Mitt Romney
Willard Mitt Romney, the earlier Governor of Massachusetts, was also the co founder and the vice president of the Bain Capital, a private equity venture company. He is also an ex contender for the Republican nomination in the United States presidential ballot in 2008. On January 2, 2003, he became the 70th governor of Massachusetts. When he took up the position, Romney had to face a proposed debit of $3 billion. However, due to a formerly instated principal gains income tax increase of $1.3 billion and a further $500 million in unexpected federal funding, the deficit reduced to $1.2 billion. Using his extensive knowledge in business, he was able to bring the state to balance. This was achieved by an amalgamation of expenditure reduction, increase in fees and elimination of all commercial tax ambiguities. By 2006 the state achieved a never before seen superfluous $700 million and taxes could be cut to more feasible percentages.
Mitt Romney was being considered as a possible 2008 presidential aspirant from the time when the Republican National Convention took place in 2004. However, he soon stepped down from the electoral and stopped his campaigning in February this year since he felt that it would only forestall the success of the party and would make it easier for the Democratic Party to win.
A few minutes after he quit the Republican nomination race, Mitt Romney met with around fifty heads of the party privately to consider him contending to the position of the 2012 president as the fresh candidate of conservatism. The main steps the campaign will focus on are to revitalize central principles such as limited government, lesser taxes and free speech.
As the opposition to Barrack Obama in 2012, Mitt Romney and his backers have full confidence in victory. He had to forgo the Republican nomination since the Evangelicals were short of supporting him since he followed the Mormon faith. However, in the next four years, he can utilize the time to build more trust with them. Mitt Romney promises to work on convincing them that difference of faith should not come in the way of him acquiring a Republican candidacy and going ahead with his campaign to become the President in 2012. The approaching duration will allow him to use the opportunity to correct his previous mistakes in campaigning. He will be proficient enough to identify himself as the endorsed head of the Republican Party in the near future.
Since Mitt Romney’s main strength is economy, he will have advantages in the 2012 Presidential campaign. Especially since the current economy is undergoing a recession which is expected to continue for a number of years. If he can deliver a solution, there is no doubt about who will be a future world leader. The experience he gained in saving doomed corporations in his business years and the instating of Massachusetts to a superior financial status can be the instrument of his upcoming campaign. There is no doubt that in 2012, Mitt Romney will be a formidable Republican candidate.
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