October 24th, 2007
11:26 AM ET
15 years ago

New Romney ad promotes finance background

Romney hit South Carolina airwaves with a new ad Wednesday.

WASHINGTON (CNN) - Former Gov. Mitt Romney launched a new campaign ad in South Carolina Wednesday that argues the Massachusetts Republican would use his background in business to cut spending in Washington.

"I come from the business world - where turning around companies taught me how to manage budgets," Romney said in the television ad titled "Business World."

Romney was the founder and CEO of Bain Capital, a highly successful venture capital and investment firm based in Boston. Bain Capital and its affiliates manage more than $50 billion in assets, according to the company's Web site.

Romney also promotes his stint as president and CEO of the Salt Lake Organizing Committee for the 2002 Winter Olympics.

"In Washington, government always spends more. It shouldn't be that way... As president, I'll audit Washington – top to bottom – and cut spending," he says in the ad.

- CNN Political Assignment Editor Katy Byron

Filed under: Mitt Romney • South Carolina
soundoff (23 Responses)
  1. David, Kansas City, MO

    Well if he's so great with balancing budgets, then why is his campaign accumulating so much debt even while using so much of his own money to back it?

    October 24, 2007 02:38 pm at 2:38 pm |
  2. A. Thomas, New York, NY

    As a finance guy, Milt Romney has run an inefficient ($ spent on $ raised) and ineffective (relatively low poll standing) presidential campaign. You may expect him to be inefficent and ineffective if he gets elected.

    In addition, he was the guy who said he needed a lawyer to advise him. Why dont we just elect a lawyer instead?

    October 24, 2007 03:03 pm at 3:03 pm |
  3. Tom Dedham, Mass

    He has an excellent financial mindset and that is what is needed for a President (among other imporant attributes).

    We need to do away with the Clinton's NAFTA mistake, illegals taking away jobs and lowering the pay scale while at the same time COSTING US BILLIONS.

    Both of these issues hurt the lower and middle classes if we KEEP everything the way it is and he wants to change "business as usual".

    He along with the Demmies in my state compromised on a health care bill (who else can say they have compromised on anything in the lasy few years)?

    He knows how to manage and that is what a Presient does along with using a cabinet for advise and for their knowledge.

    He knows large budgets, compromise and he has run a state, a large company and has been the head of many corporations and was the one individual who saved the olympics from ruin.

    After Ted Kennedy and John Kerry were done cutting ribbons and mugging for the cameras neither were around when the Big dig had a ceiling panel collapse, as Governor he learned the design and he HIMSELF took control of a lousy situation and did an admirable job in supporting a very pissed off electorate.

    October 24, 2007 03:13 pm at 3:13 pm |
  4. Jared, Los Angeles, Ca

    Heaven knows we don't need more high-profile Mormons taking kooky stands on important issues. Whether it's Romney on torture (has the man never read the Book of Mormon?) or Beck on the California wildfires, both men bring nothing but shame and scorn to my beloved religion. My only hope is these brief brushes with public life will convince the both of them that its time to retire.

    October 24, 2007 03:29 pm at 3:29 pm |
  5. jay, Snellville, GA

    Clinton's NAFTA mistakes? The first Bush intiated NAFTA (and some even point to some of Regean's efforts).

    But yes, it needs to be repealed.

    October 24, 2007 03:53 pm at 3:53 pm |
  6. Tom, Indianapolis IN

    Cut spending, huh? I wonder just where these cuts would come...

    With his deep ideological conservativism as his guiding light, I highly doubt Romney would cut military spending. Isn't it funny how republicans always talk about "government waste" and refuse to acknowledge the fact that our military budget is TEN TIMES that of the next most expensive military (The United Kingdom)? Why not reconsider our spending regarding the biggest welfare state of them all: the military industrial complex?

    But no, I guess we should cut healthcare or social security, right Rommie?

    October 24, 2007 03:53 pm at 3:53 pm |
  7. Pete, Washington

    He may have a "bean-counting" background, but he also has a crude style of campaigning. His intentional 'slip of the tongue', refering to Barack as 'Osama' then quickly correcting himself, was sad to see in a politician with such strong religious beliefs. He has done this before, and has posed for photos a couple of times with his followers, holding signs berating Obama.
    Is this a true picture of who Mitt Romney is? I guess I expected more from a man of faith. Do mormons apologize? It's no wonder that the endorsement he got from a southern minister was retracted. It looks like many people are not excited about what they see and hear from this 'politician'. I wonder if he will 'self-destruct' like his father did, while he was campaigning for POTUS many years ago. If you remember, George Romney opened up his mouth and said some things that he later regretted. Deja vu anyone?

    October 24, 2007 03:53 pm at 3:53 pm |
  8. Jayson, Beale AFB, CA

    A. Thomas,
    As somone who has to overcome the fact that a large portion of the base of the Republican party are very uninformed about the LDS faith of course he is going to have to spend a lot of money to deal with the unfounded bias of voters from his party. He was one of the main reasons that the Winter Olympics went from being a financial disaster to an overwhelming success. But I guess that is pretty easy to ignore if you choose to live in ignorance.

    I pity you if your so ashamed to have a member of the LDS faith like Romney running for a political office. If you want someone to be ashamed of you have Harry Reid who 95% of the time is an embarassment to the LDS church.

    October 24, 2007 04:03 pm at 4:03 pm |
  9. Dave, Alpharetta, GA

    "I'm rich, so I should be president!" exclaims Mitt Romney.

    Umm, Mr. Fix-It, please tell me about the Big-Dig tunnel in Boston that the Romney Administration oversaw? Please describe how you performed on-budget, yet the tunnel then collapsed and killed a woman.

    Oh right - that was Ted Kennedy's fault!

    And the con continues, but even Republican's aren't buying it.

    October 24, 2007 04:10 pm at 4:10 pm |
  10. Lars, DC

    Good Job Romney! This is the kind of thing the country needs to see! Go Mitt 2008

    October 24, 2007 04:36 pm at 4:36 pm |
  11. Helen, Brittle Springs FL

    Mitt Romney: A Bright Future For This Great Nation

    October 24, 2007 04:47 pm at 4:47 pm |
  12. Stephen, Spokane, WA

    He who has never changed his mind about something or has never mispoke should throw the first stone.

    October 24, 2007 05:02 pm at 5:02 pm |
  13. Derek, NY

    None of the canadites have anywhere close to the buisness background Romney has. Romney also earned a dual degree in law while he was at Harvard. He has also proven himself as someone that can make somthing good out of a terrible situation.

    He is the best canadite

    October 24, 2007 06:16 pm at 6:16 pm |
  14. Jim, San Antonio, TX

    What his ad should say is this:

    "As president, I'll audit Washington – top to bottom – and cut spending, UNLESS I DECIDE TO FLIP-FLOP ON THIS COMMITMENT."

    October 24, 2007 06:33 pm at 6:33 pm |
  15. Glenn, Provo, Utah

    Mitt Romney is smart with money, there is no argument there. What is in debate, for me, is voting for a person who is a member of a religion that professes that abortion is okay.

    I am pro-life, and Mr. Romney was, unitl recently, pro-choice. This is disturbing because it identifies an integrity issue.


    October 24, 2007 07:29 pm at 7:29 pm |
  16. xtina - chicago IL

    Im glad Gov Romney is focusing on his financial expertise because it's one the highlights that sets him apart from other candidates.

    October 24, 2007 08:00 pm at 8:00 pm |
  17. RB, from the bay state

    He'll furlough every employee in America, and then hire illegals to landscape the White House grounds, just as he did to his own home in Belmont, Mass.

    Watch this guy – he's no good.

    October 24, 2007 08:27 pm at 8:27 pm |
  18. Wynter, Loudon, NH

    What the heck has Romney done to claim he is good with Finances? Running the Olympics? There wasn't much for him to do there but sign invoices since he didn't plan much. And his "experience" in Massachusetts was his totally ignoring the mess with the Big Dig problems until people ended up dying. And only then did he come riding in like the white knight for the cameras. The man is all "make-up" and "shiny teeth". We don't need a slick used car salesmen for president.

    Telling it like I see it,

    October 24, 2007 10:17 pm at 10:17 pm |
  19. Andrew E, Denver CO.

    Romney explains his change of heart. You can accept or reject that explanation. The only pro-life candidate up there is Fred Thompson. If you agree with 80 per cent of what a candidate represents, go for it. If your deal-breaker issue is the difference, find another candid. and vote accordingly.

    October 25, 2007 12:32 am at 12:32 am |
  20. hawnstyle

    Glenn you got to be kidding! The Church of Jesus Christ of Latter-Day Saints is definitely on the side of pro-life.
    I don't know what you been smoking, but take a break from that...

    October 25, 2007 03:43 am at 3:43 am |
  21. Michael Sheridan, Grand Rapids, MI

    I believe Bush ran on the idea that he'd be the "CEO President", and just look at how well that's turned out so far. Of course, Romney's business ventures have tended to actually make money, whereas Poppy Bush (and his Saudi friends) had to keep bailing out his drunken frat boy son, George W.

    However, a Romney's campaign strategy of spending money like a drunken sailor to buy straw poll votes doesn't seem very indicative of the sort of fiscal prudence Willard discusses in this ad.

    October 25, 2007 07:06 am at 7:06 am |
  22. Vic Reno, Nevada

    Yep, he sure will shout about his financial acumen but one need look a little deeper and SURPRISE...

    Mormans stick together. Check out who got the contracts, the big money, the gravey and you'll see, in Massachusetts or Utah, the $$$ went TO the Mormans. Sure enough.


    Romney will denounce Jesus Christ before denouncing Joseph Smith. What's wrong with that picture!

    Joseph Smith's Prophecy # 3 is that the United States Government to be overthrown in a 'few years'.

    There are others, check them out. Prophecy # 5 refers to Romney's state of Massachusetts.

    IT'S A CULT!

    October 25, 2007 12:49 pm at 12:49 pm |
  23. Tom Dedham, Mass

    Umm, Mr. Fix-It, please tell me about the Big-Dig tunnel in Boston that the Romney Administration oversaw? Please describe how you performed on-budget, yet the tunnel then collapsed and killed a woman.

    Oh right — that was Ted Kennedy's fault!

    And the con continues, but even Republican's aren't buying it.

    Posted By Dave, Alpharetta, GA : October 24, 2007 4:10 pm

    Do a little homework Dave from GA, Romney came along well after this thing was designed and the building began. 15 years or so.

    He attempted to merge the authorities that were in charge and OVERSAW the design, building, planning and finances that were loaded with democratic hacks that inhabit this state.

    He was stopped by the Democrats in this state from doing so.

    He tried to change the way things are done, but they circled the wagons as usual.

    Kennedy get's mentioned along with Kerry due to the fact that they championed this project from day ONE WELL before Romney was elected and as part of the insider dealing, they made it a TOTAL UNION job that led to it being the biggest over budget, overdue waste in the history of our country.

    Kennedy again get's mentioned as he and Kerry NEVER said bleep while this went on, but showed up for all of the photo-ops and ribbon cutting, but were NOWHERE to be found when the ACCIDENT happened.

    Romney took charge as he should have and showed leadership that my two Senators lacked, disagree with Romney's politics, but your speaking on something here, that you KNOW NOTHING ABOUT.

    Kind of like Jay from GA, NAFTA was signed off by Bill Clinton during his presidency.

    October 25, 2007 01:13 pm at 1:13 pm |