrupt company backed by Bain ...laid off all 250 workers at an Indiana factory it purchased in 1994 and added debt to its rolls for years after.
The company went into bankruptcy in 2000, holding a debt load of more than $400 million. Bain's return on its $5 million investment was $100 million.
Out of a debt load of $170 million owed to unsecured creditors, Ampad ended up paying out less than $330,000, the filings show.
That amounts to two-tenths of a cent for every dollar owed in that case."
There's more at the link as well as here, at Daily Kos, which helpfully makes the following point:
"Mitt Romney's Bain Capital took $20 profit for every dollar invested in Ampad. Creditors got $0.002."
If Obama and the Democrats do not make this THE central issue of this campaign, they are total failures as politicians. Here, written small, and twenty years early, is the exact recipe for what caused the collapse of the American economy under the leadership of the last Republican president. Mitt Romney is a poster child for the savaging of our economy by the hyper-rich, and it takes one hell of a lot of nerve for the Republicans to foist him, of all people, off on us as the solution to our problems.
If the Democrats can't make this simple fact clear, we are all doomed.
Update: I want to offer you the following comment, from Buzzfeed:
"...according to a 2002 interview with former managing director of Bain Capital Marc Wolpow, Romney was directly responsible for Ampad’s layoffs...Wolpow said Romney was responsible for the business plan carried out by Bain in Indiana.”Mitt's employees executed that transaction,” he said. “We carried out the business plan. He was CEO of the firm.”
I am reprinting this because the current tactic which Republicans seem to be trying on is to claim that Romney was on a "leave of absence" or no longer active in the firm of which he was still President, whenever anything bad took place. Given the squealing from the right whenever anyone brings up Bain Capital, the Republicans know perfectly well that Romney's career there reveals him to be a rapacious, sociopathic parasite, and they sure as hell don't want anyone looking into it.