When Pat Buchanan was making one of his Republican presidential primary runs, he did a photo op at a closed shoe factory in New England.
In his stump speech, he blamed the closing on China dumping shoes on the market at below cost. Whatever China may have been doing then, he was wrong (and indifference to checkable facts is a form of lying) about what closed the factory.
When reporters looked into the actual facts about the closing, it turned out to be due to a leveraged buy-out, the sort of vulture-capitalist scams that is finally back in the news due to Rmoney's doing the same sorts of deals at Bain. It was profitable but "struggling" (i.e., it wasn't sending enough money skyward as the Wall Streeters thought it should, which by their definition made it "underperforming"
.
The wheeler-dealers made money off fees and stripping assets, while the employees lost their livelihoods.
WhooHoo! Go "successful people! 
Naturally, the follow-up got microscopic attention compared to the initial hot air.
Sorry, don't have links handy: it was print coverage from way back when.
Edit history
Recommendations
0 members have recommended this reply (displayed in chronological order):
= new reply since forum marked as read