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Tuesday, October 30, 2007

For the Record

Romney's Bain Capital backstory.

Live quote:

Only in America do audiences not burst out laughing when a guy worth $250 million gets up onstage and says he and his CEO buddies spend their spare time racking their brains to find ways to help people. Indeed, when you talk to people at Romney's events, they love to parrot what he has just told them about his fabled business background. "He strongly supports the private sector to solve our problems," gushes Terry Dussault of Merrimack. "That's very important to me."

The perception of Romney as a successful businessman who has made a vast fortune is seductive enough that it works for most audiences on the Republican campaign trail, even if they don't really understand how exactly he made all that money. But if Romney makes it through the nomination process to face the Democrats, they will be sure to turn his career into a referendum on modern business practices.