Romney sets the record straight

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“Its Eaiser to fool people than”

Since: Sep 11

convince them they are a fool

#1 May 22, 2012
Mitt Romney
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Setting The Story Straight
"If the election were based on resume bullet points, the guy would be a shoo-in." - Marcia Vickers, Fortune senior writer, on Mitt Romney(1)
Education
Mitt Romney graduated from Brigham Young University in 1971, where he was top of his class at the College of Humanities.(2)
In 1975, he graduated from Harvard Business School in the top 5% of his class. At the same time, he also graduated from Harvard Law School, cum laude.(3)
Business
Romney worked for 2 years at the Boston Consulting Group, and then got hired by Bain Consulting in 1977 where he became a vice president in 1978. He had success working with companies like Outboard Marine Corp., Burlington Industries, Monsanto, and Corning. In 1984, Romney started the venture capital firm Bain Capital, LLC.(4),(5)
At Bain Capital, Romney helped start new companies and turned around failing ones. He was behind the start up of Staples. Starting with one store in 1986, Staples now is the world's largest office products company with $24 billion in sales in 2009.(4),(6) He also helped companies such as Sealy, Brookstone, The Sports Authority, and Domino's.(4)
Michael Rees, writer for "The Journal of the American Enterprise Institute", observed the following about Romney's business success,
"During the 14 years Romney headed Bain Capital, the firm's average annual internal rate of return on realized investments was a staggering 113 percent. At that growth rate, a hypothetical $1,000 investment would grow to $39.6 million before fees. Few, if any, VC firms have ever matched Bain Capital's performance under Mitt Romney."(4)
In 1991, Romney went back to Bain & Company as the C.E.O. to rescue the failing company. He convinced all partners to give him unilateral authority and restructured the company with an emphasis on transparency while maintaining focus on clients. After a year, the company returned to profitability and Romney returned to Bain Capital.(4),(7)
Saving the 2002 Salt Lake Olympics
In late 1998, the 2002 Winter Olympics in Salt Lake City was rocked by a bribery scandal that threatened the Games. The top two officials in the Salt Lake Organizing Committee had to resign. The games were facing a $379 million deficit because sponsors were pulling out. Because they were short on money and many venues hadn't been built yet, politicians, business leaders and International Olympic Committee officials were suggesting the games be cancelled or moved to another location.(8),(9),(10),(11)
Because of his record for turning around businesses in the past, Romney was asked to take over the failing Olympics; he became the CEO for the 2002 Winter Olympic Games in February of 1999.(11)
Romney immediately got down to business. He refused his salary and donated $1 million of his own money to the cause. He then streamlined the games by cutting costs and eliminating waste like fancy perks. Romney also brought in $180 million in revenue from new sponsors and broke the record for raising private money for an Olympics - winter or summer.(11),(12)
In the end, the Olympics were a huge success and the games actually turned a $100 million profit. Mitt Romney indeed saved the 2002 Winter Olympic Games.(13)
Governor of Massachusetts
Romney became governor of Massachusetts in January of 2003, facing an immediate budget crisis. The state had an immediate $650 million shortfall and was facing a projected deficit of $3 billion the following fiscal year.(14)
Romney came in and got right to work. He cut spending and eliminated waste in government by cutting out duplication and inefficiencies. In one case he consolidated 15 human service agencies. Romney also cut the number of state employees. He raised fees but did not raise taxes and balanced the budget every year.(14)
continued

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“Its Eaiser to fool people than”

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convince them they are a fool

#2 May 22, 2012
The unemployment rate in Massachusetts also fell from 6.3% when he took office in January of 2003 to 4.6% by June of 2007, the end of Romney's last fiscal year.(15)

Romney also passed healthcare reform covering nearly everybody in the state without raising taxes and using private sector insurance.(14)

(1) "The Republicans' Mr. Fix-it", Fortune Magazine 6/27/2007. Article can be found here.

(2) "Romney, Searching and Earnest, Set His Path in '60s", The New York Times 11/15/2007. Article can be found here.

(3) "Romney: Mr. Fix-It for America", The Harvard Crimson 1/07/2008. Article can be found here.

(4) "Mister PowerPoint Goes to Washington", The Journal of the American Enterprise Institute 12/01/2006. Article can be found here.

(5) "Romney Gains Momentum as He Keeps On Running", The Harvard Crimson 10/21/1994. Article can be found here.

(6) Staples' website here.

(7) "Bain Names Chief Executive And Begins a Reorganization", The New York Times 1/30/1991. Article can be found here.

(8) "In Olympics Success, Romney Found New Edge", The New York Times 9/19/2007. Article can be found here.

(9) "Officials Deny Salt Lake Could Lose 2002 Olympics" The Bryan Times 1/12/1999. Article can be found here.

(10) "2 Officials Quit in Salt Lake City As Olympic Scandal Details Grow", The New York Times 1/09/1999. Article can be found here.

(11) "The Fire Within", BYU Magazine Winter 2002. Article can be found here.

(12) "The Man in Charge; Romney's Future After Salt Lake a Guessing Game", The New York Times 2/12/2002. Article can be found here.

(13) "SLOC plotting how to dole out Olympics profits", ESPN.com 9/17/2002. Article can be found here.

(14) "Romney took on 'outsider role' at helm of Bay State", Deseret Morning News 7/06/2007. Article can be found here.

(15) U.S. Bureau of Labor Statistics.

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“Its Eaiser to fool people than”

Since: Sep 11

convince them they are a fool

#3 May 22, 2012
I think I smell a mouse with his head on fire..

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Since: Feb 12

Aurora, CO

#4 May 22, 2012
Stolen with out credit from a "Donation site for Romney" Pathetic and FULL of LIES and outright TRASH

TRUTH....

In early 2004, a year into Romney’s term, Massachusetts began losing jobs. Massachusetts managed to add a mere 100,000 jobs by the end of Romneys tenure as Governor in 2007. By mid-2008 the number of jobs began falling again.

Massachusetts lost manufacturing jobs for more than a decade. And Romney was unable to stem the tide. At the end of 2002, just before he entered office, there were 338,000 manufacturing jobs in the state. By the time he left, there were 298,000, a drop of 12 percent, according to state and federal data.

www.massresistance.org

Since: Feb 12

Aurora, CO

#5 May 22, 2012
TRUTH......

Bain Capital is a classic “strip and flip” shop — a private equity firm that made its money buying businesses and sucking profit out of them by any means possible that often resulted in a stack of pink slips for everyday Americans. As the New York Post reported, during his 15 years as head of Bain, Romney “made fortunes by bankrupting five profitable businesses that ended up firing thousands of workers.”

Here’s how it often went down. Romney’s Bain would buy a company and increase its short-term earnings through firing workers and shuttering plants in order to borrow enormous amounts of money. The borrowed money was used to pay Bain dividends, however, those businesses needed to maintain that high level of earnings to pay their debts. When they couldn’t, that meant plant closures, more layoffs, bankruptcies, and in many cases, the end of the business. Yet these bankruptcies still meant huge profits for Bain’s investors. Furthermore, Bain continued to collect management fees even as companies failed.

http://www.romneygekko.com/mitt/

“Its Eaiser to fool people than”

Since: Sep 11

convince them they are a fool

#6 May 22, 2012
Yea..Id listen to a site about Romney called Mass-resistance ..LMAOFF..Now we're talking..Make us laugh Karl....Ill stick with Romneys own site for information about him..Im thinking its going to be a lot more accurate and honest..Then Mass resistance ,,,LOL..

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#7 May 22, 2012
Try sticking with the TRUTH Sniper....Why do you think Rmoney has been running for president for 7 years and NEVER won? For Gods sake McCain beat him in 2008 in the primary and his campaign was a miserable Flop!

Since: Feb 12

Aurora, CO

#8 May 22, 2012
Sniper II wrote:
Yea..Id listen to a site about Romney called Mass-resistance ..LMAOFF..Now we're talking..Make us laugh Karl....Ill stick with Romneys own site for information about him..Im thinking its going to be a lot more accurate and honest..Then Mass resistance ,,,LOL..
"If that's what I said, I stand by it, whatever it was I said"

Mitt Romney..... May 2012

The man is a LIAR flippy Flopper from the word go and has ZERO Credibility!

Since: Feb 12

Aurora, CO

#9 May 22, 2012
Sniper II wrote:
Yea..Id listen to a site about Romney called Mass-resistance ..LMAOFF..Now we're talking..Make us laugh Karl....Ill stick with Romneys own site for information about him..Im thinking its going to be a lot more accurate and honest..Then Mass resistance ,,,LOL..
Yea' and if I want people to give money and I was a terrible FLOP do you think I would tell them the TRUTH??? You are either incredibly gullible or completely stupid or both...My money is on BOTH

Since: Feb 12

Aurora, CO

#10 May 22, 2012
Sniper II wrote:
Yea..Id listen to a site about Romney called Mass-resistance ..LMAOFF..Now we're talking..Make us laugh Karl....Ill stick with Romneys own site for information about him..Im thinking its going to be a lot more accurate and honest..Then Mass resistance ,,,LOL..
LOOK at the State and Federal data...The site was just reporting dipschit!

“Its Eaiser to fool people than”

Since: Sep 11

convince them they are a fool

#11 May 22, 2012
Any comments on the article Karl ? I thought not..

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#12 May 22, 2012
TRUTH....

From 1984 until 1999, Romney led Bain Capital, a Boston-based private equity group that earned jaw-dropping profits through leveraged buyouts, debt hedge funds, offshore tax havens and other unscrupulous financial strategies. In many cases, Romney’s team closed U.S. factories, causing thousands of layoffs, and pocketed huge fees shortly before companies collapsed.

www.realromneyrecord.com

“Its Eaiser to fool people than”

Since: Sep 11

convince them they are a fool

#13 May 22, 2012
karlVII wrote:
TRUTH....
From 1984 until 1999, Romney led Bain Capital, a Boston-based private equity group that earned jaw-dropping profits through leveraged buyouts, debt hedge funds, offshore tax havens and other unscrupulous financial strategies. In many cases, Romney’s team closed U.S. factories, causing thousands of layoffs, and pocketed huge fees shortly before companies collapsed.
www.realromneyrecord.com
Keep trying little karltard..Ive got company coming over so Ill have to chat with you later..Youll need to do better than that..Just read the article and go to the recommended article and read for your self..

"Truth , justice and the American way"....
Who used to say that Karl...? In the 60s ?? Same era as "wait a cotton pickin minute" from the cartoons..

Any guesses ?? Ill tell you when I get back later..

"Peace out yo"....

I learned that today..A brutha showed me..

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#14 May 22, 2012
TRUTH....

Massachusetts under Romney ranked 47th in job creation; by 2006 Massachusetts had 16,000 less jobs than in 2002. Job growth in New York was three times faster; in California jobs growth was 5 times faster; and jobs growth in North Carolina was 8 times faster than in Massachusetts during Romney's tenure. See Wall Street journal article at: http://articles.marketwatch.com/2010-02-23/co... .

The people of Massachusetts hired Mitt Romney to do for them what Romney now says he will do for the America--create jobs and economic growth. Romney failed and would have been fired by the voters had he run for re-election.

aboutmittromney.com/economic.htm

Since: Feb 12

Aurora, CO

#15 May 22, 2012
Sniper II wrote:
Any comments on the article Karl ? I thought not..
I gave you TRUTH the TRUTH is better than comments. I did give one comment your copy of Romneys campaign LIES are a joke!

“Common Sense over Politics”

Since: Feb 09

Call me Cal.

#16 May 22, 2012
Mittens bankrupted a company and ran away.
Hussein Obama has bankrupted a country. Now he should run away.

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“The (R)ich Party Lies!”

Since: Jan 10

Location hidden

#17 May 28, 2012
Joseph L wrote:
Mittens bankrupted a company and ran away.
Hussein Obama has bankrupted a country. Now he should run away.
Your half right. Our Country was deep in debt long before President Obama came alone.

Since: Nov 11

on the other hand

#18 May 28, 2012
District9 wrote:
<quoted text>
Your half right. Our Country was deep in debt long before President Obama came alone.
Yes we know that, Most of us were here at the time..Old news.And he saw it as an opportunity to take America down further. Is that what you are saying ? Or its all part of his plans for Americans prosperity ? Which is it ?

“The (R)ich Party Lies!”

Since: Jan 10

Location hidden

#24 May 28, 2012
Devils- Advocate wrote:
<quoted text>Yes we know that, Most of us were here at the time..Old news.And he saw it as an opportunity to take America down further. Is that what you are saying ? Or its all part of his plans for Americans prosperity ? Which is it ?
What would Obama gain from destroying America as the right wingers claim? There has to be some sort of gain, lets hear it..lol.

Since: Feb 12

Aurora, CO

#26 May 28, 2012
dennis rader wrote:
karl is a coon. He needs to be picking cotton.
Thanks Dennis now everyone see's how stupid you really are. You did everyone a huge favor and thanks again.

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