Mitt Romney penned an editorial released with The Wall Street Journal Friday regarding his much discussed record at Bain Capital, arguing that his business experience has taught him how to handle and take on problems when they arrise, and not allow them to fester.
The lessons I learned over my 15 years at Bain Capital were valuable in helping me turn around the 2002 Winter Olympics in Salt Lake City. They also helped me as governor of Massachusetts to turn a budget deficit into a surplus and reduce our unemployment rate to 4.7%. The lessons from that time would help me as president to fix our economy, create jobs and get things done in Washington.
Supporters frustrated with the Republican presidential candidate may argue that describing an accurate depiction of his time and success at Bain is something that he has not done soon enough to address the problem of frequent, inaccurate, attacks from his opponents regarding Romney's time at the private equity firm.
A broad message emerges from my Bain Capital days: A good idea is not enough for a business to succeed. It requires a talented team, a good business plan and capital to execute it.
In the op-ed Romney calls attention to companies he helped start or turn around at Bain, like Staples, Bright Horizons child-care provider, Brookstone and contact-lens maker Wesley Jessen. The piece puts focus on lessons he learned in business regarding the importance of innovation for U.S. manufacturing, and leveling the playing field in international trade.
While Romney contrasts details of his business leadership to the failings of President Obama during his first term, he doesn't mention companies like GST Steel that have been featured prominently in Democratic attack ads.
The "Real News" panel Friday discussed the op-ed, the facts about Romney's Bain past, how his experience would help him handle the job as president, and if more details on his time there will help Romney and his campaign.