Excerpts released by Mitt Romney’s campaign tonight hint at what the presidential candidate might say during his jobs plan unveiling next week, which is slated to be held Tuesday afternoon at a North Las Vegas trucking company.
Romney is scheduled to speak Friday to the Republican National Hispanic Assembly in Tampa, Fla., in a speech that he will use to leak details from what he refers to as his “bold,” “sweeping,” and “detailed” jobs plan that will help turnaround the country’s struggling economy.
“I will make business taxes competitive with other nations, eliminate burdensome regulations and bureaucracy, and support America’s workers instead of its union bosses,” Romney writes in Friday’s speech. “I will promote the exploration of our own natural resources, which will create countless jobs.”
Romney will vow to make sure “America’s workforce is prepared for the modern economy,” and says he will “cut federal spending, cap it at 20% or less of the GDP and finally, finally balance our budget.”
“I will insist that Washington learns to respect the Constitution, including the 10th Amendment. We will return responsibility and authority to the states for dozens of government programs – and that begins with a complete repeal of Obamacare,” writes Romney.
The former Massachusetts Governor will also promise to “vigorously advance our trade interests around the world…ratifying pending agreements with allies like Colombia and Panama to create jobs right here in Florida and across America.”
Mitt Romney speaks before a crowd at a mostly-empty shopping center in Los Angeles, CA. July 20, 2011 (Photo by Reed Saxon / AP)
With the desolate, shuttered stores of the Valley Plaza Shopping Center (N. Hollywood) in the background, Mitt Romney held a press conference today in Los Angeles, CA. He highlighted Obama’s audacity of indifference regarding the economy and California’s 11.7% unemployment rate. The event was livestreamed by Politico.
President Obama, During An April Visit To Los Angeles: “We Have Made Extraordinary Progress Over The Last Two And A Half Years…
We can go down the list. But we also know we’ve still got a lot more work to do. We’ve just started, and we’ve got a lot more work to do.”
“I Don’t Want You To Lose Sight Of How Much We’ve Gotten Done. What We’ve Done Here Has Been Historic, And We’re Only A Quarter Of The Way Through.” (President Barack Obama, Remarks in Los Angeles, CA, 4/22/11)
Then-Senator Obama In September 2008, When The Most Recent Jobless Rate In California Was 7.5%: “We Can’t Afford Four More Years Of This So-Called ‘Progress.’” OBAMA: “We have the highest unemployment rate in five years. Home values have plummeted. It’s harder to save and it’s harder to retire. Those are the day-to-day challenges that people have. We can’t afford four more years of this so-called ‘progress.’” (Sen. Barack Obama, Remarks In Dover, NH, 9/12/08)
Few Places In America Are More “Stressed Out” Than California, A State Suffering From Rampant Unemployment And A Struggling Economy:
• California’s 11.7% Unemployment Rate Is Second-Highest In The Nation And Is One-Fifth Higher Than When President Obama Took Office. In January 2009, the unemployment rate in California was 9.7%. The rate had increased to 11.7% by May 2011, an increase of 20% from January 2009 levels. (Bureau of Labor Statistics, www.bls.gov, 7/19/11)
• The Number Of Unemployed Californians Has Increased By 20% Since President Obama Took Office. Over 350,000 more Californians are unemployed today than in January 2009. Currently, more than 2.1 million Californians are out of a job. (Bureau of Labor Statistics, www.bls.gov, 7/19/11)
• Under President Obama, California’s Labor Force Has Fallen By More Than 200,000 And The State Has Lost Half A Million Payroll Jobs. California’s labor force has contracted by an estimated 225,000 workers since January 2009. Over the same timeframe, the state has shed an estimated 497,100 nonfarm payroll jobs. (Bureau of Labor Statistics, www.bls.gov, 7/19/11)
• California Ranked 48th In The Country In Personal Income Growth In The First Quarter Of 2011. (Bureau of Economic Analysis, www.bea.gov, 6/22/11)
• Retail Gas Prices In California Are Roughly 80% Higher Than When President Obama Took Office. The average retail price per gallon for all grades/formulations in California was $3.826 for the week of July 11, 2011. For the week of January 19, 2009, the average price in California was $2.11. (Energy Information Administration, www.eia.gov, 7/19/11)
Charles Krauthammer points out in his latest article, ‘Stewardship? Or ideology?‘ in the Washington Post, that the landscape has changed since 2010 when it was a referendum on ‘Ideology’ that drove Republicans to victory. He feels that won’t work in 2012, especially when trying to win in a general election and the issue will be the economy. He goes on to say:
Suddenly, the election theme has changed. The Republican line in 2010 was: He’s a leftist. Now it is: He’s a failure. The issue is shifting from ideology to stewardship.
As in 1992, it’s the economy, with everything else a distant second. The economic numbers explain why Obama’s job approval has fallen, why the bin Laden bump disappeared so quickly, and why Mitt Romney is running even with the president. Romney is the candidate least able to carry the ideological attack against Obama — Exhibit A of Obama’s hyper-liberalism is Obamacare, and Romney cannot rid himself of the similar plan he gave Massachusetts. But when it comes to being solid on economics, competent in business and highly experienced in governance, Romney is the prohibitive front-runner.
If anyone is wondering about Gov. Romney positions (since soundbytes usually don’t tell the whole story), remember you can check out the research we’ve done on the issues. Not everyone has time to read Mitt’s book No Apology, but if you do, I highly recommend it. After seeing the amount of detail Gov. Romney puts into his answers, you’ll wonder how so many people get so much about Gov. Romney wrong.
Gov. Romney Confirms His Participation in the June 13th, New Hampshire Presidential Debate!
Minnesota Rep. Michele Bachmann, businessman Herman Cain, former House Speaker Newt Gingrich, Texas Rep. Ron Paul, former Minnesota Gov. Tim Pawlenty, former Massachusetts Gov. Mitt Romney and former Pennsylvania Sen. Rick Santorum will participate in the June 13 debate on the campus of St. Anselm College.
Giuliani, Palin, and Huntsman all declined invitations to the debate. The debate will air live from 8 p.m. to 10 p.m. ET in New Hampshire and you can bet we’ll be watching the debate live and chatting here at MRC.
Ann Romney joins her husband, Governor Mitt Romney, after he announces his presidential candidacy at Scamman Farm in Stratham, NH. 6/2/11
Capping off Mitt Romney’s busy and successful presidential announcement today, The Gov sat down for a one-on-one interview with FOX News’ Sean Hannity.
Afterward, the discussion among Hannity’s Great American Panel – Robert Ehrlich (former governor of Maryland), Nina Easton (Washington Bureau Chief/Fortune Magazine and FOX News contributor), Jim Norton (comedian and author) and Hannity himself agreed this was a very solid interview with Governor Romney – one of his best. Hannity and Ehrlich also gave high marks to The Gov for his answers regarding Massachusetts’ health insurance.
Ankeny, Ia. – President Obama’s administration has added to business uncertainty and delayed economic recovery, Mitt Romney told agriculture business owners this morning.
“That’s one of my pet peeves of the current administration,” Romney said. “They’ve added so much uncertainty to the overall economy at the very time that businesses need to have greater certainty so that it can get capital, make loans, carry on its business, higher people, raise incomes.
He continued: “That’s one of the reasons that I view this downturn has taken such a long time from which to recover.”
Romney also did a walk-and-talk event today before being the kick-off speaker at the Greater Des Moines Partnership’s Presidential Forum Speaker Series. The event was held in the State Historical Building in Des Moines, Iowa and was sponsored by the Greater Des Moines Partnership, Mediacom and IowaPolitics.com. CNN also provided livestream coverage.
Romney was delivering an excellent no-teleprompter, no-note speech about Obama’s lack of private sector experience and over-reaching policies i.e. Card Check, Cap ‘n Trade, Obamacare, debt spending, depressed economy, struggling home market, and more. Then, this happened:
After a fire alarm sounded 27 minutes into Mitt Romney’s speech, he decided to cut off the event for safety reasons.
“Uh-oh, they want to get us out of here, don’t they,” he said.
When the alarm paused, he continued speaking, tossing out some jokes. “I wasn’t trying to get out of tough questions,” he said with a laugh.
But the alarm resumed and, citing safety first, he asked everyone to evacuate.
Romney stood just outside the doors in the covered passenger dropoff driveway, talking to Iowans amid a pack of reporters until a state cultural affairs official ordered everyone to cross the street.
“There are things in this building that could blow up,” said the official, Maureen Korte, director of special projects and programming for the State Historical Society of Iowa, as she urgently hustled people away from the building.
The fire department arrived within minutes.
Just as Romney climbed into a waiting Chevy Suburban, Korte yelled, “All clear!”
Good thing The Gov is such a good sport! Being the first speaker for the Greater Des Moines Partnership’s Presidential Forum, he helped them work out the kinks – like keeping inattentive popcorn aficianados away from the microwave…
UPDATE 3: Don’t miss seeing a terrific photo gallery of The Gov’s visit to Iowa, including one of him gathered with folks in front of the fire truck and two photos of his handshake with Iowa Governor Robert Ray (you know good things were said between the two because the second photo reveals a ‘double clasp’ from Mitt…). Click here.
The number of voters nationwide who give President Obama good or excellent marks for his handling of economic issues has fallen to a new low.
A new Rasmussen Reports national telephone survey of Likely Voters show that just 31% rate Obama’s handling of economic issues as good or excellent.
Related to the economy, I came across this depressing map called The Decline: The Geography of Recession. It was last updated on January 12, 2011 with labor statics taken from the U.S. Department of Labor. It shows the deteriorating transformation of the U.S. Economy.
Take a look:
A larger, more impressive, MORE DEPRESSING version of the above map can be found HERE and is really worth the look.
I would not expect the economy or job growth to improve much over the next two years. This is what will make the 2012 Presidential election one of the most important in the history of our country.
Mitt Romney’s time is now!
There are some good choices on the horizon among the 2012 Presidential hopefuls but only one GREAT CHOICE for what needs to be done to put America back on the road to economic recovery. That candidate is Mitt Romney. Not only would he bring his success as a Governor to the United States Presidency but he would, more importantly, bring his business savvy.
Here are some highlights of Romney business success taken from Wikipedia:
PLEASE NOTE: Several links to back up the claims in the highlights below, can be found HERE.
1977- 83 Bain & Company – Romney proved adept at learning the “Bain way”, which consisted of immersing itself in each client’s business, and not simply to issue recommendations, but to stay with the company until they were effectively changed for the better. With a record of success with clients such as the Monsanto Company, Outboard Marine Corporation, Burlington Industries, and Corning Incorporated, Romney became a vice president of the firm in 1978 and within a few years one of the its best consultants. Romney became a firm believer in Bain’s methods; he later said, “The idea that consultancies should not measure themselves by the thickness of their reports, or even the elegance of their writing, by rather by whether or not the report was effectively implemented was an inflection point in the history of consulting.
1983 – 90 Bain Capital – A spinoff of Bain & Company, Romney founded the company with Bill Bain. At first, Bain Capital focused on venture capital opportunities. Their first big success came with a 1986 investment to help start Staples Inc., after founder Thomas G. Stemberg convinced Romney of the market size for office supplies; Bain Capital eventually reaped a nearly sevenfold return on its investment. The firm’s successfully invested in or acquired many well-known companies such as Accuride, Brookstone, Domino’s Pizza, Sealy Corporation, Sports Authority, and Artisan Entertainment, as well as lesser-known companies in the industrial and medical sectors. Bain also was involved in leveraged buyouts which sometimes led to layoffs. Of these, Romney later said, “Sometimes the medicine is a little bitter but it is necessary to save the life of the patient. My job was to try and make the enterprise successful, and in my view the best security a family can have is that the business they work for is strong.”
1990 – 92 Bain & Company – Romney returned to Bain & Company which was facing collapse as a favor to his mentor Bill Bain and was named CEO taking only a symbolic salary of one dollar. Romney managed an effort to restructure the firm’s employee stock-ownership plan, real-estate deals and bank loans, while rallying the firm’s thousand employees, imposing a new governing structure that included Bain and the other founding partners giving up control, and increasing fiscal transparency. Within about a year, he had led Bain & Company through a highly successful turnaround and returned the firm to profitability without further layoffs or partner defections. He turned Bain & Company over to new leadership and returned to Bain Capital in December 1992.
1992 – 99 Bain Capital – Romney left Bain Capital in February 1999 to serve as the President and CEO of the 2002 Salt Lake City Olympic Games Organizing Committee. By that time, Bain Capital was on its way to being one of the top private equity firms in the nation, having increased its number of partners from 5 to 18, had 115 employees overall, and had $4 billion under its management. His experience at Bain & Company and Bain Capital gave Romney a world view that was business oriented – centering around a hate of waste and inefficiency.
I’d like to hear about similar experiences of other candidates in this area. I don’t believe there are any. This is why I believe Romney is unique and that HIS TIME IS NOW!
“Frankly, Governor Romney in his career has created more jobs than the entire Obama cabinet combined, so he could actually talk about [the economy].” -Newt Gingrich
At a time in history when American jobs are scarce, and the economy is on the brink of collapse, we need a President who doesn't require on-the-job training -- we need Mitt Romney! Mitt Means Business.
There are a lot of things people don’t know about Mitt Romney. Some that I feel are important when considering him for the office of President of the United States.
I think it’s safe to say that when many folks hear his name, they know him for the fact that he was a businessman for most his life; a successful one at that. It is precisely his business background and experience at Bain Capital that we will take a look at today.
I had also heard that when Romney left Bain Capital, that he could have made billions but instead left the company with much less as to not hurt the company or its investors. We will look into this as well.
The reason I am posting this Bain piece today is that for the past 2 or 3 days, there have been some not-so-flattering articles on Romney’s Bain background circling on the web. My goal today is not to single these hit pieces out, but instead present the facts and let the readers decide.
Before I start, I thought it might be interesting for you to view this brief video from the 2008 campaign and hear how Romney relates his background in business to the job of the President:
My search for material on Romney’s business background didn’t take very long. I did a quick Google search and came across information on Wikipedia about Bain & Company, Bain Capital, and Mitt Romney. That information is as follows:
In 1977 Romney was hired by Bain & Company (not to be confused with Bain Capital), a hot new management consulting firm in Boston that had been formed a few years earlier by Bill Bain and other former Boston Consulting Group employees. Bain would later say of the thirty-year-old Romney, “He had the appearance of confidence of a guy who was maybe ten years older.” With Bain & Company, Romney proved adept at learning the “Bain way”, which consisted of immersing itself in each client’s business, and not simply to issue recommendations, but to stay with the company until they were effectively changed for the better. With a record of success with clients such as the Monsanto Company, Outboard Marine Corporation, Burlington Industries, and Corning Incorporated, Romney became a vice president of the firm in 1978 and within a few years one of the its best consultants. Romney became a firm believer in Bain’s methods; he later said, “The idea that consultancies should not measure themselves by the thickness of their reports, or even the elegance of their writing, by rather by whether or not the report was effectively implemented was an inflection point in the history of consulting.”
Romney was restless for a company of his own to run, and in 1983 Bill Bain offered him the chance to head a new venture that would buy into companies, have them benefit from Bain techniques, and then reap higher rewards than just consulting fees. Romney was initially cautious about accepting the offer, and Bain re-arranged the terms so that there was no financial or professional risk to Romney. Thus, in 1984, Romney left Bain & Company to co-found the spin-off private equity investment firm, Bain Capital. Bain Capital was founded by Bain & Company partners Mitt Romney, T. Coleman Andrews III, and Eric Kriss. Bain and Romney spent a year raising the $37 million in investment money needed to start the new operation. As general partner of the new firm, Romney was frugal and cautious, spending little on office appearance and finding the weak spots in so many potential deals that by 1986, very few had been done. At first, Bain Capital focused on venture capital opportunities. Their first big success came with a 1986 investment to help start Staples Inc., their investment eventually reaped a nearly sevenfold return on its investment.
Now It really gets INTERESTING. And there is more. Talk about loyalty to the company that gave him his start:
In 1990, Romney was asked to return to Bain & Company (not to be confused with Bain Capital), which was facing financial collapse. As CEO (but only drawing a symbolic salary of one dollar), Romney managed an effort to restructure the firm’s employee stock-ownership plan, real-estate deals and bank loans, while rallying the firm’s thousand employees, imposing a new governing structure that included Bain and the other founding partners giving up control, and increasing fiscal transparency. Within a year, he had led Bain & Company through a highly successful turnaround and returned the firm to profitability without further layoffs or partner defections. He turned Bain & Company over to new leadership and 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. The firm’s successfully invested in or acquired many well-known companies such as Accuride, Brookstone, Domino’s Pizza, Sealy Corporation, Sports Authority, and Artisan Entertainment, as well as lesser-known companies in the industrial and medical sectors.
Romney left Bain Capital in February 1999 to serve as the President and CEO of the 2002 Salt Lake City Olympic Games Organizing Committee. His experience at Bain & Company and Bain Capital gave Romney a world view that was business oriented – centering around a hate of waste and inefficiency, and a love for data and charts and analysis and presentation – that he would take with him to the public sector. As a result of his business career, by 2007 Romney and his wife had a net worth of between $190 and $250 million, most of it held in blind trusts. Although gone, Romney received a passive profit share as a retired partner in some Bain Capital entities. An additional blind trust existed in the name of the Romneys’ children and grandchildren that was valued at between $70 and $100 million.
It’s clear that Romney could have taken more away from Bain Capital when he left. It seems that Romney’s compensation package was FAR LESS than it could have been. And how about taking a $1 dollar salary as CEO to turn around the company of the man who gave him his initial start?
Twenty years after its inception, Bain Capital manages approximately $65 billion in assets, and has founded, acquired, or invested in hundreds of companies including AMC Entertainment, Brookstone, Burger King, Burlington Coat Factory, Domino’s Pizza, DoubleClick, Guitar Center, Hospital Corporation of America (HCA), Sealy, The Sports Authority, Toys R Us, Unisource, Warner Music Group and The Weather Channel.
After reviewing his business background, coupled with his experience as a Governor, I have no doubt that Mitt Romney has all the talent needed to help rectify our bad economy. I can think of no other possible candidate that could bring this kind expertise to the Presidency and to make the necessary decisions needed to turn the U.S. economy around.
*Please Note: There were several sources to back up the facts from Wikipedia. If you follow the Wikipedia links above, you will have access to them.
The paperback version of Mitt Romney's book 'No Apology' will be released today.
It was on March 2, 2010 that Mitt Romney laid out his detailed vision for America in his comprehensive book No Apology: The Case for American Greatness. Today, nearly a year later, No Apology is being released in paperback and Romney is making the rounds on TV.
Along with a new subtitle ‘Believe in America’ which continues the optimistic, patriotic theme from his hardback edition (and which the Gov is sure to explain), and after nearly a year’s time has passed under the Obama administration since the original release of No Apology, the paperback version includes a new introduction that is catching fresh attention:
WASHINGTON — Former governor Mitt Romney, in a new introduction to his book, strongly criticizes President Obama, writing that “my worst fears about the president have come true” and that his policies “are smothering the American dream.”
“Rather than focusing his energy and political capital on solving the economic crisis, he exploited it to promote his extreme liberal agenda,” Romney writes in the new paperback version of “No Apology,” according to excerpts provided to the Boston Globe.
“We need a U-turn from the policies of the past few years,” he adds.
Romney is expected to expound on such a line of attack in a round of radio and television interviews Tuesday and Wednesday. Ostensibly, the interviews are part of a media tour for the paperback version of his book, but with just over a year before GOP primary voters go to the polls, interviewers are likely to ask Romney about his presidential ambitions.
A reminder of the Tea Party principles which undergirded his past presidential run (remember ‘Washington is Broken’?) is evidenced in the new intro, as well as Romney’s criticism of progressives’ push for bigger government:
“They simply do not believe in America as it was shaped by the Founders,” he writes. “They do not believe that the principles and values that made America a great nation still apply.”
“Like the monarch the revolutionaries rejected, they have no limit on the amount they would tax the people and their enterprises,” he adds. “Rather than admire the heritage of peaceful assembly and petition, they ridicule and demean assemblies of ordinary citizens who protest their grand health care plans, takeovers, and bailouts.”
Romney also strongly criticizes the president’s health care law. […]
“They have enacted 2,000 pages of health care legislation, and while the politicians did not take the time to read it before they voted, small businesses will have no choice but to read and comply with every one of its new mandates and provisions,” Romney writes.
Anyone who cares about the future of our nation would do America a great service by taking the time to digest No Apology by Mitt Romney. At around $10 per paperback copy, it’s a real path-to-greatness bargain.
Stay tuned here at MRC; we’ll post videos of Romney’s appearances on Good Morning America, The View, Piers Morgan Tonight, and Letterman as soon as they are available. Never one to rest, Romney will be a guest tomorrow (Wed Feb 2nd) on several conservative radio programs: Don Imus, Laura Ingraham, and Hugh Hewitt.
After all the candidates endorsed, flying coach across thousands of miles, pulling his suitcase in and out of hotel rooms, speeches given, funds raised, McDonalds meals on the road, and many days away from his beloved Ann, Governor Mitt Romney is delighted with yesterday’s election results.
Now that Romney has unlaced his elect-conservatives-running shoes, Jason Matter from Human Events was able to catch up with the him. Romney hopes Republicans keep their pledge:
With its historic gains in the House of Representatives, the biggest thing the GOP can do right now is “honor the Pledge to America,” Mitt Romney told HUMAN EVENTS. “This election was a referendum on Obama’s agenda,” and the electorate took a decisive stand against the Democrat Party’s “excessive spending, borrowing, and growth of government.”
“Our [GOP] majority is growing,” the former Massachusetts governor went on to say, noting that House Republicans will end up with a net gain of more than 60 seats in the House, easily blowing past the 39 they needed to regain the Majority.
While many conservatives are disappointed about the losses in Nevada and West Virginia, Romney said that Republicans should highlight their victories in New England, where GOP challengers Charlie Bass and Frank Guinta beat Democratic incumbents to take House seats and where Kelly Ayotte held on to Judd Gregg’s Senate seat.
“It goes to show you that when you have strong candidates with a compelling message, Independents will get behind you,” even in a blue state like New Hampshire. Asked if the impressive GOP showing inches him closer to a 2012 presidential run, Romney said he’s “not thinking about that right now.
“I’m basking in the delight of our historic news.”
Thank you, Governor Romney, for contributing so much toward yesterday’s GOP victories!
You deserve some time off. But, don’t be gone too long…