对于GS T Steel，奥巴马竞选团队这样写道：
堪萨斯城的GST Steel曾是一家成功的公司，米特•罗姆尼和其合伙人在1993年取得这家公司控制权的时候，该公司已有103年的钢条制造史。他们压缩产品线，不断从GST Steel抽取利润，令公司负债累累。当公司最终宣布破产时，工人无法获得全额养老金和医疗保险，联邦政府只能介入为其养老基金提供救助。
基本正确——虽然由于预算紧张，GS Steel事实上早就在压缩产品线了——除了省略不语的部分：GST Steel倒闭时米特•罗姆尼已经离开了贝恩。这似乎是一个相当显著的事实。
As for GS T Steel, the campaign writes:
Kansas City's GST Steel was a successful company that had been making steel rods for 103 years when Mitt Romney and his partners took control in 1993. They cut corners and extracted profit from the business at every turn, placing it deeply in debt. When the company eventually declared bankruptcy, workers were denied their full pensions and health insurance, and the federal government was forced to step in and bail out the pension fund.
All mostly true -- although GS Steel had already cut down its product line due to budget constraints -- except for what is omitted: Mitt Romney was no longer at Bain when GST Steel bust. Would seem to be a fairly salient fact.
On the other hand, Romney's campaign today recycled its candidate's absurd claim that while he made the GST investment, he didn't actually run the company. If you own the company, which Bain did, you're in charge (including of picking managers). There is no such thing as an arm's-length leveraged buyouts.
Finally, there is Stage Stores. From RomneyEconomy.com:
In the late 1980s, Mitt Romney and his partners bought up hundreds of successful small clothing stores and combined them to form Stage Stores. Romney and his team loaded up the company with debt, and then, when the company was at its height, sold nearly all their shares at an enormous profit. In less than three years, the stock had collapsed and Stage was forced to declare bankruptcy.
All true, but I don't quite see what Romney and Bain are being accused of here. The Obama campaign acknowledges that Bain had been out of Stage Stores for nearly three years when it went bankrupt. Bain may have heaped debt on the company, but institutional investors knew that when they bought the company's shares from Bain -- and apparently thought it was a solvent bet. Unless there is some claim of fraud (i.e., Bain somehow hiding the debt), then Stage's bankruptcy is hard to pin on Romney and Bain.
Moreover, if Bain is going to be blamed for what happened after selling its stake, should it also get credit for the current thriving businesses of both Dade (now owned by Siemens) and Stage Stores (SSI)? Or can Romney claim credit for all those Staples (SPLS) jobs created long after he and Bain were involved with the company?
As a broader point, it's interesting that the Stephanie Cutter went out of her way to say that no one "is questioning private equity as a whole." Kind of mirroring a similar message from campaign boss Jim Messina said back in February. But it's not really true, is it?
Bain is being accused here of taking actions that are commonplace in private equity. So if it's "legitimate to question whether those are the values America needs in a president," then it's apparently legitimate to question whether private equity is consistent with American values. Pretty sure that's a broad brush masquerading as a razor blade.
I've reached out to Obama spokespeople, and will update this post if they reply. Romney's team already has issued a couple pages of talking points, but most of it is simply attacking Obama for the Solyndra loans (proving that both sides can make silly arguments).