By Don Irvine ——Bio and Archives--January 3, 2012
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Schultz: Well, the 2012 election is going to be about the economy and jobs. I think we can agree on that. Most polls show that across the country. Mitt Romney’s history at Bain Capital is not going to help his image as a job creator. Now we want to disclose that NBC Universal and Bain Capital are each a part-owner of The Weather Channel. Bain Capital’s main business model is buying companies, like American Pad and Paper, and restructuring them. In many instances, Bain turned a profit by strip-mining these companies. American—Ampad is what it’s known—the stock was driven down and the company went bankrupt. They fired hundreds of workers along the way. One of the people who lost his job at an Ampad factory in Marion, Indiana was Randy Johnson. He recently told ABC News what it was like to see his fellow Ampad workers trying to find new careers.
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Don Irvine is the chairman of Accuracy in Media and its sister organization Accuracy in Academia. As the son of Reed Irvine, who launched AIM in 1969, he developed an understanding of media bias at an early age, and has been actively involved with AIM for over 30 years.