PRESIDENTIAL CAMPAIGN 2012
Willard Mitt Romney (born March 12, 1947) is an American entrepreneur and politician. He was the 70th Governor of Massachusetts from 2003 to 2007 and is a candidate for the 2012 Republican Party presidential nomination.
The son of George W. Romney (the former Governor of Michigan) and Lenore Romney, Mitt Romney was raised in Bloomfield Hills, Michigan and later served as a Mormon missionary in France. He received his undergraduate degree from Brigham Young University, and thereafter earned Juris Doctor/Master of Business Administration joint degrees from Harvard Law School and Harvard Business School. Romney entered the management consulting business, which led to a position at Bain & Company, where he eventually served as CEO and brought the company out of crisis. He was also co-founder and head of the spin-off company Bain Capital, a private equity investment firm that became highly profitable and one of the largest such firms in the nation. The wealth Romney accumulated there would help fund his future political campaigns. He ran as the Republican candidate in the 1994 U.S. Senate election in Massachusetts, losing to incumbent Ted Kennedy. Romney organized and steered the 2002 Winter Olympics as President and CEO of the Salt Lake Organizing Committee, and helped turn the troubled games into a financial success.
Romney was elected Governor of Massachusetts in 2002, but did not seek reelection in 2006. He presided over a series of spending cuts and increases in fees that eliminated a projected $3 billion deficit. He also signed into law the Massachusetts health care reform legislation, which provided near-universal health insurance access via subsidies and state-level mandates and was the first of its kind in the nation. During the course of his political career, his positions or rhetorical emphasis have shifted more towards American conservatism in several areas.
Romney ran for the Republican nomination in the 2008 U.S. presidential election, winning several primaries and caucuses, but eventually losing the nomination to John McCain. In the following years his book, No Apology: The Case for American Greatness, was published. He also gave speeches and raised campaign funds on behalf of fellow Republicans. On June 2, 2011, Romney announced that he would seek the 2012 Republican presidential nomination. Political observers and public opinion polls place him among the front-runners in the race.