Skip to main content
No. of Recommendations: 7
Quoted: ...half a billion dollars is a mere rounding error in the great sucking maw of the federal budget, so why bother?

Because it's demoralizing for hard working Americans to have their pockets picked when the government isn't even trying to be frugal and efficient.

I believe Romney when he says, "I will ask a simple question about every federal program: is it so important, so critical, that it is worth borrowing money from China to pay for it?"

From Romney Revealed on CNN:

GLORIA BORGER: As the Romneys were struggling to get Ann's MS [multiple sclerosis] under control, they were about to face a challenge of an entirely different sort.

UNIDENTIFIED REPORTER: Could the scandal over Salt Lake's Olympic bid shatter on the city's quest to host the winter games?

BORGER: The 2002 Winter Olympics were in trouble. Salt Lake City was embroiled in a bribery scandal that threatened to bring down the games. So the search was on for someone to repair the damage.

SCOTT HELMAN: The list of people who could have come in and saved the 2002 Olympics began and ended with Mitt Romney.

BORGER: Romney knew finance, politics and was a Mormon. And that made him the top choice. A. ROMNEY: They called me instead of Mitt because they knew that Mitt would turn them down flat.

MITT ROMNEY: She called me at work said, you know, I want you to -- don't say no, Mitt. I think you ought to go run the Olympics. I said don't be ridiculous. That's absolutely crazy. I'd never do that. But over time, she convinced me.

BORGER: So despite Ann's health issues, the Romneys left Bain and moved to Utah in 1999. But when Romney really left Bain capital is now controversial. On paper, he remained chief executive officer, raising the question of his responsibility for companies that laid off workers when he was in Utah. He says that he was gone from the company completely, that the Olympics were all consuming.

TAGG ROMNEY: When he got there, it was a disaster. And -- he was panicked. He really seriously considered saying, you know, we -- it's not going to work here, there [are] just too many problems.

BORGER: Romney need help, so he rallied an old friend from Bain Capital, Fraser Bullock, to be the games' chief operating officer.

FRASER BULLOCK, former COO, SALT LAKE CITY OLYMPICS: Mitt did describe it as stepping into an empty elevator shaft because you're not sure -- you're falling and you're not sure when you're going to hit ground.

BORGER: Bullet joined the team that tried to do damage control. They created an operating plan, tried to convince sponsors to stay on board, and took a critical look at the nearly $400 million budget deficit staring them in the face. And even got rid of the usual catering at Olympic board meetings.

F. BULLOCK: We had Domino's Pizza. And it was a dollar a slice. Because he knew he could buy a pizza for five bucks, cut it into eight slices, sell them for a dollar a slice, get $8 of revenue for every pizza at a cost of $5. He turned the lunches from a cost center into a profit center.

M. ROMNEY: The Olympics is like putting on seven Super Bowls a day for 17 days straight.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.