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June 2nd, 2011
03:00 PM ET

Romney's new mission: To change perceptions

Washington (CNN) - On paper, Republican Mitt Romney seems to be the candidate's candidate.

The son of a former governor, Romney has demonstrated that he can raise swells of campaign cash - and has the name recognition that helps place him high in presidential preference polls.

Romney, 64, also has the credentials of being a successful businessman and organizer, key aspects to any successful candidate. He founded Bain Capital, a private equity firm, and oversaw the 2002 Winter Olympics in Salt Lake City, Utah.

His experience with economic issues almost certainly will be a boon for in a race that will turn largely on jobs and the economy.

With his announced run on Thursday, Romney will have a treasure trove to spend. His political action committee, Free and Strong America, has raised millions of dollars since 2009, according to federal records and his PAC.

Generally, a candidate's experience as a governor is seen as a plus, but Romney's history in Massachusetts may potentially harm him. Running the state from 2003 to 2007, Romney was known for making bipartisan compromises - a necessary tool in a state dominated by Democrats and independents.

One of those compromises was a universal health care reform law that many say is the model for President Barack Obama's similar law passed in 2010. In both cases, Republicans have been by and large against the laws, arguing against the individual mandate on the state's residents.

Several of his potential rivals for the party's nomination have criticized the Massachusetts universal health care plan, which they call "Romneycare," for making all state residents get health care insurance through subsidies or mandates.

Although the state has greatly expanded the number of residents receiving insurance coverage, the costs have exceeded estimates.

Romney tried to take the issue head on in the run-up to his announcement.

FULL STORY

Filed under: 360° Radar
soundoff (One Response)
  1. m. kielty

    In the 2009 book called "The Buyout of America" by Josh Kosman in chapter 6, entitled "Plunder and Profit" the author spends pages 105-109 describing how Mitt Romney, and his company Bain Capital, made big money buying companies and then taking companies apart by running them into the ground by failing to re-invest the profits, pocketing dividends, and puting people out of work, all to make a buck. How this has escaped the mainstream media at the moment is incredible. This is not a guy who should be on the ballot. He past should be exposed, and then people can decide if they want him in the presidential race.

    June 3, 2011 at 2:05 am |