Claim: Romney made “over a hundred million dollars” by shutting down a paper products factory in Marion, IN.
Sponsor(s): Priorities USA Action
Air Dates: June 28 -Nov. 6
Total Estimated Spending On This Claim: $10,890,503
States: CO, FL, IA, NV, OH, PA, VA, WI
Markets: Colorado Springs, Denver, Grand Junction, Orlando, Tampa, West Palm Beach, Cedar Rapids, Davenport, Des Moines, Sioux City, Las Vegas, Reno, Cincinnati, Cleveland, Columbus, Dayton, Toledo, Youngstown, Harrisburg, Pittsburgh, Wilkes Barre, Norfolk, Richmond, Roanoke, Washington D.C., Green Bay, La Crosse, Madison, Milwaukee, Wausau, Green Bay
Stations: KKTV, KOAA, KRDO, KXRM, KCNC, KDVR, KMGH, KPXC, KTVD, KUSA, KWGN, WESH, WFTV, WKCF, WKMG, WOFL, WOPX, WRBW, WRDQ, WFLA, WFTS, WMOR, WTOG, WTSP, WTTA, WTVT, WWSB, WXPX, WFLX, WPBF, WPEC, WPTV, WTVX, KCRG, KFXA, KGAN, KWWL, KLJB, KWQC, WHBF, WQAD, KCCI, KCWI, KDSM, WHO, WOI, KCAU, KMEG, KPTH, KTIV, KLAS, KSNV, KTNV, KTUD, KVCW, KVMY, KVVU, KOLO, KRNV, KRXI, KTVN, EKRC, WCPO, WKRC, WLWT, WSTR, WXIX, WBNX, WEWS, WJW, WKYC, WOIO, WUAB, WBNS, WCMH, WSYX, WTTE, WWHO, WBDT, WDTN, WHIO, WKEF, WRGT, WNWO, WTOL, WTVG, WUPW, WFMJ, WKBN, WYTV, WGAL, WHP, WHTM, WLYH, WPMT, KDKA, WPCW, WPGH, WPMY, WPXI, WTAE, WBRE, WNEP, WOLF, WSWB, WYOU, WAVY, WGNT, WTKR, WTVZ, WVBT, WVEC, WRIC, WRLH, WTVR, WUPV, WWBT, EDBJ, WDBJ, WFXR, WSET, WSLS, WWCW, WDCA, WDCW, WJLA, WRC, WTTG, WUSA, WACY, WBAY, WCWF, WFRV, WGBA, WLUK, WEAU, WKBT, WLAX, WXOW, WISC, WKOW, WMSN, WCGV, WDJT, WISN, WITI, WMLW, WTMJ, WVTV, WAOW, WFXS, WSAW
Politifact Summary: Romney was CEO of a private equity firm, Bain Capital. A Bain company called Ampad did buy the Marion paper plant in 1994, while he was on leave running for Senate, and shut it down in 1995…But shutting down the plant didn’t make Romney $100 million. That was the profit made by Bain and its investors, only some of which would have been earned by Romney. And it was earned for the entire Ampad investment – not as a result of closing a single manufacturing site.