Mitt Romney: What I Learned at Bain Capital

In what I suspect is a preview of his convention speech, Mitt Romney wrote an op-ed today in the Wall street Journal talking about his time at Bain Capital.  Here are my take-aways:

  • Bain succeeded by growing and fixing companies. Staples is one of many businesses Romney and Bain helped create and expand
  • His Bain experience prepared him to turn around the 2002 Winter Olympics in Salt Lake City
  • He applied those same experiences as governor of Massachusetts to turn a budget deficit into a surplus and reduce our unemployment rate to 4.7%
  • For a business to succeed it requires a talented team, a good business plan and capital to execute it
  • He would apply these lessons in the White house to make it easier for entrepreneurs and small businesses to get the investment dollars they need to grow by:
  1. reducing and simplifying taxes
  2. replacing Obamacare with real health-care reform that contains costs and improves care
  3. stemming the flood of new regulations that are tying small businesses in knots
  • Romney’s faith in people, not government, is at the foundation of his plan to strengthen America’s middle class
  • Innovation is essential to the competitiveness of U.S. manufacturing
  • Unfair trade practices are harming American workers
  • When Romney sees a problem, he runs toward it or it will only get worse
  • Romney knows what it takes to turn around difficult situations. He 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

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