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Mitt Romney

"There have been too many left behind. Our schools aren't solid enough; our environment has not been cleaned the way it could be. Our streets are not as safe as they could be. All these things could be made better in my view with the application of new leadership and sound management principles." - Mitt Romney

Statistics -

CAMPAIGN SLOGAN: "True Strength for America's Future."
FULL NAME: Willard Mitt Romney
DATE OF BIRTH: March 12, 1947
AGE: 60
SPOUSE: Ann Davies
CHILDREN: Tagg, Matt, Josh, Ben, and Craig
PETS: None
RELIGION: Mormon/Church of Jesus Christ of Latter-Day Saints
PROFESSION: Businessman
FAVORITE BOOK/LAST READ: Term Limits, Battlefield Earth, Bible
FAVORITE FOOD TO COOK/EAT: Hotdogs, Meat Loaf Cakes
TALENTS: Singing
WORST HABIT: Fidgeting
LAST MUSIC PURCHASE: Roy Orbison songs from iTunes

QUICK FACTWhen the 2002 Salt Lake City Olympic Games were $379M short of revenue projections, Mitt was hired to head the Organizing Committee and streamline operations. He revamped the leadership and policies, reduced budgets, boosted fundraising, and ensured the safety of the Games (following the terrorist attacks of September 11, 2001) with a $300M security budget. The Games made a profit of $100M, and Mitt contributed $1M to the Olympics while donating his $825,000 salary to charity. 


Biography -

Willard Mitt Romney was the 70th Governor of the Commonwealth of Massachusetts. Elected in 2002, Romney served one term, which ended January 4, 2007. Romney is a former CEO of Bain & Company, a management consulting firm, and the co-founder of Bain Capital, a private equity investment firm. Prior to Bain, he worked for The Boston Consulting Group. Romney also served as president and CEO of the 2002 Olympic Winter Games held in Salt Lake City.

Romney was born in Detroit, Michigan. He is the son of Mexican-born Michigan Governor, Housing and Urban Development Secretary, American Motors chairman, and presidential candidate George W. Romney and 1970 U.S. Senate candidate Lenore Romney. Romney has three siblings: Lynn, Jane, and G. Scott. He was named after hotel magnate J. Willard Marriott, his father's best friend, and Milton "Mitt" Romney, a relative who played football for the Chicago Bears. Mitt Romney graduated from the Cranbrook School in Bloomfield Hills. He met his future wife, Ann Davies, when she was at the Kingswood School. The couple was married in 1969 and have five sons. After attending Stanford University for two quarters, Romney served in France for 30 months as an LDS missionary. Upon returning from France he transferred to Brigham Young University, where he was valedictorian, earning his B.A. summa cum laude in 1971. In 1975, Romney graduated from a joint JD/MBA program coordinated between Harvard Law School and Harvard Business School. He graduated cum laude from the law school and was named a Baker Scholar for graduating in the top five percent of his business school class.

After graduating from Harvard, Romney went to work for the Boston Consulting Group, where he had interned during the summer of 1974. From 1978 to 1984, Romney was a vice president of Bain & Company, Inc., another Boston-based management consulting firm. In 1984, Romney left the company to co-found Bain Capital, which quickly became a highly successful private equity investment firm. In 1990, Romney was asked to return to Bain & Company, which was facing financial collapse. As CEO, Romney managed an effort to restructure the firm's employee stock-ownership plan, real-estate deals and bank loans, while increasing fiscal transparency. Within a year, he had led Bain & Company through a highly successful turnaround and returned the firm to profitability without layoffs or partner defections. Following his year at Bain & Company, Romney returned to Bain Capital. During the 14 years he headed the company, Bain Capital's average annual internal rate of return on realized investments was 113 percent. During Romney's tenure, the firm founded, acquired or invested in hundreds of companies including Staples, Bright Horizons Family Solutions, Brookstone, Domino's, Sealy Corporation and The Sports Authority. Romney now refers to Bain as a venture capital firm, but its main business is conducting leveraged buyouts. It became one of the top five private equity firms in the nation. 

Romney left Bain Capital in 1998 to head the 2002 Salt Lake City Olympic Games Organizing Committee. In 1999, the event was running $379 million short of its revenue benchmarks. Plans were being made to scale back the games in order to compensate for the fiscal crisis. The Games were also damaged by allegations of bribery involving top officials, including then Salt Lake Olympic Committee (SLOC) President and CEO Frank Joklik. Joklik and SLOC vice president Dave Johnson were forced to resign. Romney was then hired as the new president and CEO of the Salt Lake Organizing Committee. Romney revamped the organization's leadership and policies, reduced budgets and boosted fundraising. He also worked to ensure the safety of the Games following the terrorist attacks of September 11, 2001 by coordinating a $300 million security budget. Despite the initial fiscal shortfall, the Games ended up clearing a profit of $100 million. Following the conclusion of the Games, President George W. Bush praised Romney's management. Romney contributed $1 million to the Olympics, and donated the $825,000 ($275,000 per annum) salary he earned as President and CEO to charity. He wrote a book about his experience called Turnaround (ISBN 978-1-59698-514-8).

In 1994, Romney won the Massachusetts Republican Party's nomination for U.S. Senate. Some early polls showed Romney close to Senator Ted Kennedy, with one Boston Herald/WCVB-TV poll taken after the September 20, 1994 primary showing Romney ahead 44 percent to 42 percent, within the poll's sampling margin of error. Romney touted his business credentials and his record at creating jobs within his company, but Kennedy won the election with 58 percent of the vote to Romney's 41 percent. The 17-percentage point winning margin was the smallest in Kennedy's nine election contests for the Senate through 2006. In 2002, Prominent GOP activists campaigned to persuade Romney to run for governor. During the general election Romney ran on a reform platform; a major issue in the election was the state budget crisis. Supporters of Romney hailed his business record, especially his success with the 2002 Olympics, as that of one who would be able to bring in a new era of efficiency into Massachusetts politics. Romney was elected Governor in November 2002 with 50 percent of the vote over the Democratic candidate.

Romney was sworn in as the 70th governor of Massachusetts on January 2, 2003, along with Lieutenant Governor Kerry Healey. During his first year in office, Massachusetts' projected 3 billion dollar budget deficit was converted into a real deficit of $1.2 billion, with the help of an unexpected $1.3 billion capital gains tax windfall and $500 million in unanticipated federal grants. During this time he did not raise the State's debt, but closed "loopholes" in the corporate tax structure and substantially raised fees for court filings, professional registrations, firearm licenses and other various types of fees by $500 million. In addition, $277 million was cut from the state's local education aid budget, and $130 million was cut from the higher education budget, placing a higher tax burden on towns and counties. Romney also signed into law the largest tax increase in Massachusetts History in the form of an "Individual Mandate" to purchase health insurance with premiums to be decided by a state committee and assessed according to age and income. The health insurance law was scheduled to go into effect after he left office. He ended his term with a 1 billion dollar surplus, lower taxes and a lower unemployment rate.


Platform Issues -

Defeating the Jihadists:

The defeat of this radical and violent faction of Islam must be achieved through a combination of American resolve, international effort, and the rejection of violence by moderate, modern, mainstream Muslims. An effective strategy will involve both military and diplomatic actions to support modern Muslim nations. America must help lead a broad-based international coalition that promotes secular education, modern financial and economic policies, international trade, and human rights.


Competing with Asia:

China and the rest of Asia are on the move economically and technologically. They are a family oriented, educated, hard-working, and mercantile people. We must be ready and able to compete. This means ensuring our children are educated to compete in this new market, our trade laws are fair and balanced, and our economy and tax laws welcome new investment. If America acts boldly and swiftly, the emergence of Asia will be an opportunity. Trade and commerce with these huge new economies can further strengthen our economy and propel our growth. If America fails to act, we will be eclipsed.



America's tax code is a labyrinth that imposes an enormous and unnecessary burden on our citizens and employers. Keeping taxes low and simplifying the code will grow the economy and enhance our competitiveness.



The Federal government must stop its borrowing and spending binge. The debt is a burden on our economy, our currency, our foreign policy, and our future. This is beyond pork barrel spending. We must address entitlement programs - not just to save money - but to give Americans confidence in their future.



Immigration has been an important part of our nation's success. The current system, however, puts up a concrete wall to the best and brightest, yet those without skill or education are able to walk across the border. We must reform the current immigration laws so we can secure our borders, implement a mandatory biometrically enabled, tamper proof documentation and employment verification system, and increase legal immigration into America.



We must become independent from foreign sources of oil. This will mean a combination of efforts related to conservation and efficiency measures, developing alternative sources of energy like biodiesel, ethanol, nuclear, and coal gasification, and finding more domestic sources of oil such as in ANWR or the Outer Continental Shelf (OCS).


America's Culture and Values:

American values are at the heart of America's historic rise to world leadership. These include, among others, respect for hard work, sacrifice, civility, love of family, respect for life, education and love of freedom. To remain a superpower in the world we must continuously and vigorously reaffirm these key components that have led to America's greatness as a country.



Our national investment in technology comes from both the private and public sector. However, corporations today spend more on tort liability than they do on R&D. While the government already invests heavily in defense, space and health technologies, it is time to invest substantially in technologies related to power generation, nanotechnology, and materials science.


Health Care:

The health of our nation can be improved by extending health insurance to all Americans, not through a government program or new taxes, but through market reforms.



Today's schools are falling further and further behind world standards. It is time to raise the bar on education by making teaching a true profession, measuring progress, providing a focus on math and science, and involving parents from the beginning of a child's school career.



Voting Record -

For Romney's Voting Record on issues such as Abortion, Civil Rights, Environment, Gun Control, Immigration, and more, please see:



"I believe the strength of America lies in the strength of her people.  I am running for President because I want to help keep America strong.  That means a strong military, strong economy, and strong families.  We are facing many challenges, but America has always overcome these challenges in the past, and I am confident that we can do so again."

"Our future depends on our willingness to hold to the principles that have guided and built our nation. It depends on the character and sacrifices of the American people. And it depends on leadership to craft and implement a Strategy for a Stronger America."

"In the previous global wars, there were many ways to lose, and victory was far from guaranteed. In the current conflict, there is only one way to lose, and that is if we as a civilization decide not to lift a finger to defend ourselves, our values, and our way of life."

"The Iranian regime threatens not only Israel, but also every other nation in the region, and ultimately the world. And that threat would take on an entirely new dimension if Iran were allowed to become a nuclear power. And just think of the signal a nuclear Iran would send to other rogue regimes with nuclear ambitions – this could be a tipping point in the development and proliferation of nuclear regimes. . . It is time for the world to plainly speak three truths: One, Iran must be stopped. Two, Iran can be stopped. And three, Iran will be stopped."

"I said no to a tax hike; raising taxes hurts working people and scares away jobs. I also said no to more borrowing; borrowing just shifts our problems to the backs of our kids . . . Instead, I went after waste, inefficiency, duplication, and patronage."

"We need to make America more attractive for legal immigrants -- for citizens -- and less attractive for illegal immigrants. I want to see more immigration in our country, but more legal immigration and less illegal immigration."

"We're using too much oil. We have an answer. We can use alternative sources of energy -- biodiesel, ethanol, nuclear power -- and we can drill for more oil here. We can be more energy independent and we can be far more efficient in the use of that energy."

"America cannot continue to lead the family of nations around the world if we suffer the collapse of the family here at home."

"What is the culture of this country, what are our underpinnings? We respect hard work ... We are self reliant, we respect human life, we are a religious people... We are a purpose-driven people founded on the family unit. I think every child deserves to have a mother and a father."

"We can't have as a nation 40 million people -- or, in my state, half a million -- saying, 'I don't have insurance, and if I get sick, I want someone else to pay."

"It's going to take teachers, superintendents and parents talking to their legislators saying yes, we want more money of course ... but we also want changes in the way our schools are managed. We want our principals to have the ability to manage their schools."


We thank the following resources:

Mitt Romney Official Website
USA Today
Project Vote Smart
On the Issues



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