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New questions about facts in anti-Romney ad

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    Will the fallout affect Obama campaign?

  • Duration 3:53
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It's -- -- reporting now on our top story for 72 hours we have heard an Obama political action committee and the presidential campaign.

Defended teeny add that seems to tie governor Mitt Romney to a woman's death from cancer.

Critics have called the ad misleading false and despicable self we -- -- on Trace Gallagher to review the events of more than ten years ago.

To learn why some -- checkers are saying this story does not add up you -- with this newsroom and Trace -- here that's.

-- is very important -- when you talk about the story to have the context so here it is under.

Various names GST Steele had -- Kansas City for a 113 years but over the past or its last three decades.

The number of employees dropped dramatically as did profits take a look at this in 1970.

GST Steele had 4500.

Employees by the time it close in 2001 there were 750.

In 1993.

Is when Bain Capital acquired GST.

In 95 -- acquired three other companies and then merged all four.

And many analysts believe with out -- GST would have closed much sooner than it did.

But critics say that Bain Capital came in as a vulture capitalist bleeding the company of money that is in charge the former CEO.

Denied.

On America lot -- The facts are they act Bain was involved in -- investment for.

Over eight years they pumps a 10025.

Million dollars of investment in there.

It ended their thesis was that they could turn around a plant that had been slated for closure.

And and -- actually almost pulled it off.

Until.

The late ninety's and early two thousands when we had a flood of cheap imported steel that really close the door on -- plant.

You heard right the flood.

Of cheap imported steel in fact the US international trade commission says between 1999 and 200331.

Steel companies in the United States shut down the primary reason.

Is because of competition from Asian steel coming into this country.

And by closing GST -- was able to keep three other steel mills open saving thousands of jobs now.

On to -- -- optics claims about his wife.

Play this.

But when -- -- remain closed -- -- lost my health care moon and my family lost their health care then.

Had a short time after that my wife became ill.

Here's the facts in 1999.

Mitt Romney stopped his day to day oversight of -- because he ran the Olympics in Salt Lake City but he was officially the CEO until 2002.

Being shut down GST in 2001.

Joseph stopped ex wife Renee.

Did not lose her health insurance then because she was employed by a thrift store called savers that she had health insurance through.

In 20032.

Years after bay after GST shut down -- injured her rotator cuff and she left her job.

Joe's new job as a janitor or did not cover her.

And in 20065.

Full years.

After GST closed Renee went to the hospital with symptoms of pneumonia and was diagnosed with stage four cancer she died 22 days later and before GST went bankrupt.

Just -- it was offered a buyout by the company.

A buyout that he turned down all facts in this case that prove.

Why many publications have given this.

Four -- Nokia its.

-- man across the board.

You know folks who are not of any particular ideology or party so it's interesting -- both sides are getting in trouble for their ads lately -- thank you very much.

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