Republican Presidential Nominee, Mitt Romney, today released the following statement on Labor Day:
“Labor Day is a chance to celebrate the strong American work ethic. But for far too many Americans, today is another day of worrying when their next paycheck will come. Over 23 million Americans are struggling for work and job creation has not returned to our economy the way it should. Even President Obama has said we aren’t better off today than we were four years ago. My plan for a stronger middle class will champion small businesses, create millions of good jobs, and build a better future for our country.”
For 23 million Americans without jobs, the Labor Day holiday is not a day off but just another day without work. It’s a fitting hash mark for the presidential campaign kickoff, reminding Americans of President Obama’s tragic failure to deliver.
In 2009, Mr. Obama promised to lower unemployment to 5.5 percent by 2012. It’s stuck at 8.3 percent. In his first budget, hopefully titled “A New Era of Responsibility,” he projected current growth in the gross domestic product would be a red-hot 6.3 percent. Instead, the country creeps along at a miserable 1.5 percent. One measure of the Obama administration’s desperation is Labor Secretary Hilda L. Solis applauding the latest youth unemployment figures, which dipped all the way to 17.1 percent. When numbers that high make officials “excited,” you know things are terrible.
For Americans who are fortunate enough to have jobs, Labor Day is a time to relax with family and friends and enjoy the fruits of their hard work. For the millions still looking for employment or who have given up their search in frustration, it is just another bummer Obama day.
Hold on, America. Help is on the way!
Romney & Ryan are just 63 days away from being voted into office.
In an exclusive article published yesterday, TimeWorld reported (Exclusive: U.S. Scales-Back Military Exercise with Israel, Affecting Potential Iran Strike) that the U.S. government has been attempting to quietly cut support of Israel militarily, providing the excuse of “budget restrictions.” What budget? This excuse is laughable and is nothing more than an excuse. And spending restrictions? When has the Obama administration ever “restricted” its spending? President Obama is going to start to cut spending now by doing so with Israel? The entire article is a must-read. [Hat Tip to Kevin Anderson for sending over the Fort Bliss article] Excerpts:
Seven months ago, Israel and the United States postponed a massive joint military exercise that was originally set to go forward just as concerns were brimming that Israel would launch a strike on Iran’s nuclear facilities. The exercise was rescheduled for late October, and appears likely to go forward on the cusp of the U.S. presidential election. But it won’t be nearly the same exercise. Well-placed sources in both countries have told TIME that Washington has greatly reduced the scale of U.S. participation, slashing by more than two-thirds the number of American troops going to Israel and reducing both the number and potency of missile interception systems at the core of the joint exercise.
“Basically what the Americans are saying is, ‘We don’t trust you,’” a senior Israeli military official tells TIME.
The reductions are striking. Instead of the approximately 5,000 U.S. troops originally trumpeted for Austere Challenge 12, as the annual exercise is called, the Pentagon will send only 1,500 service members, and perhaps as few as 1,200. Patriot anti-missile systems will arrive in Israel as planned, but the crews to operate them will not. Instead of two Aegis Ballistic Missile Defense warships being dispatched to Israeli waters, the new plan is to send one, though even the remaining vessel is listed as a “maybe,” according to officials in both militaries.
[…] In the current political context, the U.S. logic is transparent, says Israeli analyst Efraim Inbar. “I think they don’t want to insinuate that they are preparing something together with the Israelis against Iran – that’s the message,” says Inbar, director of the Begin-Sadat Center for Strategic Studies at Bar-Ilan University. “Trust? We don’t trust them. They don’t trust us. All these liberal notions! Even a liberal president like Obama knows better.”
Mr. Obama’s support from active duty military service members and veterans alike has fallen substantially over the last year amid constant reports of intentionally leaking of classified intelligence including well placed assets, methods of operation, numbers of special operations personnel involved in missions, etc. His support for re-election continues to slide among those in the military. Could it be because our active duty service members have been well aware of Mr. Obama’s weakening partnership with one of America’s strongest allies? Consider as evidence the speech he gave yesterday at Fort Bliss, Texas.
Several articles reported the event with all of them mentioning the lackluster reception received by their commander in chief. One article (Obama speech to soldiers met with silence) by The Daily Caller provided a point by point account of the speech that fell flat throughout:
President Barack Obama was greeted with fleeting applause and extended periods of silence as he offered profuse praise to soldiers and their families during an Aug. 31 speech in Fort Bliss, Texas.
His praise for the soldiers — and for his own national-security policies — won cheers from only a small proportion of the soldiers and families in the cavernous aircraft-hanger.
The audience remains quiet even when the commander-in-chief thanked the soldiers’ families, and cited the 198 deaths of their comrades in Iraq and Afghanistan.
The audience’s reaction was so flat that the president tried twice to elicit a reaction from the crowd.
While tropical storm Isaac churns across the U.S. Gulf Coast into what is expected to be a strong Category 1 or 2 hurricane, formal events cancelled at the GOP convention today in Tampa, FL, afforded a plethora of opportunities for politicians, politicos and attendees to mingle.
The Romney brothers, in full force at the convention, are in high demand. They were interviewed early this morning by FOX & Friends’ Steve Doocy AND also later appeared on FOX News’ America Live with Megyn Kelly.
Here’s the FOX & Friends interview (video of the Megyn Kelly interview is at the end of this article):
During the interview, a viewer tweeted a question: Describe your father using one word…
With a changed convention schedule, breakfasts, luncheons, and state delegate meetings were the order of they day. Tagg, Matt, Josh, Ben, and Craig Romney fanned out to lend helping hands:
• Tagg Romney spoke to Virginia delegates and was joined by Angelina Jolie’s father, movie star Jon Voight:
Actor Jon Voight, a longtime supporter of the GOP, is in Tampa speaking to delegates and hanging out with the Romney family.
Tagg Romney tweeted a photo of himself, Voight, Rep. Jason Chaffetz (R-Utah) and Julie Chaffetz addressing the Virginia delegation Monday morning.
Voight introduced Romney at the event and posed for pictures with delegates, according to sightings on Twitter.
The actor, the father of Angelina Jolie, also attended the 2008 Republican National Convention in Minneapolis.
And he has ties to vice presidential candidate Paul Ryan. In 2009, Voight attended a major GOP fundraiser in Washington, where he was introduced by the Wisconsin lawmaker.
“One of the most courageous acts in our society today is to stand up in Hollywood and say you’re a conservative Republican,” Ryan said of the actor.
Aug 27, 2012 – After speaking to the Virginia delegation, this photo was taken: (left to right) Jon Voight, Tagg Romney, Julie Chaffetz (wife of UT Congressman Jason Chaffetz) , Jason Chaffetz
Voight also spoke with The Daily Caller and lambasted the mainstream media for being Obama’s lap dogs:
“The media has been taken over by this administration,” Voight, an outspoken Hollywood conservative, said in an interview with TheDC. “It’s not less than what has happened in Venezuela with Hugo Chavez, really, because you can’t get the information through. I’m giving you this because I want to get the press my opinion. You can put it in any way you want to. But, it’s become pure propaganda and we should be appalled.”
“I mean look at the main media is not going to cover the Republican convention?” Voight added as an example. “This is propaganda, pure and simply. They say, ‘well, we’ll give them an hour.’ They’ll edit an hour – well, what will they edit out? What is the story they will tell? Do you understand?”
“Guys, you should be appalled,” Voight continued. “America, guys, wake up. You should be appalled that they can get away with it, that they can attack – the Republican Party is a victim of a bias, of a destructive bias against the Republican Party. It’s been going on for all this time and it’s getting worse and worse. And, now this? Come on, people, stand up.”
Voight is courageous and correct.
• Matt Romney was scheduled to address the Colorado delegation today (awaiting a report). He attended a Michigan delegate party last night in Tampa and his darling little daughter accompanied him. Here’s a photo of them at the get-together last night with MI Attorney General Bill Schuette:
Pictured: Matt Romney, his daughter, and MI Atty Gen Bill Schuette. Aug 26, 2012 – Tampa, FL
UPDATE – Matt Romney stresses his father “fixes things” before Colorado GOP delegation:
The friendly crowd of 36 delegates and 33 alternates and their guests reacted positively to Matt Romney’s description of his father as gifted in solving problems at several levels, from fixes around the house, to complex private equity deals with Bain Capital, to the elder Romney’s reformation of Salt Lake City’s hosting of the Winter Olympics.
He also touted Romney’s budget surpluses during his single term as the governor of Massachusetts.
Romney praised his father’s choice of fiscal hawk Rep. Paul Ryan, which drew big cheers from the crowd.
He called for the delegation to get out the vote in the swing state of Colorado, saying his father “believes like you do that we should not spend money we don’t have.
“That’s taxpayers’ money,” Matt Romney said. “That’s your money.”
After speaking to the Colorado delegation, Matt Romney spoke about his Dad with reporters:
• Here’s how Josh Romney spent last night (tweet):
Great event tonight with WI and MS. Joined Reince Priebus, Haley Barbour, Scott Walker, Henry Barbour in welcoming delegates to FL
‘Omelets with Orrin’ was Josh’s destination this morning where he spoke to Utah delegates. The event was hosted by Senator Orrin Hatch:
TAMPA, Fla. — Mitt Romney will survive “that meat grinder called a presidential election” and win in November, Utah Sen. Orrin Hatch told members of the Utah delegation to the Republican National Convention at their first breakfast meeting Monday.
“I’m so proud of Mitt Romney,” Utah’s senior senator said at an “Omelets with Orrin” breakfast honoring his 36 years of service that included a rallying speech by Josh Romney, one of two Romney sons who lives in Utah.
Josh Romney, who lives with his family in Millcreek and has considered running for office in Utah, said the same enthusiasm voters had for Obama four years ago has been transferred to his father.
“I have yet to meet someone who says, ‘I voted for (2008 GOP nominee Arizona Sen. John) McCain four years ago and this time, I’m going for Obama,’ “ Josh Romney said. “The same thing President Obama had four years ago, we’ve got it now.”
Ari Fleischer also spoke to the Utah delegates.
• Ben Romney, the son we don’t get to see as often as the others due to his medical residency in radiology, spoke during a breakfast for the West Virginian delegates. Beth Myers, the capable force known for helping Governor Romney with his V.P. search, also attended.
Ben Romney speaks to RNC convention delegates from West Virginia. Aug 27, 2012 – Tampa, FL
(Photo – Ben J. Holland)
• Craig Romney had the microphone at a breakfast meeting for Michigan delegates:
Craig Romney… recalled for the Michigan delegation to the Republican National Convention a story about Mitt Romney’s character.
As Mitt Romney took control of the troubled 2000 Olympics in Salt Lake City, he wanted to generate excitement by including new events, including skeleton — an event “like the luge” but you go face first (down the track) at 80 mph, Craig explained.
The producers of the “Today” show offered to put Romney on the air with host Katie Couric to talk about turning around the scandal-laden Games, if he learned how to do the skeleton, Craig said of his dad, the presumptive GOP presidential candidate who’s to be nominated here this week.
So Romney recruited the eventual gold-medalist to coach him because he didn’t want to miss the opportunity to drum up support for the Olympics.
“You can imagine he was terrified. He’s not exactly a thrill seeker,” Craig Romney said of his father… “He eventually learned to do the whole track.
“People saw this guy will literally do anything, including risking his own personal health, to make the Games a success.”
Newt Gingrich also spoke to the MI delegates.
Craig, who speaks fluent Spanish, is also featured in a Spanish-language radio ad which was released today.
The Romney brothers weighed in on their Dad’s run for the White House with FOX News’ Megyn Kelly:
Mitt Romney did a morning run-through of his all-important convention speech today at a New Hampshire high school auditorium (I imagine Ann rehearsed her speech, as well.)
When asked by a reporter if he thought the convention should be cancelled due to the hurricane, Governor Romney responded:
“Our sons are already in Tampa and they say it’s terrific there, a lot of great friends. And we’re looking forward to a great convention[.]” …
He said he hoped those in the storm’s path would be “spared any major destruction” but indicated there were no thoughts of canceling the convention in Tampa, where Isaac’s heavy rain had all but passed.
Romney’s running mate, Congressman Paul Ryan, is flying to Tampa today.
The Romney sons are great ambassadors for their parents and Congressman Ryan.
What a grand sight it will be to see the ENTIRE Romney family and the Paul Ryan family on the convention stand this Thursday night!
Mitt Romney, left, and Marco Rubio in Miami earlier this month. August 2012
(Photo – Saul Loeb/Getty Images)
He’s been given the plum role of introducing Governor Mitt Romney this week (Aug 30th) at the GOP convention as Romney accepts the Republican nomination for president of the United States.
Who is it?
Senator Marco Rubio (R-FL).
CBS News’ Bob Schieffer snagged Rubio this morning for a ‘Face the Nation’ interview. Rubio had high praise for Romney; take a look at a portion of the interview:
BOB SCHIEFFER CBS NEWS: “Now you’re going to introduce Governor Romney at the convention. How is that speech coming along? Give us a little insight into how that works. What will be the tone? What will be the line…?”
SEN. MARCO RUBIO: “The two things I think will be clear by the end of this week is that this election’s not just a choice between two men or two political parties. It’s literally a choice about which direction we want this country to go. Do we think that the way forward is for us to become more like the rest of the world or is the way forward for us to help the rest of the world become more like us, a nation that’s bought into free enterprise, that believes that opportunity is created when people are given the confidence and the ability to go out and start businesses and grow existing businesses and then what can government do help that happen. I think the stakes are important for people to understand what’s at stake here. We’re not just voting for the person we like more. We’re also voting for two very different directions for our country. And in addition opted that, I hope people understand who Mitt Romney is. Because his business career has been well documented and his success is extraordinary in the business realm, but he’s so much more than that. He was a successful governor. The job he did at the Olympics in Salt Lake City was extraordinary by all accounts. And then, look at his personal life. This man is a personal role model to younger men like me, as a father, as a husband. You look how successful his family has been. Everywhere that he has ever gone, whether in his church or his community, he has made it better, using his talents and his time. I think Mitt Romney is a role model for people like me and, I think that Mitt Romney, as a person especially, and the kind of person we would all be proud for our kids to grow up and be like.”
“Senator Marco Rubio is without a doubt one of America’s most dynamic and inspiring leaders, and I am excited to announce that he will introduce Governor Romney at the Republican National Convention. … Senator Rubio is a proven leader and a man of true character, and it is fitting that he will take on such an important role at our convention in his home state. Throughout his career, he has shown true dedication to constitutional principles, fiscal responsibility and free enterprise. As the son of immigrants, he has witnessed the promise of the American Dream firsthand and has worked to secure that promise for future generations.”
• From William Harris, Republican National Convention Chief Executive Officer:
“Marco Rubio symbolizes the greatness of the American dream. He is the perfect leader to introduce Mitt Romney when he accepts his nomination. We are an extraordinary country because we have fought to preserve individual liberties that are the heartbeat of opportunity and achievement. Senator Rubio has experienced this in his own life, which will help him bring tremendous focus to how Mitt Romney and Paul Ryan’s agenda will lead the way to a better tomorrow.” …
“One small step for man; one giant leap for mankind.”
Neil Armstrong, first man on the moon, has died…
A soft-spoken, humble, amazing historical American hero died today…
82 year old Neil Armstrong, who made history on July 20, 1969 by being the first man to ever walk on the moon, passed away today following complications from cardiovascular procedures.
Mitt Romney’s statement today on the death of Neil Armstrong:
“Neil Armstrong today takes his place in the hall of heroes. With courage unmeasured and unbounded love for his country, he walked where man had never walked before. The moon will miss its first son of earth.
“I met and spoke with Neil Armstrong just a few weeks ago–his passion for space, science and discovery, and his devotion to America will inspire me through my lifetime.”
Armstrong was born Aug. 5, 1930, on a farm in Ohio. He took his first airplane ride at age 6 and developed a fascination with aviation that prompted him to build model airplanes and conduct experiments in a homemade wind tunnel. He was licensed to fly at 16, before he got his driver’s license.
Armstrong enrolled in Purdue University to study aeronautical engineering but was called to duty with the U.S. Navy in 1949 and flew 78 combat missions in Korea. After the war, Armstrong finished his degree and later earned a master’s degree in aerospace engineering from the University of Southern California. He became a test pilot with what evolved into the National Aeronautics and Space Administration, flying more than 200 kinds of aircraft from gliders to jets.
Armstrong was accepted into NASA’s second astronaut class in 1962 — the first, including Glenn, was chosen in 1959 — and commanded the Gemini 8 mission in 1966. After the first space docking, he brought the capsule back in an emergency landing in the Pacific Ocean when a wildly firing thruster kicked it out of orbit.
Armstrong was backup commander for the historic Apollo 8 mission at Christmastime in 1968. In that flight, Commander Frank Borman, and Jim Lovell and Bill Anders circled the moon 10 times, and paving the way for the lunar landing seven months later.
It’s estimated that 500 to 600 million people around the world huddled around televisions to watch the moon landing; many more listened on radio.
At 9:32 a.m. on July 16, with the world watching, Apollo 11 took off from Kennedy Space Center with astronauts Neil Armstrong, Edwin Aldrin Jr., and Michael Collins aboard. Armstrong, a 38-year-old civilian research pilot, was the commander of the mission. After traveling 240,000 miles in 76 hours, Apollo 11 entered into a lunar orbit on July 19. The next day, at 1:46 p.m., the lunar module Eagle, manned by Armstrong and Aldrin, separated from the command module, where Collins remained. Two hours later, the Eagle began its descent to the lunar surface, and at 4:18 p.m. the craft touched down on the southwestern edge of the Sea of Tranquility. Armstrong immediately radioed to Mission Control in Houston, Texas, a famous message: “The Eagle has landed.”
Apollo 11 Commander Neil Armstrong salutes the American flag firmly planted in the dust of the moon’s surface. July 20, 1969
…[A] fifth of the world’s population — watched and listened to the moon landing, the largest audience for any single event in history.
Parents huddled with their children in front of the family television, mesmerized. Farmers abandoned their nightly milking duties, and motorists pulled off the highway and checked into motels just to watch on TV.
The moment arrives…
At 10:39 p.m., five hours ahead of the original schedule, Armstrong opened the hatch of the lunar module. As he made his way down the lunar module’s ladder, a television camera attached to the craft recorded his progress and beamed the signal back to Earth, where hundreds of millions watched in great anticipation. At 10:56 p.m., Armstrong spoke his famous quote, which he later contended was slightly garbled by his microphone and meant to be “that’s one small step for a man, one giant leap for mankind.” He then planted his left foot on the gray, powdery surface, took a cautious step forward, and humanity had walked on the moon.
Here’s video of that historical moment when millions across the earth held their collective breath as America did the unimaginable – put man on the moon:
A man who shunned the cameras, Armstrong described himself:
“I am, and ever will be, a white socks, pocket protector, nerdy engineer,” he said in February 2000 in one of his rare public appearances. “And I take a substantial amount of pride in the accomplishments of my profession.”
It’s important to note Astronaut Armstrong was critical of Obama’s space plans. In May 2010, Armstrong testified before before a House panel that exercised jurisdiction over NASA:
“The leadership enthusiastically assured the American people that the agency was embarking on an exciting new age of discovery in the cosmos,” Armstrong said. “But the realities of the termination of the shuttle program, the cancellation of existing rocket launcher and spacecraft programs, the layoffs of thousands of aerospace workers, and the outlook for American space activity throughout the next decade were difficult to reconcile with the agency assertions.”
Armstrong said the Obama administration’s cancellation of the back-to-the-moon Constellation program and reliance on commercial spacecraft to service the orbiting International Space Station are contributing to “substantial erosion of the United States’ historically highly regarded space industrial base” and a reduction in the number of students pursuing advanced engineering degrees.
The retired Navy aviator added: “A lead – however earnestly and expensively won — once lost is nearly impossible to regain.”
In 1999, Armstrong wed Carol Knight. He had two adult sons from a previous marriage.
Armstrong’s family issued a simple, beautiful suggestion for anyone who wanted to remember him:
“Honor his example of service, accomplishment and modesty, and the next time you walk outside on a clear night and see the moon smiling down at you, think of Neil Armstrong and give him a wink.”
Last month, President Obama directed all law enforcement officers to stand down and to not enforce existing laws governing policies of illegal immigrants detained in the United States. He bypassed all established legislative procedures and processes and simply used executive order to eviscerate existing statutes requiring deportation of illegal immigrants.
Agents of the Immigration and Customs Enforcement (ICE) agency filed suit in federal court this week against the Obama Administration charging it illegally directed ICE agents to break the law. As you will see in this short video clip, the backers of this lawsuit say there is no question President Obama, by executive order, has instituted unconstitutional policies and procedures:
President Obama, when sworn in on the Capitol steps, vowed to uphold and defend the Constitution of the United States. There is a reason our founders established that changes like these, under the Constitution, are to be made in the legislative branch. President Obama clearly thinks he can make monarch-like decrees by fiat when it suits him politically or even if he wishes to change the national debate.
What other executive orders from President Obama can we expect between today and election day in November? President Obama obviously considers himself exempt from constitutional checks and balances requiring that laws be changed in the legislative branch of government.
American Values: “In God We Trust” — “Liberty” — “E Pluribus Unum”
Twitter Follow: @VicLundquist— Dedicated to all members of The United States military and their families
Mitt Romney released his weekly podcast on the most recent disappointing economic data, including a decline in household incomes, an increase in unemployment in 44 states, and the devastating impact President Obama’s policies are having on American families. The podcast is available each week on mittromney.com.
Here’s the text:
Hello, I’m Mitt Romney.
In 44 states last month, the unemployment rate went up. The heartbreaking problem of joblessness just got worse in 44 states.
In 44 states, it got harder for an unemployed dad to look his son in the eyes at the dinner table.
In 44 states, a young mother worried that her daughter won’t have the same opportunities as the other kids at school.
In 44 states, a man laid off in the middle of life laced up his best shoes, straightened his tie, and walked out the door to face another long day of hard stares, hard interviews, and hard disappointments.
Last month, more families were shattered, more hearts ached, and more children wondered if they’d ever see their parents smile again … because the hope of a recovery that should have been ours grew dimmer in 44 states.
In six states, people saw the unemployment rate go down or stay the same. But all Americans are hurting. Too many are living paycheck to paycheck. Just this week, we got the unbelievable news that household incomes fell even further during the so-called recovery than they did during the recession itself.
Anxiety has never been higher. Another new report out of Washington warns that higher unemployment and a double-dip recession will be a reality next year unless immediate steps are taken to avert what they’re calling a “fiscal cliff.”
In all 50 states, Americans are looking to the White House for leadership. But all they’re getting from their President is fear, frustration, and blame. Instead of uniting our nation in this time of crisis, President Obama has hit the campaign trail to declare “a stalemate in Washington.”
Think about that. With millions of Americans hurting like never before, the President has admitted defeat. With five months to go before his term his up, he’s saying he won’t even try anymore.
Isn’t this a devastating verdict on his own failure to lead?
I’ve led companies. I’ve overseen an Olympic Games. And I’ve governed a great American state. When people are telling you to give up, that’s when you find a way to try harder. When others are pointing fingers, that’s when you extend an open hand. And when Americans are hurting and families are falling apart, that’s when you put politics aside and find a way to get them some help. In a word, you Lead.
Look to Tampa. Two days from now, leaders from all across the country will gather to show Americans that help is on the way. For that father whose heart cries out for the dignity of work … for that child who needs a stable home … for that mid-career worker who just wants another chance, a better America can be more than just a hope. It can be our future. It must be our future.
The latest news of the campaigns’ cash on hand is telling: Mitt Romney is not only very good at raising money, he’s very frugal in spending it.
Reports indicate that despite President Obama holding a record number of fundraisers while in office (nearly twice that of the next president on the list), the Romney campaign and the Republican National Committee are significantly financially better off than their Democratic counterparts. From Reuters:
Romney, the Republican National Committee and the Victory Fund they use jointly said they had $186 million left in cash on hand at the end of July. Disclosures filed on Monday showed Obama, the Democratic National Committee and their own joint funds having a total of $127 million left in cash on hand.
That money is an important gauge of firepower saved up for future advertising or investments in hiring, offices and events.
Why the discrepancy? It’s true that some funds are inaccessible to Mitt until he’s the official GOP nominee. But still, why such a difference when there wasn’t even a primary battle on the Democrat side? First, Jane Mayer in the New Yorker suggests President Obama doesn’t seem to relish fundraising, particularly from wealthy donors.
Ms. Mayer suggests an altruism on the part of Democrats holds them back from doing the same sort of fundraising the GOP does, particularly from, in a youthful Obama’s words, “the enemy” (big business / Wall Street). It’s clear the Obama camp and the left views money and those that possess it with some level of disdain. And as Mitt says, if you vilify something you may very well end up with less of it. Lest you be fooled, however, into believing Ms. Mayer’s suggestion that all the left’s motives are pure, and therefore the right’s are not, Matthew Continetti in the Free Beacon deconstructs Ms. Mayer’s thesis, calling it the “biggest myth of 2012” that Democrat donors don’t expect or receive some form of payback from their politicians. Mr. Continetti’s piece is worth a read. Perhaps it’s not progressive altruism that keeps the Obama campaign from raising funds as much as it’s that Obama’s track record is now a limiting factor.
The back-to-school season is here, and as parents take their children to shop for school supplies, I suspect that many of them will be visiting a Staples store. I’m very familiar with those stores because Staples is one of many businesses we helped create and expand at Bain Capital, a firm that my colleagues and I built. The firm succeeded by growing and fixing companies.
The lessons I learned over my 15 years at Bain Capital were valuable in helping me turn around the 2002 Winter Olympics in Salt Lake City. They also helped me as governor of Massachusetts to turn a budget deficit into a surplus and reduce our unemployment rate to 4.7%. The lessons from that time would help me as president to fix our economy, create jobs and get things done in Washington.
A broad message emerges from my Bain Capital days: A good idea is not enough for a business to succeed. It requires a talented team, a good business plan and capital to execute it. That was true of companies we helped start, like Staples and the Bright Horizons child-care provider, and several of the struggling companies we helped turn around, like the Brookstone retailer and the contact-lens maker Wesley Jessen.
My presidency would make it easier for entrepreneurs and small businesses to get the investment dollars they need to grow, by reducing and simplifying taxes; replacing Obamacare with real health-care reform that contains costs and improves care; and by stemming the flood of new regulations that are tying small businesses in knots.
My business experience confirmed my belief in empowering people. For example, at Bain Capital we bought Accuride, a company that made truck rims and wheels, because we saw untapped potential there. We instituted performance bonuses for the management team, which had a dramatic impact. The managers made the plants more productive, and the company started growing, adding 300 jobs while Bain was involved. My faith in people, not government, is at the foundation of my plan to strengthen America’s middle class.
I also saw firsthand through these investments how energy costs impact the ability of a business to grow. Today, energy costs are weighing on job creators across America because President Obama has limited energy exploration and restricted development in ways that sap economic performance, curtail growth, and kill jobs. I will take a sensible approach to tapping our energy resources, which will both create jobs and make energy more affordable for every sector of our economy.
In the 1990s, when the “old-technology” steel industry in the U.S. was failing, Bain Capital helped build a new steel company, Steel Dynamics, which has grown into one of the largest steel producers in America today, holding its own against Chinese producers. The key to its success? State-of-the-art new technology.
Here are two lessons from the Steel Dynamics story: First, innovation is essential to the competitiveness of U.S. manufacturing. We are the most innovative, entrepreneurial nation in the world. To maintain that lead, we must give people the skills to succeed. My plan for a stronger middle class includes policies to give every family access to great schools and quality teachers, to improve access to higher education, and to attract and retain the best talent from around the world.
The second lesson is that we must have a level playing field in international trade. As president, I will challenge unfair trade practices that are harming American workers.
Running a business also brings lessons in tackling challenges. I was on the board of a medical diagnostic-laboratory company, Damon, when a competitor announced that it had settled with the government over a charge of fraudulent Medicare billing. I and fellow Damon outside board members joined together and immediately hired an independent law firm to examine Damon’s own practices.
The investigation revealed a need to make some changes, which we did. The company, along with several other clinical-laboratory companies, ended up being fined for billing practices. And a Damon manager who was responsible for the fraud went to jail. The experience taught me that when you see a problem, run toward it or it will only get worse.
That will be my approach to our federal budget problem. I am committed to capping federal spending below 20% of GDP and reducing nondefense discretionary spending by 5%. This will surely result in much wailing and gnashing of teeth in Washington. But a failure of leadership has created our debt crisis, and ducking responsibility will only cripple the economy and smother opportunity for our children and grandchildren.
I’m not sure Bain Capital could have grown or turned around some of the companies we invested in had we faced today’s anti-business environment. Andy Puzder, the chief executive of CKE Restaurants Inc., which employs about 21,000 people at Carl’s Jr. and Hardee’s restaurants, has said that the “current unfriendly economic environment perhaps best explains why American companies are sitting on over $2 trillion which they could invest.”
President Obama has piled on excessive regulations, proposed massive tax increases, added more than $5 trillion in federal debt, and failed to address the coming fiscal cliff—all of which is miring our nation in sluggish growth and high unemployment.
I know what it takes to turn around difficult situations. And I will put that experience to work, to get our economy back on track, create jobs, strengthen the middle class and lay the groundwork for America’s increased competitiveness in the world.
A few comments from Paul Johnson, if you’ll indulge, about why what Mitt says is so important:
1. Mitt’s succeeded before. We have some serious problems, but Mitt has displayed an unusual ability to solve difficult issues. From his tenure at Bain, to establishing and turning around other companies, to turning around the Olympics, Mitt Romney knows success and how to replicate it. (more…)
Hundreds of coal miners and their families stand in line to hear GOP presidential candidate Mitt Romney speak at his VICTORY rally at the Century Mine near Beallsville, Ohio, Tuesday, Aug. 14, 2012.
(Photo – Toledo Blade)
Today we heard substantive words we’ve been waiting to hear…
Mitt Romney has a WALLOPING energy independence plan for the USA!
Revving up the crowd in oil-producing town Hobbs, New Mexico, Governor Romney unveiled his BOLD new direction for ending America’s dependence on foreign oil – and more. Choosing Watson Truck & Supply Co., a trucking, oil, and field service company as his backdrop, Romney spoke of getting America energy independent by 2020. It lit the audience on fire.
A portion of his speech:
Governor Romney: “Three million jobs come back to this country by taking advantage of something we have right underneath our feet.That’s oil, and gas, and coal. We’re going to make it happen. We’re going to create those jobs. Let me tell you what else it does. It adds $500 billion to the size of our economy. That is more good wages. That’s an opportunity for more Americans to have a bright and prosperous future. It also means, by the way, tens of billions, potentially hundreds of billions of dollars, of tax revenues going into states and the federal government which can make sure we have a military second to none and schools that lead the world and care for our seniors, better roads and bridges. Accomplishing what I’ve described right there also means lower energy prices for American families and by the way, for American businesses, so that as businesses are thinking about where to build a factory and they look at the cost of production, let’s say, of a particular product, and they look at the energy cost, they see that here in North America, we have ample energy and it is low cost. And that will bring businesses back here. So you are going to see more manufacturing come back to the United States as a result of doing what is so clearly in our best interest.”
Listen to further details in Romney’s EXCITING SPEECH here.
UPDATE – PDF ‘The Romney Plan for a stronger Middle Class: ENERGY INDEPENDENCE’
“It is achievable,” Romney said while flanked by heavy equipment used for oil exploration at a trucking facility. “This is not some pie in the sky kind of thing. This is a real, achievable objective.”
Romney’s slimmed-down six-point plan, previewed to reporters Wednesday evening, revolves around increasing domestic oil and gas production in order to spur job growth, while reducing red tape and streamlining federal regulations he argues hinder growth.
Among his proposals, Romney called for increased offshore drilling along the continental shelf, reducing wait times for drilling permits on federally controlled lands, and completing the Keystone XL pipeline to bring in oil from Canada – a constant criticism from Romney who has called its approval “a no brainer.”
The increased production, according a briefing paper released by the Romney campaign, will create 3 million jobs – 1 million of them in the manufacturing sector – and upwards of $500 billion in additional Gross Domestic Product. And for cash strapped municipalities and states, they argue it will increase tax revenues by up to $1 trillion over 10-years.
“That’s more good wages,” Romney said. “That’s an opportunity for more Americans to have a bright and prosperous future.”
In addition to the 15 million barrels already produced in the US daily, Romney said his proposals would produce 2 million barrels from off shore drilling, 2 million barrels from “tight” oil production – oil reached through horizontal drilling and “fracking” – 1 million barrels of bio diesel, and another 2 million barrels in natural gas. The extra production, Romney argues, would leave North America completely self-sufficient.
“The net of all this, as you can see, is by 2020, we’re able to produce somewhere between 23 and 28 million barrels per day of oil and we won’t need to buy any oil from the Middle East or Venezuela or anywhere else that we don’t want to,” Romney said.
Obama’s main energy focus has been on renewable energy and awarding outlandish amounts of taxpayer money to his ‘green‘ cronies – money which has mostly gone *poof* into thin air with few, if any, results – or went to foreign companies. And, surprise! As it turns out, Obama’s so-called “independent” energy loan watchdog, Herb Allison, is an Obama guy and is donating money to reelect him.
Contrary to all the facts and figures Obama is now spouting about his superb energy record, our President implemented a No New Access Energy Plan. Plus, remember back in 2008 when Obama said under his Administration’s policies that coal plants would go bankrupt? Once elected, he sicced the EPA on that right away. Don’t forget Obama’s billions of dollars loan to Brazil to develop their off-shore drilling (while suppressing U.S. off-shore permits) assuring them America would buy their oil. Guess what? Brazil’s oil is going to… CHINA. (Smell a rat? Go see the movie 2016: Obama’s America to understand why Obama does what he does. I guarantee your eyes will be opened.)
Love this photo and these guys! Romney greets some of America’s energy heroes – coal miners – who lined up earlier in the day to support him at his rally at American Energy Corp in Beallsville, Ohio on Aug 14, 2012. (Photo – Toledo Blade)
Romney also approves of renewables, but has the common sense to know that repressing fossil fuels in the hope that windmills and sunbeams will magically supply America’s commercial, military, and private sector needs is short-sighted and very foolish. Obama’s energy actions have STUNTED America and heaped more bills on the mountain of bills he’s racked up for U.S. citizens to pay. Sixteen TRILLION dollars of debt… coming soon to America!
Many Americans have been anxiously awaiting the day we develop our own energy sources in such a capacity that we no longer have to kowtow to oil cartels. Romney’s full-scope, forward-thinking plan to unleash the natural resources we’ve been blessed with, in an expedited yet responsible way, along with the massive resultant benefits, is VERY GOOD NEWS.