In the 112th Congress, elected in 2010, the Republican Party holds a majority of seats in the House of Representatives, and a minority of seats in the Senate. The party holds the majority of governorships, as well as the majority of state legislatures, and control of one chamber in five states.
The first official party convention was held on July 6, 1854 in Jackson, Michigan. The Republicans' initial base was in the Northeast and the upper Midwest. With the realignment of parties and voters in the Third Party System, the strong run of John C. Fremont in the 1856 Presidential election demonstrated it dominated most northern states. Early Republican ideology was reflected in the 1856 slogan "free labor, free land, free men." "Free labor" referred to the Republican opposition to slave labor and belief in independent artisans and businessmen. "Free land" referred to Republican opposition to plantation system whereby the rich could buy up all the good farm land and work it with slaves, leaving the yeoman independent farmers the leftovers. The Party had the goal of containing the expansion of slavery, which would cause the collapse of the Slave Power and the expansion of freedom. Lincoln, representing the fast-growing western states, won the Republican nomination in 1860 and subsequently won the presidency. The party took on the mission of saving the Union and destroying slavery during the American Civil War and over Reconstruction. In the election of 1864, it united with pro-war Democrats to nominate Lincoln on the National Union Party ticket. The party's success created factionalism within the party in the 1870s. Those who felt that Reconstruction had been accomplished and was continued mostly to promote the large-scale corruption tolerated by President Ulysses S. Grant ran Horace Greeley for the presidency. The Stalwarts defended Grant and the spoils system; the Half-Breeds pushed for reform of the civil service. The GOP supported business generally, hard money (i.e., the gold standard), high tariffs to promote economic growth, high wages and high profits, generous pensions for Union veterans, and (after 1893) the annexation of Hawaii. The Republicans supported the pietistic Protestants who demanded Prohibition. As the Northern post-bellum economy boomed with heavy and light industry, railroads, mines, fast-growing cities and prosperous agriculture, the Republicans took credit and promoted policies to sustain the fast growth. Nevertheless, by 1890 the Republicans had agreed to the Sherman Antitrust Act and the Interstate Commerce Commission in response to complaints from owners of small businesses and farmers. The high McKinley Tariff of 1890 hurt the party and the Democrats swept to a landslide in the off-year elections, even defeating McKinley himself.
After the two terms of Democrat Grover Cleveland, the election of William McKinley in 1896 is widely seen as a resurgence of Republican dominance and is sometimes cited as a realigning election. McKinley promised that high tariffs would end the severe hardship caused by the Panic of 1893, and that the GOP would guarantee a sort of pluralism in which all groups would benefit. The Republicans were cemented as the party of business, though mitigated by the succession of Theodore Roosevelt who embraced trust busting. He later ran on a third party ticket of the Progressive Party and challenged his previous successor William Howard Taft. The party controlled the presidency throughout the 1920s, running on a platform of opposition to the League of Nations, high tariffs, and promotion of business interests. Warren G. Harding, Calvin Coolidge and Herbert Hoover were resoundingly elected in 1920, 1924, and 1928 respectively. The Teapot Dome scandal threatened to hurt the party but Harding died and Coolidge blamed everything on him, as the opposition splintered in 1924. The pro-business policies of the decade seemed to produce an unprecedented prosperity until the Wall Street Crash of 1929 heralded the Great Depression.
The New Deal coalition of Democrat Franklin D. Roosevelt controlled American politics for most of the next three decades, excepting the two-term presidency of Republican Dwight D. Eisenhower. African Americans moved into the Democratic Party during Roosevelt's time. After Roosevelt took office in 1933, New Deal legislation sailed through Congress at lightning speed. In the 1934 midterm elections, 10 Republican senators went down to defeat, leaving them with only 25 against 71 Democrats. The House of Representatives was split in a similar ratio. Republicans in Congress heavily criticized the "Second New Deal" and likened it to class warfare and socialism. The volume of legislation, and the inability of the Republicans to block it, soon elevated the level of opposition to Roosevelt. Conservative Democrats, mostly from the South, joined with Republicans led by Senator Robert Taft to create the conservative coalition, which dominated domestic issues in Congress until 1964. The Republicans recaptured Congress in 1946 after gaining 13 seats in the Senate and 55 seats in the House.
The second half of the 20th century saw election or succession of Republican presidents Dwight D. Eisenhower, Richard Nixon, Gerald Ford, Ronald Reagan, George H. W. Bush and George W. Bush. The Republican Party, led by House Republican Minority Whip Newt Gingrich campaigning on a ''Contract with America'', was elected to majorities to both houses of Congress in the Republican Revolution of 1994. The Senate majority lasted until 2001, when the Senate became split evenly but was regained in the 2002 elections. Both Republican majorities in the House and Senate were held until the Democrats regained control in the mid-term elections of 2006. In the 21st century, the Republican Party has been defined by social conservatism, a preemptive war foreign policy intended to defeat terrorism and promote global democracy, a more powerful executive branch, supply-side economics, support for gun ownership, and deregulation.
In the Presidential election of 2008, the party's nominees were Senator John McCain, of Arizona, for President and Alaska Governor Sarah Palin for Vice President. They were defeated by Senator Barack Obama of Illinois and Senator Joe Biden of Delaware. In 2009, Republicans Chris Christie and Bob McDonnell were elected to the governorships of New Jersey and Virginia and in 2010, Republican Scott Brown won the Massachusetts special Senate election. Their victories were harbingers of a GOP landslide in fall 2010, retaking control of the House, increasing their number of seats in the Senate, and gaining a majority of state governor seats. Overall 2010 was a historic election for the Republican Party. The Republicans gained 680 seats, the biggest gain by either party since 1966, which surpassed Democratic gains in the election of 1974. Republicans now hold approximately 3,890 of the total state legislative seats in the U.S., about 53 percent. That is the most seats in the GOP column since 1928. The Republicans will now control at least 54 of the 99 state legislative chambers, the highest number since 1952.
The term "Grand Old Party" is a traditional nickname for the Republican Party, and the abbreviation "G.O.P." (or "GOP") is a commonly used designation.
The traditional mascot of the party is the elephant. A political cartoon by Thomas Nast, published in ''Harper's Weekly'' on November 7, 1874, is considered the first important use of the symbol. In the early 20th century, the usual symbol of the Republican Party in Midwestern states such as Indiana and Ohio was the eagle, as opposed to the Democratic rooster. This symbol still appears on Indiana, New York, and West Virginia ballots.
After the 2000 election, the color red became associated with the GOP, although the party has not officially adopted it. That election night, for the first time, all of the major broadcast networks used the same color scheme for the electoral map: states won by Republican nominee George W. Bush were colored red, and states won by Democratic nominee Al Gore were colored blue. Although the assignment of colors to political parties is unofficial and informal, they have come to be widely recognized by the media to represent the respective political parties ''(see Political color and Red states and blue states for more details)''.
The Republican House and Senate caucuses have separate fundraising and strategy committees. The National Republican Congressional Committee (NRCC) assists in House races, and the National Republican Senatorial Committee (NRSC) in Senate races. They each raise over $100 million per election cycle, and play important roles in recruiting strong state candidates, while the Republican Governors Association (RGA) assists in state gubernatorial races; it is currently chaired by Governor Rick Perry of Texas.
The Republican Party includes fiscal conservatives, social conservatives, neoconservatives, moderates, and libertarians. Prior to the formation of the conservative coalition, which helped realign the Democratic and Republican party ideologies in the mid-1960s, the party historically advocated classical liberalism, paleoconservatism, and progressivism.
A leading economic theory advocated by modern Republicans is supply-side economics. Some fiscal policies influenced by this theory were popularly known as Reaganomics, a term popularized during the Presidential administrations of Ronald Reagan. This theory holds that reduced income tax rates increase GDP growth and thereby generate the same or more revenue for the government from the smaller tax on the extra growth. This belief is reflected, in part, by the party's long-term advocacy of tax cuts. Many Republicans consider the income tax system to be inherently inefficient and oppose graduated tax rates, which they believe are unfairly targeted at those who create jobs and wealth. They believe private spending is usually more efficient than government spending. Republicans oppose the estate tax.
Most Republicans agree there should be a "safety net" to assist the less fortunate; however, they tend to believe the private sector is more effective in helping the poor than government is; as a result, Republicans support giving government grants to faith-based and other private charitable organizations to supplant welfare spending. Members of the GOP also believe that limits on eligibility and benefits must be in place to ensure the safety net is not abused. Republicans introduced and strongly supported the welfare reform of 1996, which was signed into law by Democratic President Clinton, and which limited eligibility for welfare, successfully leading to many former welfare recipients finding jobs.
The party opposes a government-run single-payer health care system, believing such a system constitutes socialized medicine and is in favor of a personal or employer-based system of insurance, supplemented by Medicare for the elderly and Medicaid, which covers approximately 40% of the poor. The GOP has a mixed record of supporting the historically popular Social Security, Medicare and Medicaid programs. Congressional Republicans and the Bush administration supported a reduction in Medicaid's growth rate; however, congressional Republicans expanded Medicare, supporting a new drug plan for seniors starting in 2006. In 2011, House Republicans overwhelmingly voted for a proposal named The Path to Prosperity and for major changes to Medicare, Medicaid, and the 2010 Health Care Legislation. Many Republicans support increased health insurance portability, laws promoting coverage of pre-existing medical conditions, a cap on malpractice lawsuits, the implementation of a streamlined electronic medical records system, an emphasis on preventative care rather than emergency room care, and tax benefits aimed at making health insurance more affordable for the uninsured and targeted to promote universal access. They generally oppose government funding for elective abortions.
Republicans are generally opposed by labor union management and members, and have supported various legislation on the state and federal levels, including right to work legislation and the Taft-Hartley Act, which gives workers the right not to participate in unions, as opposed to a closed shop, which prohibits workers from choosing not to join unions in workplaces. Some Republicans are opposed to increases in the minimum wage, believing that such increases hurt many businesses by forcing them to cut jobs and services, export jobs overseas, and raise the prices of goods to compensate for the decrease in profit.
Many contemporary Republicans voice support of strict constructionism, the judicial philosophy that the Constitution should be interpreted narrowly and as close to the original intent as is practicable rather than a more flexible "living Constitution" model. Most Republicans point to Roe v. Wade as a case of judicial activism, where the court overturned most laws restricting abortion on the basis of a right to privacy inferred from the Bill of Rights and the Fourteenth Amendment to the United States Constitution. Some Republicans have actively sought to block judges whom they see as being activist judges and have sought the appointment of judges who claim to practice judicial restraint. Other Republicans, though, argue that it is the right of judges to extend the interpretation of the Constitution and judge actions by the legislative or executive branches as legal or unconstitutional on previously unarticulated grounds. The issue of judicial deference to the legislature is a matter of some debate — like the Democrats, most Republicans criticize court decisions that overturn their own (conservative) legislation as overstepping bounds and support decisions that overturn opposing legislation. Some commentators have advocated that the Republicans take a more aggressive approach and support legislative supremacy more firmly.
The Republican Party has supported various bills within the last decade to strip some or all federal courts of the ability to hear certain types of cases, in an attempt to limit judicial review. These jurisdiction stripping laws have included removing federal review of the recognition of same-sex marriage with the Marriage Protection Act, the constitutionality of the Pledge of Allegiance with the Pledge Protection Act, and the rights of detainees in Guantanamo Bay in the Detainee Treatment Act. The Supreme Court overruled the last of these limitations in ''Hamdan v. Rumsfeld''.
Compared with Democrats, many Republicans believe in a more robust version of federalism with greater limitations placed upon federal power and a larger role reserved for the States. Following this view on federalism, Republicans often take a less expansive reading of congressional power under the Commerce Clause, such as in the opinion of William Rehnquist in ''United States v. Lopez''. Many Republicans on the more libertarian wing wish for a more dramatic narrowing of Commerce Clause power by revisiting, among other cases, ''Wickard v. Filburn'', a case that held that growing wheat on a farm for consumption on the same farm fell under congressional power to "regulate commerce ... among the several States".
President George W. Bush was a proponent of the unitary executive theory and cited it within his signing statements about legislation passed by Congress. The administration's interpretation of the unitary executive theory was called seriously into question by ''Hamdan v. Rumsfeld'', where the Supreme Court ruled 5-3 that the President does not have sweeping powers to override or ignore laws through his power as commander in chief, stating "the Executive is bound to comply with the Rule of Law that prevails". Following the ruling, the Bush administration has sought Congressional authorization for programs started only on executive mandate, as was the case with the Military Commissions Act, or abandoned programs it had previously asserted executive authority to enact, in the case of the National Security Agency domestic wiretapping program.
This association however has shifted as the Democratic Party came to also support environmentalism. President George W. Bush has publicly opposed ratification of the Kyoto Protocols on the grounds that they unfairly targeted Western industrialized nations such as the United States while giving developing Global South polluters such as China and India a pass. Democratic President Bill Clinton also never sent the Kyoto treaty to the U.S. Senate for ratification as he also thought it unfair to the United States.
In 2000, the Republican Party adopted as part of its platform support for the development of market-based solutions to environmental problems. According to the platform, "economic prosperity and environmental protection must advance together, environmental regulations should be based on science, the government’s role should be to provide market-based incentives to develop the technologies to meet environmental standards, we should ensure that environmental policy meets the needs of localities, and environmental policy should focus on achieving results processes."
The Bush administration, along with several of the candidates that sought the Republican Presidential nomination in 2008, supported increased Federal investment into the development of clean alternative fuels, increased nuclear power, and well as fuels such as ethanol, as a way of helping the U.S. achieve energy independence, as opposed to supporting less use of carbon dioxide-producing methods of generating energy. McCain supports the cap-and-trade policy, a policy that is quite popular among Democrats but much less so among other Republicans. Most Republicans support increased oil drilling in currently protected areas such as the Arctic National Wildlife Refuge, a position that has drawn sharp criticism from some activists.
Some in the religious wing of the party support voluntary organized prayer in public schools and the teaching of intelligent design in science classes.
Although the GOP has voted for increases in government funding of scientific research, some members actively oppose the federal funding of embryonic stem cell research beyond the original lines because it involves the destruction of human embryos (which many consider ethically equivalent to abortion), while arguing for applying research money into adult stem cell or amniotic stem cell research. The stem cell issue has garnered two once-rare vetoes on research funding bills from President Bush, who said the research "crossed a moral boundary".
Groups pushing for LGBT issues inside the party include Log Cabin Republicans and GOProud. Fox News national exit polls of self-described LGBT voters found that 24% voted Republican in 2004 and in 2006. That value was 19% and 31% in 2008 and 2010, respectively.. In 2011, 28 % of Republicans supported gay marriage .
In the 1990s, Republicans opposed the intervention of the United States in the Balkans under President Bill Clinton and in 2000, George W. Bush ran on a platform that opposed these types of involvement in foreign conflicts.
Republicans secured gains in the 2002 and 2004 elections, with the War on Terror being one of the top issues favoring them. Since the September 11, 2001 attacks, some in the party support neoconservative policies with regard to the War on Terror, including the 2001 war in Afghanistan and the 2003 invasion of Iraq.
The doctrine of preemptive war, wars to disarm and destroy potential military foes based on speculation of future attacks rather than in defense against actual attack, has been advocated by prominent members of the Bush administration, but the war within Iraq has undercut the influence of this doctrine within the Republican Party. Rudy Giuliani, mayor of New York at the time of the September 11 terrorist attacks, and a candidate for the Republican presidential nomination in 2008, has stated his support for that policy, saying America must keep itself "on the offensive" against terrorists.
The George W. Bush administration took the position that the Geneva Conventions do not apply to unlawful combatants, saying they apply to soldiers serving in the armies of nation states and not terrorist organizations such as Al-Qaeda. The Supreme Court overruled this position in ''Hamdan v. Rumsfeld'', which held that the Geneva Conventions were legally binding and must be followed in regards to all enemy combatants. Prominent Republicans such as Senator John McCain, Governor Mike Huckabee, and Representative Ron Paul strongly oppose the use of enhanced interrogation techniques, which they view as torture.
We support the right of the United States citizens of Puerto Rico to be admitted to the Union as a fully sovereign state after they freely so determine. We recognize that Congress has the final authority to define the constitutionally valid options for Puerto Rico to achieve a permanent non-territorial status with government by consent and full enfranchisement. As long as Puerto Rico is not a state, however, the will of its people regarding their political status should be ascertained by means of a general right of referendum or specific referenda sponsored by the U.S. government.
''Business community''. The GOP is usually seen as the traditionally pro-business party and it garners major support from a wide variety of industries from the financial sector to small businesses. Republicans are about 50 percent more likely to be self-employed, and are more likely to work in the area of management.
''Gender''. Since 1980, a "gender gap" has seen slightly stronger support for the GOP among men than among women. In the 2006 House races, 43% of women voted for GOP, while 47% of men did so. In the 2010 midterms, the "gender gap" was reduced with women supporting GOP and Democratic candidates equally 49% to 49%.
''Race''. While historically the party had been supporters of rights for blacks since the 1860s, it lost its leadership position; the GOP has been winning under 15% of the black vote in recent national elections (1980 to 2008). The party has recently nominated African American candidates for senator or governor in Illinois, Ohio, Pennsylvania and Maryland, though none were successful. In the 2010 elections, two African American Republicans were elected to the U.S. House of Representatives. The Republican Party abolished slavery under Abraham Lincoln, defeated the Slave Power, and gave blacks the vote during Reconstruction in the late 1860s. Until the New Deal of the 1930s, blacks supported the GOP by large margins. Most black voters switched to the Democratic Party in the 1930s when the New Deal offered them employment opportunities, and major figures, such as Eleanor Roosevelt, began to support civil rights. They became one of the core components of the New Deal Coalition. In the South, blacks were able to vote in large numbers after 1965, when a bipartisan coalition passed the Voting Rights Act, and ever since have formed a significant portion (20-50%) of the Democratic vote in that region.
In recent decades, the party has been moderately successful in gaining support from Hispanic and Asian American voters. George W. Bush, who campaigned energetically for Hispanic votes, received 35% of their vote in 2000 and 44% in 2004. The party's strong anti-communist stance has made it popular among some minority groups from current and former Communist states, in particular Cuban Americans, Korean Americans, Chinese Americans, and Vietnamese Americans. The election of Bobby Jindal as Governor of Louisiana has been hailed as pathbreaking. He is the first elected minority governor in Louisiana and the first state governor of Indian descent. In the 2008 presidential election, John McCain won 55% of white votes, and 31% of Hispanic votes, compared to just 4% of African American votes. In the 2010 House election, the GOP won 60% of the white votes, 38% of Hispanic votes, while winning only 9% of the African American vote.
For decades, a greater percentage of white voters identified themselves as Democrats, rather than Republicans. However, since the mid-1990s whites have been more likely to self-identify as Republicans than Democrats.
''Family status''. In recent elections, Republicans have found their greatest support among whites from married couples with children living at home. Unmarried and divorced women were far more likely to vote for Kerry in 2004.
''Income''. Low-income voters tend to favor the Democratic Party while high-income voters tend to support the Republican Party. President George W. Bush won 41% of the poorest 20% of voters in 2004, 55% of the richest twenty percent, and 53% of those in between. In the 2006 House races, the voters with incomes over $50,000 were 49% Republican, while those under were 38%.
''Military''. Republicans hold a large majority in the armed services, with 57% of active military personnel and 66% of officers identified as Republican in 2003.
''Education''. Self-identified Republicans are significantly more likely than Democrats to have 4-year college degrees. The trends for the years 1955 through 2004 are shown by gender in the graphs below, reproduced from a book published by Joseph Fried. These graphs depict results obtained by Fried from the National Election Studies (NES) database.
Regarding graduate-level degrees (masters or doctorate), there is a rough parity between Democrats and Republicans. According to the Gallup Organization: "[B]oth Democrats and Republicans have equal numbers of Americans at the upper end of the educational spectrum — that is, with post graduate degrees..." Fried provides a slightly more detailed analysis, noting that Republican men are more likely than Democratic men to have advanced degrees, but Democratic women are now more likely than Republican women to have advanced degrees.
Republicans remain a small minority of college professors, with 11% of full-time faculty identifying as Republican.
''Age''. The Democrats do better among younger Americans and Republicans among older Americans. In 2006, the GOP won 38% of the voters aged 18–29.
''Sexual Orientation''. Exit polls conducted in 2000, 2004 and 2006 indicate that about one quarter of gay and lesbian Americans voted for the GOP. In recent years, many in the party have opposed same-sex marriage, adoption by same-sex couples, inclusion of sexual orientation in federal hate crimes laws, the Employment Non-Discrimination Act, while supporting the use of the don't ask, don't tell policy within the military. Some members of the party, particularly in the Northeast and Pacific coast, support civil unions and adoption rights for same-sex couples. The opposition to gay rights largely comes from the socially conservative wing of the party.
''Religion''. Religion has always played a major role for both parties but, in the course of a century, the parties' religious compositions have changed. Religion was a major dividing line between the parties before 1960, with Catholics, Jews, and Southern Protestants heavily Democratic, and Northeastern Protestants heavily Republican. Most of the old differences faded away after the realignment of the 1970s and 80s that undercut the New Deal coalition. Voters who attend church weekly gave 61% of their votes to Bush in 2004; those who attend occasionally gave him only 47%, while those who never attend gave him 36%. Fifty-nine percent of Protestants voted for Bush, along with 52% of Catholics (even though Kerry was Catholic). Since 1980, large majorities of evangelicals have voted Republican; 70–80% voted for Bush in 2000 and 2004, and 70% for GOP House candidates in 2006. Jews continue to vote 70–80% Democratic. Democrats have close links with the African American churches, especially the National Baptists, while their historic dominance among Catholic voters has eroded to 54-46 in the 2010 midterms. The main line traditional Protestants (Methodists, Lutherans, Presbyterians, Episcopalians) have dropped to about 55% Republican (in contrast to 75% before 1968). Their church memberships have declined in that time as well as the conservative evangelical churches have grown. Members of The Church of Jesus Christ of Latter-day Saints, commonly known as Mormons, are overwhelmingly Republican and vote in line with the Christian right - George W. Bush received 89% of the Mormon vote. Bush also received almost 80% of the Muslim vote in the 2000 Presidential election. However, his support among Muslims declined sharply and, by the 2004 election, at least half of those voters supported Democratic candidate John Kerry or a third party candidate.
''Location''. Since 1980, geographically the Republican "base" ("red states") is strongest in the South, the Midwest, and Mountain West. While it is weakest on the Pacific Coast and Northeast this has not always been the case; historically the northeast was a bastion of the Republican Party with Vermont and Maine being the only two states to vote against Franklin Roosevelt all four times. The Midwest has been roughly balanced since 1854, with Illinois becoming more Democratic and liberal because of the city of Chicago (see below) and Minnesota and Wisconsin more Republican since 1990. Ohio and Indiana both trend Republican. Since the 1930s, the Democrats have dominated most central cities, while the Republicans now dominate rural areas and the majority of suburbs.
The South has become solidly Republican in national elections since 1980, and has been trending Republican at the state level since then at a slower pace. In 2004, Bush led Kerry by 70%-30% among Southern whites, who made up 71% of the Southern electorate. Kerry had a 70-30 lead among the 29% of the voters who were black or Hispanic. One-third of these Southern voters said they were white evangelicals; they voted for Bush by 80-20; but were only 72% Republican in 2006.
The Republican Party's strongest focus of political influence lies in the Great Plains states, particularly Oklahoma, Kansas, Nebraska, South Dakota, and North Dakota, and in the Mountain states of Idaho, Wyoming, and Utah (Utah gave George W. Bush more than 70% of the popular vote in 2004). These states are sparsely populated with few major urban centers, and have majority white populations, making it extremely difficult for Democrats to create a sustainable voter base there. Unlike the South, these areas have been strongly Republican since before the party realignments of the 1960s. The Great Plains states were one of the few areas of the country where Republicans had any significant support during the Great Depression.
''Conservatives and Moderates''. Republican "conservatives" are strongest in the South, Mountain West and Midwest, where they draw support from social conservatives. The "moderates" tend to dominate the party in New England, and used to be well represented in all states. From the 1940s to the 1970s under such leaders as Thomas E. Dewey, Dwight D. Eisenhower, Nelson Rockefeller, and Richard Nixon, they usually dominated the presidential wing of the party. Since the 1970s, they have been less powerful, though they are always represented in the cabinets of Republican presidents. In Vermont, Jim Jeffords, a Republican Senator became an independent in 2001 due to growing disagreement with President Bush and the party leadership. In addition, moderate Republicans have recently held the governorships in several New England States, while Lincoln Chafee, a former moderate Republican senator is currently the independent governor of Rhode Island. Senators Olympia Snowe and Susan Collins, both of Maine, and Senator Scott Brown of Massachusetts are notable moderate Republicans from New England. From 1991 to 2007, moderate Republicans served as Governor of Massachusetts.
Some well-known conservative radio hosts, including national figures such as Rush Limbaugh, Sean Hannity, Glenn Beck, Neal Boortz, Laura Ingraham, Michael Reagan, Howie Carr, and Michael Savage, as well as many local commentators, support Republican causes, while vocally opposing those of the Democrats.
Category:International Democrat Union member parties Category:Political parties established in 1854 Category:Political parties in the United States
am:ሪፐብሊካን ፓርቲ (አሜሪካ) ar:الحزب الجمهوري (أمريكا) ast:Partíu Republicanu de los Estaos Xuníos az:ABŞ Respublikaçılar Partiyası zh-min-nan:Kiōng-hô Tóng (Bí-kok) bcl:Partido Republikano kan Estados Unidos bs:Republikanska stranka (SAD) bg:Републиканска партия ca:Partit Republicà dels Estats Units cs:Republikánská strana (USA) cy:Plaid Weriniaethol (Unol Daleithiau) da:Republikanske parti (USA) de:Republikanische Partei et:Vabariiklik Partei (USA) el:Ρεπουμπλικανικό Κόμμα (ΗΠΑ) es:Partido Republicano de los Estados Unidos eo:Respublikana Partio (Usono) eu:Ameriketako Estatu Batuetako Alderdi Errepublikarra fa:حزب جمهوریخواه ایالات متحده آمریکا fo:Republikanski Flokkurin fr:Parti républicain (États-Unis) fy:Republikeinske Partij (Feriene Steaten) ga:Páirtí Poblachtach (Stáit Aontaithe) gv:Partee Pobblaghtagh (Ny Steatyn Unnaneysit) gl:Partido Republicano (Estados Unidos) ko:공화당 (미국) hi:रिपब्लिकन पार्टी hr:Republikanska stranka (SAD) id:Partai Republik (Amerika Serikat) is:Repúblikanaflokkurinn it:Partito Repubblicano (Stati Uniti d'America) he:המפלגה הרפובליקנית ka:რესპუბლიკური პარტია (აშშ) la:Factio Republicana (CFA) lv:ASV Republikāņu partija lt:JAV respublikonų partija hu:Republikánus Párt (USA) mk:Републиканска партија (САД) mr:रिपब्लिकन पक्ष (अमेरिका) arz:الحزب الجمهورى فى امريكا ms:Parti Republikan (Amerika Syarikat) ro:Partidul Republican (Statele Unite) nl:Republikeinse Partij (Verenigde Staten) ja:共和党 (アメリカ) no:Det republikanske parti (USA) nn:Det republikanske partiet i USA oc:Partit Republican (Estats Units) pl:Partia Republikańska (USA) pt:Partido Republicano (Estados Unidos) ru:Республиканская партия (США) sq:Partia Republikane (ShBA) simple:Republican Party (United States) sk:Republikánska strana (USA) sl:Republikanska stranka (ZDA) sr:Републиканска странка (САД) sh:Republikanska stranka SAD fi:Yhdysvaltain republikaaninen puolue sv:Republikanska partiet ta:குடியரசுக் கட்சி (ஐக்கிய அமெரிக்கா) th:พรรคริพับลิกัน (สหรัฐอเมริกา) tr:Cumhuriyetçi Parti (ABD) uk:Республіканська партія США vec:Partito Republicàn (Stati Unii) vi:Đảng Cộng hòa (Hoa Kỳ) yi:רעפובליקאנער פארטיי yo:Ẹgbẹ́ Rẹ̀públíkánì (USA) zh-yue:共和黨 (美國) zh:共和黨 (美國)
This text is licensed under the Creative Commons CC-BY-SA License. This text was originally published on Wikipedia and was developed by the Wikipedia community.
name | Bill Maher |
---|---|
birth name | William Maher, Jr. |
birth date | January 20, 1956 |
birth place | New York, New York, U.S. |
alma mater | Cornell University |
medium | Stand-Up, Television, Film, Books |
nationality | American |
active | 1979–present |
genre | Satire, Political satire, News Satire, Observational comedy |
subject | American politics, current events, American culture, pop culture, freedom of speech, environmentalism, religion, human sexuality, recreational drug use, libertarianism, American liberalism, American conservatism |
influences | Steve Allen, George Carlin, Johnny Carson, David Frost, Robert Klein, Don Rickles, Gore Vidal, Lenny Bruce |
notable work | Elliot on Charlie HooverHost of Politically Incorrect Host of Real Time with Bill Maher''Religulous'' |
website | BillMaher.com |
footnotes | }} |
William "Bill" Maher, Jr. (; born January 20, 1956) is an American stand-up comedian, television host, political commentator, author and actor. Before his current role as the host of HBO's ''Real Time with Bill Maher'', Maher hosted a similar late-night talk show called ''Politically Incorrect'' originally on Comedy Central and later on ABC.
Maher is known for his political satire and sociopolitical commentary, which targets a wide swath of topics including: religion, politics, bureaucracies of many kinds, political correctness, the mass media, greed among people and persons in positions of high political and social power, and the lack of intellectual curiosity of the electorate. He supports the legalization of marijuana and same-sex marriage, and serves on the board of PETA. He is also a critic of religion and is an advisory board member of Project Reason, a foundation to promote scientific knowledge and secular values within society. In 2005, Maher ranked at number 38 on Comedy Central's 100 greatest stand-up comedians of all time. Bill Maher received a Hollywood Walk of Fame star on September 14, 2010.
Maher was raised in River Vale, New Jersey, and graduated from Pascack Hills High School in Montvale in 1974. He received a B.A. in English and history from Cornell University in 1978.
Maher assumed the host role ''Politically Incorrect with Bill Maher'', a late-night political talk show that ran on Comedy Central from 1993 to 1997 and on ABC from 1997 to 2002. The show regularly began with a topical monologue by Maher preceding the introduction of four guests, usually a diverse group of individuals from show business, popular culture, political pundits, political consultants, authors, and occasionally news figures. The group would discuss topical issues selected by Maher, who also participated in the discussions. Jerry Seinfeld, a regular guest on the show, stated that ''Politically Incorrect'' reminded him of talk shows from the 1950s and 60s "when guests interacted with each other as much as with the host."
''Politically Incorrect'' won an array of awards, including an Emmy Award for Outstanding Technical Direction, two CableACE awards for Best Talk Show Series, and a Genesis Award for Best Television Talk Show. Maher earned numerous award nominations for his producing, writing and hosting of ''Politically Incorrect'', including ten Emmy nominations, two TV Guide nominations, and two Writers Guild nominations. ABC decided against renewing Maher's contract for ''Politically Incorrect'' in 2002, after he made a controversial on-air remark shortly after the September 11 attacks. He agreed with his guest, conservative pundit Dinesh D'Souza, that the 9/11 terrorists did not act in a cowardly manner (in rebuttal to President Bush's statement calling 9/11 hijackers cowards). Maher said, "We have been the cowards. Lobbing cruise missiles from two thousand miles away. That's cowardly. Staying in the airplane when it hits the building. Say what you want about it. Not cowardly. You're right." Maher later clarified that his comment was not anti-military in any way whatsoever, referencing his well-documented longstanding support for the American military.
In the context of the attacks, some corporate advertisers found the comment too insensitive and controversial. Several companies, including FedEx and Sears Roebuck, pulled their advertisements from the show, costing the show more than it returned.
The show was cancelled on June 16, 2002, and the Sinclair Broadcast Group had dropped the show from its ABC-affiliated stations months prior. On June 22, 2002, just six days after the cancellation of ''Politically Incorrect'', Maher received the Los Angeles Press Club president's award (for "championing free speech"). Maher was on the board of judges one year for the PEN/Newman's Own First Amendment Award.
Maher's remarks after 9/11 were not the first time he had sparked controversy on ''Politically Incorrect''. In the same year, Maher was widely criticized for comparing dogs to retarded children. He apologized for his comments.
In 2003, Maher became the host, co-producer and co-writer of ''Real Time with Bill Maher'', a weekly hour-long political comedy talk show on the cable television network HBO. During an interview, Maher told Terry Gross (on NPR's ''Fresh Air'') that he much prefers having serious and well-informed guests on his program, as opposed to the random celebrities that fleshed out his roundtable discussions on ''Politically Incorrect''.
As with his previous show, ''Politically Incorrect'', Maher begins ''Real Time'' with a comic opening monologue based upon current events and other topical issues. He proceeds to a one-on-one interview with a guest, either in-studio or via satellite. Following the interview, Maher sits with three panelists, usually consisting of pundits, authors, activists and journalists, for a discussion of the week's events. In the segment "New Rules" at the end of each show, Maher delivers a humorous editorial on popular culture and American politics.
In late May 2005, Alabama Congressman Spencer Bachus sent a letter to Time Warner's board of directors requesting ''Real Time'' be cancelled after remarks Maher made after noting the military had missed its recruiting goals by 42 percent. Bachus said he felt the comments were demeaning to the military and treasonous. Maher stated his highest regard and support for the troops and asked why the congressman criticized him instead of doing something about the recruitment problem.
''Real Time'' has earned widespread praise. It has been nominated for more than ten Primetime Emmy Awards and six Writer's Guild awards. In 2007, Maher and his co-producers were awarded the Television Producer of the Year Award in Variety Television.
In early 2006, ''Real Time'' was released as an audio CD, along with another CD entitled ''Bill Maher's New Rules'' which features clips, segments and teasers from Real Time. Starting with Episode 67 (2-23-06), ''Real Time'' became available in the USA on iTunes as a free weekly audio podcast.
Maher holds the record for the most Emmy nominations without a win, having been nominated on 22 occasions and not winning once. Eleven of the nominations were for ''Politically Incorrect'', while nine were for ''Real Time.'' The other two were nominations for two of his HBO comedy specials: ''Bill Maher: I'm Swiss'' and ''Bill Maher: The Decider.''
HBO announced in July 2011 the show was renewed for a tenth season.
Maher hosted the January 13, 2006 edition of ''Larry King Live'', on which he was a frequent guest. Maher appeared as a special guest on the June 29, 2010 edition of the show, on which CNN anchor Larry King announced his retirement. Maher co-emceed the final show of ''Larry King Live'' on December 16, 2010 with Ryan Seacrest.
Since May 2005, he has been a contributing blogger at ''The Huffington Post''.
Maher favors a partial privatization of Social Security, ending corporate welfare and federal funding of non-profits, and legalization of gambling, prostitution, and marijuana. Maher is a member of NORML's Advisory Board, an organization which supports regulated legalization of marijuana. He describes himself as an environmentalist, and he has spoken in favor of the Kyoto treaty on global warming on his show ''Real Time''. He often criticizes industry figures involved in environmental pollution.
Maher is a board member of People for the Ethical Treatment of Animals. He has expressed his distaste for the pharmaceutical and health care industries in general, on the grounds that they make their money out of curing people who are made sick by consuming unhealthy food that corporations urge upon the public. He maintains that mass consumption of high-fructose corn syrup is a contributor to the rise in frequency of obesity in the United States. :" If you believe you need to take all the pills the pharmaceutical industry says you do, then you're already on drugs!"
Before the 2004 U.S. presidential election, Maher became candid in his stated opposition to the re-election of George W. Bush and in his support for John Kerry.
Known for protesting against the demonization of the word "liberal", during the campaign Maher criticized Kerry for being ashamed of the word. On his show, the comedian has noted the paradox of people claiming they distrusted "elite" politicians while at the same time wanting elite doctors to treat them and elite lawyers to represent them in court. Maher supports the death penalty, the legality of abortion and euthanasia. Since the 9/11 attacks, he has endorsed the use of racial profiling at airports.
He was originally against the Iraq War, and has summarized his opinion by saying that the United States and the world have had to pay too high a price for the war. He is skeptical of Iraq surviving without civil war.
In the 2008 U.S. presidential election, Maher announced his support for Barack Obama. Although Maher welcomed Obama's electoral victory, he has subjected him to criticism once in office for not acting boldly on health care reform and other progressive issues.
Maher and director Larry Charles teamed up to make the feature film ''Religulous'' (2008), described by trade publication ''Variety'' as a documentary "that spoofs religious extremism across the world." It was released on October 3, 2008.
While Maher is critical towards Christianity, he is an outspoken critic of religion as a whole, including Islam. On October 29, 2010, during a Real Time segment, Maher commented on a news story saying that the name Mohammed had become the most popular baby name in the United Kingdom. He asked, "Am I a racist to feel alarmed by that? Because I am. And it’s not because of the race, it’s because of the religion. I don’t have to apologize, do I, for not wanting the Western world to be taken over by Islam in 300 years? Sharia law is being institutionalized in England? Well, then I am right, I should be alarmed." He later defended his comments on CNN, saying, "And when I say Westerner, I mean someone who believes in the values that Western people believe in that a lot of the Muslim world does not. Like separation of church and state. Like equality of the sexes. Like respect for minorities, free elections, free speech, freedom to gather. These things are not just different from cultures that don’t have them. … It’s better. … I would like to keep those values here."
Maher received the Richard Dawkins Award for 2009 from Atheist Alliance International "for his efforts to further the values science and reason in the world."
Maher was ranked first by MormonVoices, a group associated with Foundation for Apologetic Information & Research, on its Top Ten Anti-Mormon Statements of 2011 list for saying "By any standard, Mormonism is more ridiculous than any other religion".
On August 24, 2009, Maher was a guest on ''The Tonight Show with Conan O'Brien'' and on the topic of getting universal health care legislation passed, Maher stated that Obama should forget about trying to get 60 votes for it, "he only needs 51." "Forget getting the sixty votes or sixty percent — sixty percent of people don't believe in evolution in this country — he just needs to drag them to it, like I said, they're stupid; get health care done, with or without them."
Maher has expressed the view that most illness is generally the result of poor diet and lack of exercise, and that medicine is often not the best way of addressing illness. In an episode of his show about the 2008 presidential candidates' health plans, Maher stated that poor nutrition is a primary cause of illness, and that "the answer isn't another pill."
In a discussion with Michael Moore about the film ''Sicko'', Maher asks, "The human body is pretty amazing; it doesn't get sick, usually, for no reason. I mean, there's some genetic stuff that can get to you, but, basically, people are sick in this country because they're poisoned. The environment is a poisoning factor, but also, we gotta say, they poison themselves. They eat shit. People eat shit, and that's, to my way of thinking, about 90 percent of why people are sick, is because they eat shit. Would you agree?"
On October 9, 2009, on his HBO show, Maher debated the effectiveness of flu vaccinations with Bill Frist and stated, "Why would you let them be the ones to stick a disease into your arm? I would never get a swine flu vaccine or any vaccine. I don’t trust the government, especially with my health." Maher also expressed skepticism about the seriousness of the swine flu and whether completely healthy people could die from it. His comments have generated criticism, and his remarks have been called unscientific and even harmful.
Maher responded to the criticism, noting, "What I've read about what they think I'm saying is not what I've said. I'm not a germ theory denier. I believe vaccinations can work. Polio is a good example. Do I think in certain situations that inoculating Third World children against malaria or diphtheria, or whatever, is right? Of course. In a situation like that, the benefits outweigh costs. But to me living in Los Angeles? To get a flu shot? No." (see Vaccine controversy)
Maher's filing stated that "When the dating ended, [Johnson] (sic) launched a campaign to embarrass, humiliate, and extort ridiculous sums of money from Bill Maher." Johnsen accused another former boyfriend of rape and kidnapping in 1997, and the charges were later dismissed for lack of evidence. Her lawsuit against Maher was dismissed on May 2, 2005.
Maher enjoys his bachelor status and states that he does not want to get married. On his website, he is quoted as saying, "I'm the last of my guy friends to have never gotten married, and their wives — they don't want them playing with me. I'm like the escaped slave — I bring news of freedom."
In 2005, he began dating Karrine Steffans, best-selling author and former hip hop model. When commentators suggested there was a pattern to his dating because both his girlfriend and former girlfriend were black, Maher said, "People say I'm into black women. Robert De Niro is into black women. I'm just into women who are real, and they happen to be black."
Film | |||
! Year | ! Title | ! Role | |
1983 | ''D.C. Cab'' | Bob | |
''Rags to Riches'' | Freddie | ||
''Club Med'' | Rick | ||
''Ratboy'' | Party Guest | ||
1987 | ''House II: The Second Story'' | John | |
1988 | Maxwell Taylor | ||
1989 | ''Cannibal Women in the Avocado Jungle of Death'' | Jim | |
1991 | ''Pizza Man'' | Elmo Bunn | |
1996 | ''Don't Quit Your Day Job!'' | Comic's Table | |
1997 | ''Bimbo Movie Bash'' | Unknown | |
1998 | ''EDtv'' | Himself | |
2001 | ''Tomcats (film)'' | Carlos | |
2005 | Himself | ||
Himself | |||
''Religulous'' | Himself | ||
2009 | ''New Rules: Best of'' | Himself | |
2010 | ''Sex, Drugs & Religion (2010)'' | Himself | |
HBO Specials | |||
! Year | ! Title | ! Role | |
1989 | ''One Night Stand'' | Himself | |
1992 | ''One Night Stand'' | Himself | |
1995 | ''Stuff that Struck Me Funny'' | Himself | |
1997 | ''The Golden Goose Special'' | Himself | |
2000 | Himself | ||
2003 | ''Victory Begins at Home'' | Himself | |
2005 | ''I'm Swiss'' | Himself | |
2007 | Himself | ||
2010 | Himself | ||
Television | |||
! Year | ! Title | ! Role | |
1985 | Marty Lang | ||
Unknown | |||
Haskel | |||
1989–90 | ''Murder, She Wrote'' | (2 episodes) | |
1990 | ''The Midnight Hour'' | Host | |
1991 | ''Charlie Hoover'' | Elliot | |
1992 | ''Say What?'' | Host | |
''Married... with Children'' | Adam Gold | ||
''Roseanne'' | Photographer | ||
1997 | ''Dharma & Greg'' | Himself | |
1993–2002 | ''Politically Incorrect'' | Host | |
2002 | ''Just for Laughs'' | Himself | |
2003–present | ''Real Time with Bill Maher'' | Host | |
2008 | ''True Blood'' | Himself | |
2010 | Himself | ||
2010 | ''Family Guy'' | Himself |
Category:1956 births Category:Writers from New York Category:Actors from New Jersey Category:Writers from New Jersey Category:American people of Jewish descent Category:American agnostics Category:American cannabis activists Category:American film actors Category:American libertarians Category:American satirists Category:American stand-up comedians Category:American television actors Category:American television talk show hosts Category:Cornell University alumni Category:American comedians of Irish descent Category:American writers of Irish descent Category:Living people Category:People from Beverly Hills, California Category:People from River Vale, New Jersey Category:Religious skeptics Category:Former Roman Catholics Category:Actors from New York City Category:Drug policy reform activists Category:Animal rights advocates
ar:بيل مار bg:Бил Мар ca:Bill Maher cs:Bill Maher cy:Bill Maher da:Bill Maher de:Bill Maher et:Bill Maher es:Bill Maher fa:بیل مار fr:Bill Maher id:Bill Maher it:Bill Maher he:ביל מאהר nl:Bill Maher ja:ビル・マー no:Bill Maher pl:Bill Maher pt:Bill Maher ro:Bill Maher ru:Мар, Билл simple:Bill Maher fi:Bill Maher sv:Bill Maher ta:பில் மேகர் uk:Білл Мар zh:標·馬艾This text is licensed under the Creative Commons CC-BY-SA License. This text was originally published on Wikipedia and was developed by the Wikipedia community.
birthname | Richard John Santorum |
---|---|
jr/sr | United States Senator |
state | Pennsylvania |
party | Republican |
term | January 3, 1995 – January 3, 2007 |
preceded | Harris Wofford |
succeeded | Bob Casey, Jr. |
state2 | Pennsylvania |
district2 | 18th |
term2 | January 3, 1991 – January 3, 1995 |
preceded2 | Doug Walgren |
succeeded2 | Mike Doyle |
birth date | May 10, 1958 |
birth place | Winchester, Virginia |
dead | alive |
occupation | Attorney, politician |
residence | Penn Hills, Pennsylvania |
law school | Dickinson School of Law, 1986 |
spouse | Karen Garver Santorum |
alma mater | Pennsylvania State University University of Pittsburgh Dickinson School of Law |
religion | Christian (Roman Catholic) |
footnotes | }} |
Richard John "Rick" Santorum (born May 10, 1958) is a lawyer and a former United States Senator from the commonwealth of Pennsylvania. Santorum is a member of the Republican Party and was the chairman of the Senate Republican Conference.
Santorum is considered both a social and fiscal conservative. He is known for his stances on the U.S. invasion of Iraq, Social Security, intelligent design, homosexuality, and the Terri Schiavo case.
In March 2007, Santorum joined the law firm Eckert Seamans Cherin & Mellott, LLC. He was to primarily practice law in the firm’s Pittsburgh and Washington, D.C., offices, where he was to provide business and strategic counseling services to the firm's clients. In addition to his work with the firm, Santorum also serves as a Senior Fellow with the Ethics and Public Policy Center in Washington, D.C., and was a contributor to Fox News Channel.
Santorum is a candidate for president of the United States in the 2012 election. He formed a presidential exploratory committee on April 13, 2011, and formally announced his candidacy on June 6.
Both of Santorum's parents worked at the Veterans’ Administration (VA) Hospital in Butler, and the family lived on the VA hospital post. His father became licensed as a psychologist in August 1974. He attended schools in the Butler Area School District, where he gained the nickname “Rooster”, allegedly because he "always had a few errant hairs on the back of his head that refused to stay down", and he was "noisy, showy, dogged and determined like a rooster and never backed down".
Santorum graduated from Carmel High School in Mundelein, Illinois, in 1976, where his father transferred within the VA hospital system. He lists his residency as Penn Hills, Pennsylvania, and maintains a home in Leesburg, Virginia, for his work in Washington, D.C.
Santorum earned a Bachelor of Arts degree, having majored in Political Science, from The Pennsylvania State University in 1980, and a Master of Business Administration degree from the University of Pittsburgh in 1981. He is a member of Tau Epsilon Phi fraternity.
In 1986, Santorum earned a Juris Doctor (J.D.) from the Dickinson School of Law, was admitted to the Pennsylvania bar, and began practicing law in Pittsburgh. While working at the law firm of Kirkpatrick & Lockhart, he represented the World Wrestling Federation, arguing that professional wrestling should be exempt from federal anabolic steroid regulations because it was not a sport. Santorum left private practice after first being elected to the House in November 1990.
Karen Santorum wrote a book about the experience: ''Letters to Gabriel: The True Story of Gabriel Michael Santorum''. In it, she writes that the couple brought the deceased infant home from the hospital and introduced the dead child to their living children as "your brother Gabriel" and slept with the body overnight before returning it to the hospital. The anecdote was also written about by Michael Sokolove in a 2005 ''New York Times Magazine'' story on Santorum. Karen is also the author of a book on etiquette for children.
Santorum and his family usually attend Latin Mass at Saint Catherine of Siena Church, near Washington, D.C. On November 12, 2004, Santorum and his wife were invested as Knight and Dame of Magistral Grace of the Knights of Malta in a ceremony at St. Patrick's Cathedral, New York.
After earning his Juris Doctor, Santorum became an administrative assistant to Republican State Senator Doyle Corman (until 1986). He was director of the Pennsylvanian Senate's local government committee from 1981 to 1984, then director of the Pennsylvanian Senate's Transportation Committee until 1986.
In 1990, at age 32, Santorum was elected to the U.S. House of Representatives from Pennsylvania's 18th District, located in the eastern suburbs of Pittsburgh. He scored a significant upset, defeating a seven-term Democratic incumbent, Doug Walgren. Although the 18th was heavily Democratic, Santorum attacked Walgren for living outside the district for most of the year. He was re-elected in 1992, in part because the district lost its share of Pittsburgh as a result of redistricting. In Congress, as a member of the Gang of Seven, Santorum worked to expose congressional corruption by naming the guilty parties in the House banking scandal.
In 1994, at the age of 36, Santorum was elected to the U.S. Senate, defeating the incumbent Democrat, Harris Wofford, who was 32 years older. The theme of Santorum's 1994 campaign signs was "Join the Fight!" Santorum was re-elected in 2000 defeating Congressman Ron Klink by a 52.4% to 45.5% margin.
In 1996 he endorsed Arlen Specter for president.
In a 2002 PoliticsPA feature story designating politicians with yearbook superlatives, he was named the "Most Ambitious".
As chairman of the Senate Republican Conference, Santorum directed the communications operations of Senate Republicans and was a frequent party spokesperson. He was the youngest member of the Senate leadership and the first Pennsylvanian to hold such a prominent position since Senator Hugh Scott was Republican leader in the 1970s. In addition, Santorum served on the Senate Agriculture Committee; the Senate Committee on Banking, Housing and Urban Affairs; the Senate Special Committee on Aging; and the Senate Finance Committee, of which he was the chairman of the Subcommittee on Social Security and Family Policy.
In January 2005, Santorum announced his intention to run for United States Senate Republican Whip, the second-highest post in the Republican caucus after the 2006 election. The move came because it was presumed the incumbent whip, Mitch McConnell of Kentucky, was viewed as having the inside track to succeeding Bill Frist of Tennessee as Senate Republican leader.
During the lame-duck session of the 109th Congress, Santorum was one of only two senators who voted against Robert Gates to become Secretary of Defense. He opposed Gates' advocacy of engaging Iran and Syria to solve the problem, saying that talking to "radical Islam" would be an error.
During his third term re-election campaign for his Senate seat against Bob Casey, Jr., Santorum introduced the term "Islamic fascism", while questioning "his opponent's ability to make the right decisions on national security at a time when 'our enemies are fully committed to our destruction.'"
Santorum sat at the Senate's candy desk for ten years and kept it stocked with Hershey’s chocolates, Peanut Chews and Hot Tamales.
Santorum was defeated 59% to 41% in the 2006 U.S. Senate election by Democratic candidate Bob Casey, Jr. This was the largest margin of defeat for an incumbent Senator since 1980.
In September 2005, Santorum gave a speech that outlined the successes and failures—but more centrally the future—of conservatism, at the Heritage Foundation's First International Conservative Conference on Social Justice. In November 2005, he adapted his speech into an op-ed piece for the political website Townhall.com outlining his vision for "Compassionate Conservatism".
The Associated Press reported that on July 20, 2006, Santorum stated that "Islamic fascism rooted in Iran is behind much of the world's conflict, but he is opposed to military action against the country", in a speech where he "also defended the treatment of prisoners in Guantanamo Bay." The senator indicated that "effective action against Iran" would require America's fighting "for a strong Lebanon, a strong Israel, and a strong Iraq."
On September 7, 2006, Santorum outlined his views on foreign policy in an op-ed piece for the ''Pittsburgh Post-Gazette'' and discussed Islamic fascism, closing with a rally cry:
Santorum has referred to his grandfather's historical encounter with Italian fascism as an inspiration for his 2012 presidential campaign.
Santorum has been active in addressing the issues of welfare reform and government accountability. He is a self-described conservative who favors restricting or prohibiting abortion. Santorum has said he is personally against abortion and has expressed disapproval of homosexuality, issues that he believes should be decided by elected officials rather than the Supreme Court: “what I’d like to do is have these kinds of incredibly important moral issues be decided by the American public, not by nine unelected, unaccountable judges.”
Though not included in the final version of the Act made law, the language from the amendment was included in a report attached to the Act known as the Conference Report. The Discovery Institute and many intelligent design proponents, including two Ohio Congressmen, have repeatedly invoked this to suggest that intelligent design should be included in public school science standards as an alternative to evolution.
In a 2002 ''Washington Times'' op-ed article Santorum wrote that intelligent design "is a legitimate scientific theory that should be taught in science classes." By 2005 Santorum had adopted the Discovery Institute's Teach the Controversy approach, stating in an interview with National Public Radio "I'm not comfortable with intelligent design being taught in the science classroom. What we should be teaching are the problems and holes, and I think there are legitimate problems and holes in the theory of evolution", a statement which mirrors the Teach the Controversy strategy, the most recent iteration of the intelligent design movement. The day after the ''Kitzmiller v. Dover Area School District'' decision that intelligent design is not science and is essentially religious in nature came down, Santorum announced that he was resigning from the advisory board of the Thomas More Law Center which had defended the Dover school board. Most recently Santorum wrote the foreword for the March 2006 book, ''Darwin's Nemesis: Phillip Johnson And the Intelligent Design Movement'' a collection of essays largely by Discovery Institute fellows honoring the "father" of the intelligent design movement, Phillip E. Johnson.
On April 14, 2005, Santorum introduced the National Weather Service Duties Act of 2005 to "clarify the duties and responsibilities of the National Oceanic and Atmospheric Administration and the National Weather Service (NWS), and for other purposes". This legislation, if enacted, would prohibit the NWS from publishing weather data to the public when private-sector entities, such as AccuWeather, a company based in Santorum's home state, perform the same function commercially. Accuweather employees have contributed at least $5500 to Santorum since 1999, according to the Federal Election Commission.
Opponents of this bill contend that weather data is collected at taxpayer expense, and therefore it should be made freely available to the public, and not provided solely to private corporations that will charge fees for access. They also claim that the vague language in the bill is an attempt to prevent the NWS from issuing free forecasts because such functions are currently provided by the private sector and would be considered competition.
The bill was never enacted or voted upon, dying in committee.
When questioned for his remarks, Santorum stated that they were intended not to equate homosexuality with incest and pedophilia, but rather as a critique of the specific legal position that the right to privacy prevents the government from regulating consensual acts among adults (such as bigamy, incest, etc.).
In protest of the remarks, syndicated columnist Dan Savage launched a contest among his readers in May 2003 to coin a new word "santorum" with an unflattering sexual definition, and followed this with a Google bombing campaign to spread the new term. Since 2004, Savage's Google bomb has regularly been the top search result for Santorum's surname, leading to what commentators have dubbed "Santorum's Google problem". Santorum has characterized the campaign as a "type of vulgarity" common on the Internet.
During the presidential debate held August 11, 2011, in Ames, Iowa, Santorum stated that the Iranian regime "tramples the rights of gays", suggesting that he opposes bias against gays as part of his general support for past U.S.-backed intervention in domestic Iranian politics.
These comments came to wider attention through an opinion column in the ''Philadelphia Daily News'' on June 24, 2005. Columnist John Baer cited Santorum's article, stating, "I'd remind you this is the same Senate leader who recently likened Democrats fighting to save the filibuster to Nazis."
Santorum's remarks were criticized, especially in Massachusetts. On July 12, 2005, ''Boston Globe'' columnist Brian McGrory called on Santorum to explain his statement, and reported that Robert Traynham, Santorum's Director of Communications, told him "It's an open secret that you have Harvard University and MIT that tend to tilt to the left in terms of academic biases. I think that's what the senator was speaking to." Julie Teer, a spokeswoman for Governor of Massachusetts, Republican Mitt Romney, said "What happened with the church sex abuse scandal was a tragedy, but it had nothing to do with geography or the culture of Boston."
Later that day, Senator Ted Kennedy (D-Massachusetts) delivered a personal rebuke to Santorum on the Senate floor, saying "The people of Boston are to blame for the clergy sexual abuse? That is an irresponsible, insensitive and inexcusable thing to say." Santorum has stood by his 2002 article and has not apologized.
On July 21, 2005, Rush Limbaugh interviewed Santorum about Kennedy's speech. Santorum said that he was being targeted by the Democratic Senatorial Campaign Committee, which, he said, coordinated with the media to publicize Kennedy's speech. He argued that his statement about Boston was taken out of context from an article he had written three years earlier. Santorum agreed with Limbaugh's summary that it was "no surprise that the center of the Catholic Church abuse took place in very liberal, or perhaps the nation's most liberal area, Boston." Santorum reiterated his broader theme of a cultural connection, saying that it is "no surprise that the culture affects people's behavior. [...] the liberal culture—the idea that [...] sexual inhibitions should be put aside and people should be able to do whatever they want to do, has an impact on people and how they behave." When asked why Boston specifically was mentioned, Santorum pointed out that, in July 2002, the outrage of American Catholics, as well as his own, was focused on the Archdiocese of Boston.
The campaign of Bob Casey, Jr., his Democratic opponent for the Senate, criticized Santorum's remarks.
On September 6, in a follow-up interview with WTAE, Santorum said,
On September 8, during an interview with public-radio station WITF-FM, in Harrisburg, Pennsylvania, Santorum said
Santorum was the sponsor of legislation proposed to ''prevent'' the National Weather Service from issuing those warnings, thus competing with private-sector weather services, as discussed above.
Santorum added a synthetic-fuel tax-credit amendment to a larger bill introduced in the Senate by Charles Grassley, the Iowa Republican who headed the Senate Finance Committee. ''Time Magazine'' called this tax-credit scheme "a multibillion-dollar scam." The amendment was inserted in the Tax Relief Act of 2006, which provides aid for Hurricane Katrina victims and sets new policies for tax-exempt groups.
At the time the issue arose, Santorum's five older children attended the Western Pennsylvania Cyber Charter School, with 80 percent of tuition costs paid by the Penn Hills School District. At a meeting in November 2004, the Penn Hills School District announced that it did not believe Santorum met the qualifications for residency status, because he and his family spent most of the year in Virginia. They demanded repayment of tuition costs totaling $67,000.
When news reports showed Sen. Santorum was renting his Penn Hills home, Santorum withdrew his five children from the cyber education program that Penn Hills School District paid for. That saved Penn Hills taxpayers about $38,000 a year. Although Santorum said he would make other arrangements for his children's education, he insisted that he did not owe the school board any back tuition. Once the controversy surfaced, the children were withdrawn from the cyber school and were then home schooled.
On July 8, 2005, a Pennsylvania state hearing officer had ruled that the Penn Hills School District had not filed objections to Santorum's residency in a timely manner and dismissed the complaint. Santorum hailed the ruling as a victory against what he termed "baseless and politically motivated charges". Santorum told reporters that "[n]o one's children—and especially not small, school-age children—should be used as pawns in the 'politics of personal destruction.'" In the 2006 senate campaign, Santorum ran television commercials with Santorum's son saying "My dad's opponents have criticized him for moving us to Washington so we could be with him more."
In September 2006, the Pennsylvania Department of Education agreed to pay the district $55,000 to settle the dispute over money withheld from the district to pay for the children of U.S. Senator Rick Santorum to attend a cyber charter school.
The matter rose again in May 2006. Santorum has said that his family stays during holidays and at times on weekends at the Penn Hills house. But the ''Progress'' reported in May that the house appeared unoccupied, and Casey's campaign noted that in a press release. Santorum then accused Casey's campaign of supporting trespassing on his property, saying of Casey "Now that he is a nominee, it is time for him to start acting like a candidate instead of a thug." Casey, in a statement, called the charges "false and malicious." His campaign, in a news release, described Santorum's actions as "weirdness".
In September 2006, Santorum formally asked that the county remove the homestead tax exemption from his Penn Hills residence. He said that he had made similar requests to county officials in conversations in 2005 and earlier in 2006, but to no avail. In his letter, Santorum insisted that he was entitled to the exemption, which is worth about $70 annually, but chose not to take advantage of it because of the political dispute. While homeowners in the county are eligible for a tax savings averaging $70 a year on their primary residences, the county council president noted that Santorum had "said during a televised debate that he spends about 30 days in his Penn Hills house each year.".
Allegheny County Election Office records indicate that, while a registered voter in the county, Santorum had since 1995 voted absentee.
The only way for Santorum to not pay for his children's private education was to enroll them in the Penn Hills School District. Virginia state law only requires local school districts to pay for private school tuition fee when a student has disabilities and enrolls in a school that can satisfy his or her needs, according to Charles Pyle, Virginia Department of Education spokesman. Otherwise, children in Virginia must attend their local public schools.
Santorum's supporters have said that the controversy is politically motivated because the school board is controlled by Democrats (Erin Vecchio, the school board member who first publicly raised the issue, is the chair of the local Democratic Party). They also have said that since Santorum votes in Penn Hills and pays property and school taxes there, he is entitled to the same privileges as any other Penn Hills resident and should not be deprived of these privileges as a result of his service in the U.S. Senate. Non-residency issues have raised questions of hypocrisy, in that Santorum had previously castigated Representative Doug Walgren for moving away from his district.
Santorum's declaration was based, in part, on declassified portions of a classified report from the National Ground Intelligence Center of the U.S. Army Intelligence and Security Command. Portions were declassified in a summary that made six key points:
In 1996, as a U.S. senator, Santorum served as Chairman of the Republican Party Task Force on Welfare Reform.. The legislation that became the Welfare Reform Act of 1996 written by Florida congressman E. Clay Shaw, Jr., passed with overwhelming bipartisan support and was signed into law by President Bill Clinton.
Though not a named author of the special Schiavo legislation, Santorum played a key role in shepherding the bill through the Senate to a vote on March 20, 2005. Santorum has frequently stated that he does not believe a "right to privacy" exists under the Constitution, even within marriage; he has been especially critical of the Supreme Court decision in ''Griswold v. Connecticut'' (1965), which held that the Constitution guaranteed the aforementioned right, and on that basis, overturned a law prohibiting the sale and use of contraceptives.
Santorum is also a supporter of partial privatization of Social Security. Since the 2004 presidential election, Santorum has held forums across Pennsylvania on the topic.
In 2005, Santorum sponsored the Iran Freedom and Support Act, which appropriated $10 million aimed at regime change in Iran. The Act passed with overwhelming support. However, Santorum nevertheless voted against the Lautenberg amendment which would have closed the loophole which allows companies like Halliburton to do business with Iran through their foreign affiliates.
In reference to the Iraq war in 2006, Santorum drew an analogy with ''The Lord of the Rings'' in one of his addresses:
Santorum informed senator John Ensign that Ensign's affair with a staff member was about to become publicly known.
Republican strategists took as a bad omen Santorum's primary result in 2006, in which he ran unopposed for the Republican nomination. Republican gubernatorial nominee Lynn Swann, also unopposed, garnered 22,000 more votes statewide than Santorum in the primary, meaning thousands of Republican voters abstained from endorsing Santorum for another Senate term. This may have been partly due to Santorum's support for Arlen Specter, over Congressman Pat Toomey in the 2004 Republican primary for the U.S. Senate. Even though Santorum is only slightly less conservative than Toomey, he joined virtually all of the state and national Republican establishment in supporting the moderate Specter. This led many socially and fiscally conservative Republicans to consider Santorum's support of Specter to be a betrayal of their cause.
On May 22, 2006, the polling firm Rasmussen Reports declared that Santorum was the "most vulnerable incumbent" among the Senators running for re-election. However, in August 2006, polling showed Santorum with his highest approval rating in months, 48 percent, a twelve-point jump between July and August. Nearly as many Pennsylvanians, 45 percent, said they had an unfavorable view of the Senator.
For most of the campaign, Santorum was behind by 15 points or more. Most polls during the summer of 2006 showed the race between Casey and Santorum becoming increasingly competitive, but a poll released by Quinnipiac University on September 26 showed Casey's margin ballooning back to a double-digit lead.
One day before the Quinnipiac poll was released, a Pennsylvania state judge ruled against a potential third-party candidate, Carl Romanelli of the Green Party. Romanelli fell about 8,900 petition signatures shy of the threshold needed to be placed on the statewide ballot in November. On October 4, 2006, the Pennsylvania State Supreme Court also rejected Romanelli's legal challenge. This was a potential blow to the Santorum campaign, as Romanelli was expected to siphon off some Casey voters.
There is also some question as to whether Romanelli and Pennsylvania's Green Party violated federal election laws when they accepted tens of thousands of dollars in donations from people also backing Santorum's campaign.
Santorum found himself mired in controversy over his residency. For many years, he has maintained a modest home in Penn Hills, a suburb of Pittsburgh, which he claims as his official residence. However, his family lived in the Virginia suburbs of Washington when the Senate was in session. Since this meant Santorum spent most of the year away from Pennsylvania, critics argued it was not unlike the living arrangements he denounced in his 1990 House race against Walgren. Santorum accused Walgren of being out of touch with his Pittsburgh-area district, symbolized by his home in the Virginia suburbs. On NBC's Meet the Press on September 3, 2006, Santorum admitted that he only spends "maybe a month a year, something like that" at his Pennsylvania residence.
Santorum also drew criticism for enrolling five of his six children in an online "cyber school" in Pennsylvania's Allegheny County (home to Pittsburgh and most of its suburbs), despite the fact the children lived in Virginia. The Penn Hills School District was billed $73,000 in tuition for the cyber classes.
At least one of Santorum's television ads called into question his campaign's use of the facts regarding Casey and persons who have donated money to the Casey campaign. According to the ad, some of the persons who have given Casey money are or have been under investigation for various crimes. An editorial in Casey's hometown newspaper, ''The Scranton Times-Tribune'', points out that all but one of the contributions "[was] made to Casey campaigns when he was running for other offices, at which time none of the contributors were known to be under investigation for anything." In fact, two of the persons cited in the Santorum campaign ad had actually given contributions to Mr. Santorum's 2006 Senate campaign. Another died in 2004. However, the Santorum campaign pointed out that the money the Santorum campaign received from those donors was not kept by the campaign, but rather donated to educational institutions.
A heated debate between the candidates occurred on October 11, 2006. There, according to coverage by ''Pittsburgh Post-Gazette'', the candidates appeared "less statesmanlike than either Gov. Ed Rendell or challenger Lynn Swann, who had debated each other in Pittsburgh the [previous] week".
In late October, during the Lebanon County Republican Committee’s annual dinner at the Lantern Lodge, Santorum said "If we are not successful here and things don’t go right in the election, there’s a good chance that the course of our country could change." "We are in the equivalent of the late 1930s, and this election will decide whether we are going to continue to appease or whether we will stand and fight while we have a chance to win without devastating consequences."
Santorum on August 28 gave a speech to Pennsylvania media at the Pennsylvania Press Club luncheon in Harrisburg (which he earlier gave to the National Club) claiming that terrorist attacks on America by "radical Islamists" were part of a more than three-century-old plot to restore Shia clerics to power and bring "the 12th Imam" out of hiding. He said, according to the online news service, Capitolwire: “They believe, as all Shias do, in the Hidden Imam, the 12th Imam," the 12th descendant in a straight line from Mohammed the Prophet, who disappeared in 874, at the age of 5. “The Shia believe that he is the Messiah and he is in hiding and that he will return. … They believe … he will return with radical Islam, when Shia dominates the world. Well, for over 1,000 years, ... the East and West fought, up until 1683 ... In 1683, not that long ago, the Islamists had surrounded the gates of Vienna and were on the verge of toppling it after a siege; ... but the West united, and led by the Poles, [King] John Sobieski and the Polish Hussars defeated [the Arab forces] in a one-day battle on the plains outside Vienna. “What was the high-water mark of this 1,000-year war? It was the day before. What was the date the day before? Sept. 11, 1683.”
This speech eventually led to Santorum launching a tour called "The Gathering Storm," comparing himself to the British Prime Minister Winston Churchill, who alerted his nation and the world to the Nazi menace in the 1930s, and then fought with America, Russia and others to defeat the Germans, Italians and Japan in World War II in the 1940s. The Associated Press' Jennifer Yates wrote on Oct. 27 that Santorum said: "This is a moment, a critical crossroads in American history," as she noted that "Santorum, who invoked Winston Churchill's memoir – "The Gathering Storm" – about the causes of World War II" then told her and audiences: "The parallel is so profound."
Days before, Yates reported, Santorum said: Casey's election and that of other Democrats trying to take over the U.S. House and Senate would be "a disaster for the future of the world."
On the Sunday before the election, Casey responded to the comment, telling Capitolwire: "Who runs a campaign like that? No one believes terrorists are going to be more likely to attack us, because I defeat Rick Santorum. Does even he believe that?"
Santorum wrote that many women have disclosed to him that it is more "socially affirming to work outside the home than to give up their careers to take care of their children.... What happened in America so that mothers and fathers who leave their children in the care of someone else – or worse yet, home alone after school between three and six in the afternoon – find themselves more affirmed by society? Here, we can thank the influence of radical feminism." Polls showed many female voters resented this description of why they worked, especially Republican and independent women whose abandonment of Santorum doomed his campaign, reported the online news service Capitolwire, based in Harrisburg. In a question-and-answer session on Aug. 28 at the Pennsylvania speech, Santorum tried again to address the issue and said his problem was that federal taxes now consumed 27 percent of family wages, and the second wage earner in most families made only 25 percent of the first's wages.
“First, I would say, read the book and I think if you read the book, you can answer the question yourself. Because anyone who has read the book instead of the comments pulled out by the Democratic National Committee about the book, which was four sentences, by the way, in a 430-page book, … would tell you I am supportive of families in a variety of different ways. ... What does the average second-earner in the family make? Twenty five percent of the first earner. ... Because of our tax code, we make it virtually impossible to maintain a standard of living and at the same time, be home with your children. ... Number two, look, I believe that women should have choices when it comes to the workforce. And they should be real choices. "And look, I came from a family where my mother worked, all her life, made more money than my dad (N.B.: his mother and father were a registered nurse and psychiatrist, respectively). I have more people working in my office who are women, in senior policy positions, than men. So I don’t have a hang-up with women working. I do have a hang-up with the government and others in society not nurturing, supporting and encouraging parents to be home with their kids when they need to be home. And I think we need to do more as a society to help them.”
In the November election, Santorum lost, with 41% of the vote to Casey's 59%, the largest margin of defeat ever for an incumbent Republican Senator in Pennsylvania.
In March 2007 Santorum joined Eckert Seamans Cherin & Mellott, LLC, where he primarily practiced law in the firm's Pittsburgh and Washington, D.C. offices providing business and strategic counseling services to the firm's clients. He also joined the Ethics and Public Policy Center, a D.C.-based conservative think tank. Santorum was also a contributor on the Fox News Channel. Santorum also writes an Op/Ed piece titled "The Elephant in the Room" for the Commentary Page of the Philadelphia Inquirer. Santorum told the ''Pittsburgh Tribune-Review'' that he would address many geopolitical issues, and then joked, "I don't do Anna Nicole Smith, that's all." After leaving the Senate, Santorum joined the Board of Directors of Universal Health Services, a hospital management company based in King of Prussia, Pennsylvania.
On February 1, 2008, Santorum said he would vote for Mitt Romney in the 2008 Presidential Republican primary race, stating: "If you're a Republican, if you're a Republican in the broadest sense, there is only one place to go right now and that's Mitt Romney.". He has criticized John McCain, questioning his pro-life voting record and whether Sen. McCain holds true conservative values. In September 2008, Santorum expressed support for McCain, citing Sarah Palin as a step in the right direction: "Knowing McCain, he's choosing someone in whom he sees a lot of himself...He tries to find people who have a similar head as he does, and if he sees him in [Palin]...that gives me a better feel for him and a little more confidence in him." In 2011 he said McCain, who was tortured as a prisoner of war, did not understand how the "enhanced interrogation" process works.
On April 12, 2007, political action committee America's Foundation, Highmark and a former Highmark vice president were fined by the Federal Election Committee for sponsoring Santorum with corporate money. The problem had been reported by Highmark, which uncovered the matter during an internal review.
Santorum was mentioned as a candidate for Governor of Pennsylvania in 2010. At one point, he was said to have "quietly but efficiently put his fingerprints on a wide-array of conservative causes in the state." However, Santorum declined to seek the gubernatorial nomination and instead endorsed eventual winner Tom Corbett.
In the fall of 2009, Santorum hinted that he was considering a run for the Republican nomination for President of the United States in the 2012 presidential election. On September 11, 2009, Santorum spoke to a group of Catholic leaders in Orlando, Florida and told them, "I hate to be calculating, but I see that 2012 is not just throwing somebody out to be eaten, but it's a real opportunity for success." He scheduled various appearances with political non-profit organizations that took place in Iowa.
Santorum repeated his consideration of a 2012 run in an e-mail and letter sent on January 15, 2010 to supporters of his political action committee, saying, "After talking it over with my wife Karen and our kids – I am considering putting my name in for the 2012 presidential race. I'm convinced that conservatives need a candidate who will not only stand up for our views, but who can articulate a conservative vision for our country's future," he wrote. "And right now, I just don't see anyone stepping up to the plate. I have no great burning desire to be president, but I have a burning desire to have a different president of the United States". He formed a presidential exploratory committee on April 13, 2011.
Santorum formally announced his run for the Republican presidential nomination on ABC's ''Good Morning America'' on June 6, 2011, saying he's "in it to win."
{{U.S. Senator box | before=Harris Wofford | state=Pennsylvania | class=1 | years=1995–2007 | alongside=Arlen Specter | after=Bob Casey, Jr.}}
Category:1958 births Category:American political writers Category:American people of Italian descent Category:American Traditionalist Catholics Category:American writers of Italian descent Category:Animal rights advocates Category:College Republicans Category:Dickinson School of Law alumni Category:Intelligent design advocates Category:Knights of Malta Category:Living people Category:Members of the United States House of Representatives from Pennsylvania Category:Pennsylvania State University alumni Category:Pennsylvania lawyers Category:Pennsylvania Republicans Category:People from Winchester, Virginia Category:The Philadelphia Inquirer people Category:Politicians from Pittsburgh, Pennsylvania Category:Republican Party United States Senators Category:Traditionalist Catholic writers Category:United States Senators from Pennsylvania Category:United States presidential candidates, 2012 Category:University of Pittsburgh alumni Category:Writers from Pittsburgh, Pennsylvania Category:Writers from Virginia
de:Rick Santorum es:Rick Santorum fr:Rick Santorum it:Rick Santorum la:Ricardus Iohannes Santorum nl:Rick Santorum ja:リック・サントラム pl:Rick Santorum ru:Санторум, Рик fi:Rick Santorum sv:Rick Santorum zh:里克·桑托勒姆This text is licensed under the Creative Commons CC-BY-SA License. This text was originally published on Wikipedia and was developed by the Wikipedia community.
Name | Mitt Romney |
---|---|
Alt | Portrait of Mitt Romney |
Order | 70th |
Office | Governor of Massachusetts |
Term start | January 2, 2003 |
Term end | January 4, 2007 |
Lieutenant | Kerry Healey |
Predecessor | Paul Cellucci (Governor)Jane Swift (acting) |
Successor | Deval Patrick |
Birth date | March 12, 1947 |
Birth place | Detroit, Michigan |
Birthname | Willard Mitt Romney |
Nationality | American |
Party | Republican |
Residence | Belmont, MassachusettsWolfeboro, New HampshireSan Diego, California |
Spouse | |
Children | Tagg (b. 1970) Matt (b. 1971) Josh (b. 1975) Ben (b. 1978) Craig (b. 1981) |
Alma mater | Brigham Young University (B.A.)Harvard Law School (J.D.)Harvard Business School (M.B.A.) |
Profession | Businessman, politician, author |
Religion | The Church of Jesus Christ of Latter-day Saints (Mormon) |
Signature | Mitt Romney Signature.svg }} |
Romney is the son of George W. Romney (the former Governor of Michigan) and Lenore Romney. He was raised in Bloomfield Hills, Michigan and then 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, eventually serving as its CEO to lead it out of crisis. He was also co-founder and head of the spin-off company Bain Capital, a private equity investment firm which became highly profitable and one of the largest such firms in the nation, and the wealth Romney accumulated there would help fund all of his future political campaigns. He ran as the Republican candidate in the 1994 U.S. Senate election in Massachusetts but lost 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 won the election for Governor of Massachusetts in 2002, but did not seek reelection in 2006. During his term, 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 caucus and primary contests, though he ultimately lost the nomination to John McCain. In the following years he published ''No Apology: The Case for American Greatness'' and 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 as a front-runner in the race.
When he was five, the family moved from Detroit to the affluent suburb of Bloomfield Hills. His father became CEO of American Motors and turned the company around from the brink of bankruptcy; by the time he was twelve, his father had become a nationally known figure in print and on television. Romney idolozed his father, read automotive trade magazines, kept abreast of automotive developments, and aspired to be an executive in the industry himself one day. His father also presided over the Detroit Stake of The Church of Jesus Christ of Latter-day Saints to which the family belonged. Romney went to public elementary schools and then from seventh grade on, attended Cranbrook School in Bloomfield Hills, a private boys preparatory school of the classic mold where he was the lone Mormon and where many students came from even more privileged backgrounds. He was not particularly athletic and at first did not excel at academics. While a sophomore, he participated in the campaign in which his father was elected Governor of Michigan. George Romney was re-elected twice; Mitt worked for him as an intern in the governor's office, and was present at the 1964 Republican National Convention when his moderate father battled conservative party nominee Barry Goldwater over issues of civil rights and ideological extremism. Romney had a steady set of chores and worked summer jobs, including being a security guard at a Chrysler plant.
Initially a manager for the ice hockey team and a pep squad member, during his final year at Cranbook, Romney joined the cross country running team and improved academically, but was still not a star pupil. His social skills were strong, however, and he won an award for those "whose contributions to school life are often not fully recognized through already existing channels." Romney was an energetic child who enjoyed pranks.|group="nb"}} In March of his senior year, he began dating Ann Davies, two years behind him, whom he had once known in elementary school; she attended the private Kingswood School, the sister school to Cranbrook. The two informally agreed to marriage around the time of his June 1965 graduation.
In July 1966, Romney left for 30 months in France as a Mormon missionary, a traditional duty that his father and other relatives had done. He arrived in Le Havre with ideas about how to change and promote the French Mission, while facing physical and economic deprivation in their cramped quarters. Rules against drinking, smoking, and dating were strictly enforced. Like most Mormon missionaries, he did not gain many converts, with the nominally Catholic but secular, wine-loving French people proving especially resistant to a religion that prohibits alcohol. He became demoralized, and later recalled it as the only time when "most of what I was trying to do was rejected." In Nantes, Romney was bruised defending two female missionaries against a horde of local rugby players. He continued to work hard; having grown up in Michigan rather than the more insular Utah world, Romney was better able to interact with the French. He was promoted to zone leader in Bordeaux in early 1968 and subsequently became assistant to the mission president in Paris, the highest position for a missionary. Romney's support for the U.S. role in the Vietnam War were only reinforced when the French greeted him with hostility over the matter and he debated them in return. He also witnessed the May 1968 general strike and student uprisings.
In June 1968, an automobile Romney was driving in southern France was hit by another vehicle, seriously injuring him and killing one of his passengers, the wife of the mission president. As they drove through the village of Bernos-Beaulac, a Mercedes that was passing a truck missed a curve and suddenly swerved into the opposite lane and hit the Citroën DS Romney was driving in a head-on collision. Trapped between the steering wheel and door, the unconscious and seriously injured Romney had to be pried from the car; a French police officer mistakenly wrote ''Il est mort'' in his passport. The wife of the mission president was killed and other passengers were seriously injured as well. George Romney relied on his friend Sargent Shriver, the U.S. Ambassador to France, to go to the local hospital and discover that Mitt had survived. The fault for the accident was attributed completely to the driver of the other vehicle. Romney had suffered broken ribs, a fractured arm, a concussion, and facial injuries, but recovered quickly without needing surgery.|name="nb-acc"|group="nb"}} Fault for the accident was attributed completely to the other driver. After recovering, Romney became co-acting president of a mission demoralized and disorganized by the May civil disturbances and the car accident. Romney rallied and motivated the others and they met an ambitious goal of 200 baptisms for the year, the most for the mission in a decade. By the end of his stint in December 1968, Romney was overseeing the work of 175 fellow members. The experience in France changed Romney. It showed him the fragility of life and the need for a seriousness of purpose, and he gained a capacity for organization and a record of success that he had theretofore lacked. It also represented a crucible, after having been only a half-hearted Mormon growing up: "On a mission, your faith in Jesus Christ either evaporates or it becomes much deeper. For me it became much deeper."
While he was away, Ann Davies had converted to the LDS Church, guided by George Romney, and had begun attending Brigham Young University. Mitt was nervous that she had been wooed by others while he was away, and indeed she had dated others, but at their first meeting following his return they reconnected and agreed to quickly get married. That happened on March 21, 1969, in a Bloomfield Hills civil ceremony presided over by a church elder; the following day the couple flew to Utah for a wedding ceremony at the Salt Lake Temple.
Romney began attending Brigham Young too. He had missed much of the tumultuous American anti-Vietnam War movement while away, and was surprised to learn that his father had turned against the war during his ill-fated 1968 presidential campaign. Regarding the military draft, Romney had initially gotten a student deferment, then like most other Mormon missionaries had received a ministerial deferment while in France, then got another student deferment. When those ran out, his high number in the December 1969 draft lottery (300) meant he would not be selected.
At culturally conservative Brigham Young, Romney continued to be separated from much of the upheaval of the era, and did not join the few protests against the war or the LDS Church's policy against giving full membership to blacks. He became president and successful fundraiser for the all-male Cougar Club and showed a new-found discipline in his studies. In his senior year he took leave to work as driver and advance man for his mother Lenore Romney's eventually unsuccessful 1970 campaign for U.S. Senator from Michigan. He graduated from Brigham Young in 1971, earning a Bachelor of Arts in English and giving commencement addresses to both his own College of Humanities and to the whole university.
The Romneys' first son, Tagg, was born in 1970 while both were undergraduates at Brigham Young and living in a basement apartment. They subsequently welcomed Matt (1971), Josh (1975), Ben (1978), and Craig (1981). Ann Romney's work as a stay-at-home mom would enable her husband to pursue his career.
Romney still wanted to pursue a business path, but his father, by now serving in President Richard Nixon's cabinet as U.S. Secretary of Housing and Urban Development, advised that a law degree would be valuable. Thus Romney became one of only 15 students to enroll at the recently created joint Juris Doctor/Master of Business Administration four-year program coordinated between Harvard Law School and Harvard Business School. Fellow students noted Romney's strong work ethic and buttoned-down appearance; he lived in a Belmont, Massachusetts house with Ann and by now two children. He graduated in 1975 ''cum laude'' from the law school, in the top third of that class, and was named a Baker Scholar for graduating in the top five percent of his business school class.
In 1977, he was hired away by Bain & Company, a management consulting firm in Boston that had been formed a few years earlier by Bill Bain and other former BCG employees. Bain would later say of the thirty-year-old Romney, "He had the appearance of confidence of a guy who was maybe ten years older." With Bain & Company, Romney proved adept at learning the "Bain way", which consisted of immersing itself in each client's business, and not simply to issue recommendations, but to stay with the company until they were effectively changed for the better. With a record of success with clients such as the Monsanto Company, Outboard Marine Corporation, Burlington Industries, and Corning Incorporated, Romney became a vice president of the firm in 1978 and within a few years one of its best consultants. Romney became a firm believer in Bain's methods; he later said, "The idea that consultancies should not measure themselves by the thickness of their reports, or even the elegance of their writing, but rather by whether or not the report was effectively implemented was an inflection point in the history of consulting."
thumb|right|Logo of company that Romney co-foundedRomney was restless for a company of his own to run, and in 1983 Bill Bain offered him the chance to head a new venture that would buy into companies, have them benefit from Bain techniques, and then reap higher rewards than just consulting fees. Romney was initially cautious about accepting the offer, and Bain re-arranged the terms in a complicated partnership structure so that there was no financial or professional risk to Romney. Thus, in 1984, Romney left Bain & Company to co-found the spin-off private equity investment firm, Bain Capital. Bain and Romney spent a year raising the $37 million in investment money needed to start the new operation, which had fewer than ten employees. As general partner of the new firm, Romney was frugal and cautious, spending little on office appearance and finding the weak spots in so many potential deals that by 1986, very few had been done. At first, Bain Capital focused on venture capital opportunities. Their first big success came with a 1986 investment to help start Staples Inc., after founder Thomas G. Stemberg convinced Romney of the market size for office supplies; Bain Capital eventually reaped a nearly sevenfold return on its investment, and Romney sat on the Staples board of directors for over a decade.
Romney soon switched Bain Capital's focus from startups to the relatively new business of leveraged buyouts: buying existing firms with money mostly borrowed against their assets, partnering with existing management to apply the "Bain way" to their operations (rather than the hostile takeovers practiced in other leverage buyout scenarios), and then selling them off in a few years. Bain Capital lost most of its money in many of its early leveraged buyouts, but then started finding successes with spectacular returns. Indeed, during the 14 years Romney headed the company, Bain Capital's average annual internal rate of return on realized investments was 113 percent. Romney excelled at presenting and selling the deals the company made. The firm initially gave a cut of its profits to Bain & Company, but Romney later persuaded Bain to give that up.
The firm successfully invested in or acquired many well-known companies such as Accuride, Brookstone, Domino's Pizza, Sealy Corporation, Sports Authority, and Artisan Entertainment, as well as lesser-known companies in the industrial and medical sectors. Romney's cautious instincts were still in force at times; he wanted to drop a Bain Capital hedge fund that initially lost money, but other partners prevailed and it eventually gained billions. He also personally opted out of the Artisan Entertainment deal, not wanting to profit from a studio that produced R-rated films. Romney was on the board of directors of Damon Corporation, a medical testing company later found guilty of defrauding the government; Bain Capital tripled its investment before selling off the company, with the fraud being discovered by the new owners (Romney was never implicated). In some cases Romney had little involvement with a company once acquired.
Bain Capital's leveraged buyouts sometimes led to layoffs, either soon after acquisition or later after the firm had left. Bain Capital officials later said that overall, more jobs were added than lost due to these buyouts. In any case, maximizing the value of acquired companies and the return to Bain's investors, not job creation, was the firm's fundamental goal, as it was for most private equity operations. Regarding job losses, Romney later said, "Sometimes the medicine is a little bitter but it is necessary to save the life of the patient. My job was to try and make the enterprise successful, and in my view the best security a family can have is that the business they work for is strong." Bain Capital's acquisition of Ampad exemplified a deal where it profited handsomely from early payments and management fees, even though the subject company itself ended up going into bankruptcy. Bain was among the private equity firms that took the most such fees, and more cases happened as Romney was leaving the firm. He said in retrospect, "It is one thing that if I had a chance to go back I would be more sensitive to. It is always a balance. Great care has got to be taken not to take a dividend or a distribution from a company that puts that company at risk. [Having taken a big payment from a company that later failed] would make me sick, sick at heart."
In 1990, Romney was asked to return to Bain & Company, which was facing financial collapse. He was announced as its new CEO in January 1991 (but drew only a symbolic salary of one dollar). Romney managed an effort to restructure the firm's employee stock-ownership plan, real-estate deals and bank loans, while rallying the firm's thousand employees, imposing a new governing structure that included Bain and the other founding partners giving up control, and increasing fiscal transparency. Within about a year, he had led Bain & Company through a highly successful turnaround and returned the firm to profitability without further layoffs or partner defections. He turned Bain & Company over to new leadership and returned to Bain Capital in December 1992.
During his years in business, Romney tithed by giving millions of dollars to the LDS Church. He served as ward bishop for Belmont from 1984 to 1986, acting as the ecclesiastical and administrative head of his congregation. From 1986 to 1994 he presided over the Boston Stake, which included more than a dozen congregations in eastern Massachusetts.
Romney left Bain Capital in February 1999 to serve as the President and CEO of the 2002 Salt Lake City Olympic Games Organizing Committee. By that time, Bain Capital was on its way to being one of the top private equity firms in the nation, having increased its number of partners from 5 to 18, having 115 employees overall, and having $4 billion under its management. Bain Capital's approach of applying consulting expertise to the companies it invested in became widely copied within the private equity industry. His experience at Bain & Company and Bain Capital gave Romney a business-oriented world view – centering around a hate of waste and inefficiency, a love for data and charts and analysis and presentation, and a belief in keeping an open mind and seeking opposing points of view – that he would take with him to the public sector. As a result of his business career, by 2007 Romney and his wife had a net worth of between $190 and $250 million, most of it held in blind trusts. Although gone, Romney received a passive profit share as a retired partner in some Bain Capital entities. An additional blind trust existed in the name of the Romneys' children and grandchildren that was valued at between $70 and $100 million as of 2007. The couple's net worth remained in the same range as of 2011, and was still held in blind trusts.
Romney came from behind to win the Massachusetts Republican Party's nomination for U.S. Senate after buying substantial television time to get out his message, gaining overwhelming support in the state party convention, and then defeating businessman John Lakian in the September 1994 primary with over 80 percent of the vote. In the general election, Kennedy faced the first serious re-election challenger of his career in the young, telegenic, and very well-funded Romney. Romney ran as a fresh face, as a successful entrepreneur who stated he had created ten thousand jobs, and as a Washington outsider with a strong family image and moderate stands on social issues. Romney stated: "Ultimately, this is a campaign about change." After two decades out of public view, his father George re-emerged during the campaign as well.
Romney's campaign was effective in portraying Kennedy as soft on crime, but had trouble establishing its own positions in a consistent manner. By mid-September 1994, polls showed the race to be approximately even. Kennedy responded with a series of attack ads, which focused both on Romney's seemingly shifting political views on issues such as abortion and on the treatment of workers at a paper products plant owned by Romney's Bain Capital. Kennedy and Romney held a widely watched late October debate without a clear winner, but by then Kennedy had pulled ahead in polls and stayed ahead afterward. Romney spent over $7 million of his own money, with Kennedy spending more than $10 million from his campaign fund, mostly in the last weeks of the campaign (this was the second-most expensive race of the 1994 election cycle, after the Dianne Feinstein–Michael Huffington Senate race in California).
In the November general election, despite a disastrous showing for Democrats overall, Kennedy won the election with 58 percent of the vote to Romney's 41 percent, the smallest margin in Kennedy's eight re-election campaigns for the Senate.
Before Romney came on, the event was running $379 million short of its revenue benchmarks. Plans were being made to scale back the games to compensate for the fiscal crisis and there were fears the games might be moved away entirely. The Games had also been damaged by allegations of bribery involving top officials, including prior Salt Lake Olympic Committee president and CEO Frank Joklik. Joklik and committee vice president Dave Johnson were forced to resign. Romney's appointment faced some initial criticism from non-Mormons, and fears from Mormons, that it represented cronyism or gave the games too Mormon an image.
Romney revamped the organization's leadership and policies, reduced budgets, and boosted fund raising. He soothed worried corporate sponsors and recruited many new ones. He admitted past problems, listened to local critics, and rallied Utah's citizenry with a sense of optimism. Romney worked to ensure the safety of the Games following the September 11, 2001 terrorist attacks by ignoring those who suggested the games be called off and coordinating a $300 million security budget. He became the public face of the Olympic effort, appearing in countless photographs and news stories and even on Olympics souvenir pins. Romney's omnipresence irked those who thought he was taking too much of the credit for the success, or had exaggerated the state of initial distress, or was primarily looking to improve his own image. Overall he oversaw a $1.32 billion budget, 700 employees, and 26,000 volunteers.
Despite the initial fiscal shortfall, the Games ended up clearing a profit of $100 million, not counting the $224.5 million in security costs contributed by outside sources. Romney broke the record for most private money raised by any individual for an Olympics games, summer or winter. His performance as Olympics head was rated positively by 87 percent of Utahns. Romney and his wife contributed $1 million to the Olympics, and he donated to charity the $1.4 million in salary and severance payments he received for his three years as president and CEO.
Romney was widely praised for his successful efforts with the 2002 Winter Olympics including by President George W. Bush, and it solidified his reputation as a turnaround artist. Harvard Business School taught a case study based around Romney's successful actions. Romney wrote a book about his experience titled ''Turnaround: Crisis, Leadership, and the Olympic Games'', published in 2004. The role gave Romney experience in dealing with federal, state, and local entities, a public persona he had previously lacked, and the chance to re-launch his political aspirations. Indeed, he was mentioned as a possible candidate for statewide office in both Massachusetts and Utah, and also as possibly joining the Bush administration.
Massachusetts Democratic Party officials contested Romney's eligibility to run for governor, citing residency issues involving Romney's time in Utah as president of the Salt Lake City Olympic Committee. In June 2002, the Massachusetts State Ballot Law Commission unanimously ruled that Romney was eligible to run for office.
Romney ran as a political outsider again. Supporters of Romney hailed his business record, especially his success with the 2002 Olympics, as the record of someone who would be able to bring a new era of efficiency into Massachusetts politics. The campaign was the first to use microtargeting techniques, in which fine-grained groups of voters were reached with narrowly tailored messaging. Romney contributed over $6 million to his own campaign during the election, a state record at the time. Romney was elected Governor in November 2002 with 50 percent of the vote over his Democratic opponent, Massachusetts State Treasurer Shannon O'Brien, who received 45 percent.
thumb|left|upright|alt=Mitt Romney resting on a wooden desk, flanked by an American flag, a picture of his wife, a lamp, and a painting of mountains|Official Massachusetts State House portrait of Governor Mitt Romney, by artist [[Richard Whitney (artist)|Richard Whitney]]Romney supported raising various fees by more than $300 million, including those for driver's licenses, marriage licenses, and gun licenses. Romney increased a special gasoline retailer fee by 2 cents per gallon, generating about $60 million per year in additional revenue. (Opponents said the reliance on fees sometimes imposed a hardship on those who could least afford them.) Romney also closed tax loopholes that brought in another $181 million from businesses over the next two years. The state legislature, with Romney's support, also cut spending by $1.6 billion, including $700 million in reductions in state aid to cities and towns. The cuts also included a $140 million reduction in state funding for higher education, which led state-run colleges and universities to increase tuition by 63 percent over four years. Romney sought additional cuts in his last year as Massachusetts governor by vetoing nearly 250 items in the state budget, but all of them were overridden by the Democratic-dominated legislature.
The cuts in state spending put added pressure on local property taxes; the share of town and city revenues coming from property taxes rose from 49 percent to 53 percent. The combined state and local tax burden in Massachusetts increased during Romney's governorship but still was below the national average. According to the Tax Foundation, that per capita burden was 9.8 percent in 2002 (below the national average of 10.3 percent), and 10.5 percent in 2006 (below the national average of 10.8 percent).
Romney was at the forefront of a movement to bring near-universal health insurance coverage to the state, after a business executive told him at the start of his term that doing so would be the best way he could help people and after the federal government, due to the rules of Medicaid funding, threatened to cut $385 million in those payments to Massachusetts if the state did not reduce the number of uninsured recipients of health care services. Despite not having campaigned on the idea of universal health insurance, Romney decided that because people without insurance still received expensive health care, the money spent by the state for such care could be better used to subsidize insurance for the poor.
After positing that any measure adopted not raise taxes and not resemble the previous decade's failed "Hillarycare" proposal, Romney formed a team of consultants from different political backgrounds that beginning in late 2004 came up with a set of innovative proposals more ambitious than an incremental one from the Massachusetts Senate and more acceptable to him than one from the Massachusetts House of Representatives that incorporated a new payroll tax. In particular, Romney successfully pushed for incorporating an individual mandate at the state level. Past rival Ted Kennedy, who had made universal heath coverage his life's work and who over time developed a warm relationship with Romney, gave Romney's plan a positive reception, which encouraged Democratic legislators to work with it. The effort eventually gained the support of all major stakeholders within the state, and Romney helped break a logjam between rival Democratic leaders in the legislature.
On April 12, 2006, Romney signed the resulting Massachusetts health reform law, which requires nearly all Massachusetts residents to buy health insurance coverage or face escalating tax penalties such as the loss of their personal income tax exemption. The bill also establishes means-tested state subsidies for people who do not have adequate employer insurance and who make below an income threshold, by using funds previously designated to compensate for the health costs of the uninsured. He vetoed eight sections of the health care legislation, including a controversial $295-per-employee assessment on businesses that do not offer health insurance and provisions guaranteeing dental benefits to Medicaid recipients. The legislature overrode all eight vetoes; Romney's communications director Eric Fehrnstrom responded by saying, "These differences with the Legislature are not essential to the goal of getting everyone covered with insurance." Romney said of the measure overall, "There really wasn't Republican or Democrat in this. People ask me if this is conservative or liberal, and my answer is yes. It's liberal in the sense that we're getting our citizens health insurance. It's conservative in that we're not getting a government takeover." The law was the first of its kind in the nation and became the signature achievement of Romney's term in office.|group="nb"}}
At the beginning of his governorship, Romney opposed same-sex marriage and civil unions, but advocated tolerance and supported some domestic partnership benefits. Faced with the dilemma of choosing between same-sex marriage or civil unions after the November 2003 Massachusetts Supreme Judicial Court decision legalizing same-sex marriages (''Goodridge v. Department of Public Health''), Romney reluctantly backed a state constitutional amendment in February 2004 that would have banned same-sex marriage but still allow civil unions, viewing it as the only feasible way to ban same-sex marriage in Massachusetts. In May 2004 Romney instructed town clerks to begin issuing marriage licenses to same-sex couples, but citing a 1913 law that barred out-of-state residents from getting married in Massachusetts if their union would be illegal in their home state, no marriage licenses were to be issued to out-of-state same-sex couples not planning to move to Massachusetts. In June 2005, Romney abandoned his support for the compromise amendment, stating that the amendment confused voters who oppose both same-sex marriage and civil unions. Instead, Romney endorsed a petition effort led by the Coalition for Marriage & Family that would have banned same-sex marriage and made no provisions for civil unions. In 2004 and 2006 he urged the U.S. Senate to vote in favor of the Federal Marriage Amendment.
In 2005, Romney revealed a change of view regarding abortion, moving from an "unequivocal" pro-choice position expressed during his 2002 campaign to a pro-life one where he opposed ''Roe v. Wade''. He vetoed a bill on pro-life grounds that would expand access to emergency contraception in hospitals and pharmacies.
Romney generally used the bully pulpit approach towards promoting his agenda, staging well-organized media events to appeal directly to the public rather than pushing his proposals in behind-doors sessions with the state legislature. Romney was especially effective in dealing with a crisis of confidence in Boston's Big Dig project following a fatal ceiling collapse in 2006, wresting control of the project from the Massachusetts Turnpike Authority and helping ensure that it would eventually complete.
During 2004, Romney spent considerable effort trying to bolster the state Republican Party, but it failed to gain any seats in the state legislative elections that year. Given a prime-time appearance at the 2004 Republican National Convention, Romney was already being discussed as a potential 2008 presidential candidate. Midway through his term, Romney decided that he wanted to stage a full-time run for president, and on December 14, 2005, Romney announced that he would not seek re-election for a second term as governor. As chair of the Republican Governors Association, Romney traveled around the country, meeting prominent Republicans and building a national political network; he spent part or all of more than 200 days out of state during 2006, preparing for his run. Romney's frequent out-of-state travel contributed towards his approval rating declining in public polls towards the end of his term. He conceded that 2006 would be a difficult year for Republicans and that they would likely lose gubernatorial seats, including possibly his own. The weak condition of the Republican state party was one of several factors that led to Democrat Deval Patrick's lopsided win over Republican Kerry Healey in the 2006 Massachusetts gubernatorial election.
Romney filed to register a presidential campaign committee with the Federal Election Commission on his penultimate day in office as governor. Romney's term ended January 4, 2007.
thumb|left|alt=Mitt Romney addressing an audience from atop a stage|Romney holding an "Ask Mitt Anything" session in [[Ames, Iowa|Ames, Iowa, in May 2007]]The assets that Romney's campaign began with included his résumé of success in the business world and his rescuing of the Salt Lake Olympics, which matched the commonly held notion that American industry had star players who could straighten out what was wrong in the nation's capital. Romney also had solid political experience as governor together with a political pedigree courtesy of his father, a strong work ethic and energy level, and a large, wholesome-looking family that seemed so perfect as to be off-putting to some voters. Ann Romney, who had become an outspoken advocate for those with multiple sclerosis, was in remission and would be an active participant in his campaign, helping to soften his political personality. Moreover, with his square jaw, handsome face, and ample hair graying at the temples, Mitt Romney matched one of the common images of what a president should look like. Romney's liabilities included having run for senator and served as governor in one of the nation's most liberal states, having taken some positions there that were opposed by the party's conservative base, and subsequently shifting those positions. The candidate's Mormon religion was also viewed with suspicion and skepticism by some in the Evangelical portion of the party.
Romney assembled for his campaign a veteran group of Republican staffers, consultants, and pollsters. He was little-known nationally, though, and stayed around the 10 percent range in Republican preference polls for the first half of 2007. Romney's strategy was to win the first two big contests, the Iowa caucuses and the New Hampshire primary, and carry the momentum and visibility gained through the big Super Tuesday primaries and on to the nomination. He proved the most effective fundraiser of any of the Republican candidates, with his Olympics ties helping him with fundraising from Utah residents and from sponsors and trustees of the games. He also partly financed his campaign with his own personal fortune. These resources, combined with his August 2007 win in the Iowa Straw Poll and the mid-year near-collapse of nominal front-runner John McCain's campaign, made Romney a threat to win the nomination and the focus of the other candidates' attacks. Romney's staff suffered from internal strife and the candidate himself was indecisive at times, constantly asking for more data before making a decision. Persistent questions about the role of religion in Romney's life, as well as Southern Baptist minister and former Governor of Arkansas Mike Huckabee's rise in the polls based upon an explicitly Christian-themed campaign, led to the December 6, 2007, "Faith in America" speech.
thumb|upright|right|alt=Mitt and Ann Romney standing side by side against an American flag|Mitt and Ann Romney in late December 2007 at a campaign event in Londonderry, New HampshireIn the January 3, 2008, Iowa Republican caucuses, the first contest of the primary season, Romney received 25 percent of the vote and placed second to the vastly outspent Huckabee, who received 34 percent. Of the 60 percent of caucus-goers who were evangelical Christians, Huckabee was supported by about half of them while Romney by only a fifth. A couple of days later, Romney won the lightly contested Wyoming Republican caucuses. At a Saint Anselm College debate, Huckabee and McCain pounded away at Romney's image as a flip flopper. Indeed, this label would stick to Romney through the campaign (but was one that Romney rejected as unfair and inaccurate, except for his acknowledged change of mind on abortion). Romney seemed to approach the campaign as a management consulting exercise, and showed a lack of personal warmth and political feel; journalist Evan Thomas wrote that Romney "came off as a phony, even when he was perfectly sincere." Romney's staff would conclude that competing as a candidate of social conservatism and ideological purity rather than of pragmatic competence had been a mistake.
Romney finished in second place by five percentage points to the resurgent McCain in the next-door-to-his-home-state New Hampshire primary on January 8. Romney rebounded to win the January 15 Michigan primary over McCain by a solid margin, capitalizing on his childhood ties to the state and his vow to bring back lost automotive industry jobs which was seen by several commentators as unrealistic.|group="nb"}} On January 19, Romney won the lightly contested Nevada caucuses, but placed fourth in the intense South Carolina primary, where he had effectively ceded the contest to his rivals. McCain gained further momentum with his win in South Carolina, leading to a showdown between him and Romney in the Florida primary.
thumb|left|alt=Mitt Romney surrounded by people, holding a microphone and smiling|Romney at a rally in Michigan in mid-January 2008For ten days, Romney campaigned intensively on economic issues and the burgeoning subprime mortgage crisis, while McCain repeatedly and inaccurately asserted that Romney favored a premature withdrawal of U.S. forces from Iraq.|group="nb"}} McCain won key last-minute endorsements from Florida Senator Mel Martinez and Governor Charlie Crist, which helped push him to a five percentage point victory on January 29. Although many Republican officials were now lining up behind McCain, Romney persisted through the nationwide Super Tuesday contests on February 5. There he won primaries or caucuses in several states, including Massachusetts, Alaska, Minnesota, Colorado and Utah, but McCain won more, including large states such as California and New York. Trailing McCain in delegates by a more than two-to-one margin, Romney announced the end of his campaign on February 7 during a speech before the Conservative Political Action Conference in Washington. Altogether, Romney had won 11 primaries and caucuses, received about 4.7 million total votes, and garnered about 280 delegates.
Romney endorsed McCain for president a week later. He soon founded the Free and Strong America PAC, a political action committee whose stated mission was to raise money for other Republican candidates and to promote Republican policies. Romney became one of the McCain campaign's most visible surrogates, appearing on behalf of the GOP nominee at fundraisers, state Republican party conventions, and on cable news programs. His efforts earned McCain's respect and the two developed a warmer relationship; he was on the nominee's short list for the vice presidential running mate slot, where his experience in matters economic would have balanced one of McCain's weaknesses. McCain, behind in the polls, opted instead for a high-risk, high-reward "game changer" and selected Alaska Governor Sarah Palin. Romney continued to work for McCain's eventually unsuccessful general election campaign.
The Romneys sold their main home in Belmont and their ski house in Utah, leaving them an estate along Lake Winnipesaukee in Wolfeboro, New Hampshire, and an oceanfront home in the La Jolla district of San Diego, California, that they had bought the year before. Both locations were near some of the Romneys' grandchildren, who by 2010 numbered fourteen. The San Diego location was also ideal for Ann Romney's multiple sclerosis therapies and for recovering from her late 2008 diagnosis and lumpectomy for mammary ductal carcinoma in situ. Romney maintained his voting registration in Massachusetts, however, and bought a smaller condominium in Belmont during 2010. Following the August 2009 death of his past rival and sometime ally Senator Edward M. Kennedy, Romney declared that he had no interest in running in the special January 2010 election to replace him. Romney was an early supporter of Scott Brown, the successful Republican candidate in that race. Some of Romney's former aides were used by Brown's campaign and Romney raised funds for Brown. In February 2010, Romney had a minor altercation with LMFAO musical group member Skyler Gordy, known as Sky Blu, on an airplane flight.
Romney's book, ''No Apology: The Case for American Greatness'', was released on March 2, 2010; an 18-state promotional book tour was undertaken. The book, which debuted atop the New York Times Best Seller list, avoided anecdotes about Romney's personal or political life and focused much of its attention on a presentation of his views on economic and geopolitical matters. Earnings from the book were donated to charity.
Polls of various kinds showed Romney remaining in the forefront of possible 2012 presidential contenders. In nationwide opinion polling for the 2012 Republican Presidential primaries, he has often led polls or been in the top three along with Palin and Huckabee. He finished first in the CPAC straw poll in 2009 and second in 2010 and 2011 behind Ron Paul, won the Southern Republican Leadership Conference straw poll in 2010, and won the New Hampshire Straw Poll in 2011. A January 2010 ''National Journal'' poll of political insiders found that a majority of Republican insiders, and a plurality of Democratic insiders, predicted Romney would become the party's 2012 nominee. Pew Research Center and Gallup Poll results showed that during 2009 and 2010, more in the general public were viewing him favorably (36 to 40 percent) than unfavorably (28 to 29 percent); this was a marked improvement from the days of his 2008 presidential campaign, when the reverse had been true.
Romney campaigned heavily for Republican candidates around the nation in the 2010 midterm elections, and raised the most funds of any of the prospective 2012 Republican presidential candidates. Appearances during early 2011 found Romney emphasizing how his experience could be applied towards solving the nation's economic problems and presenting a more relaxed visual image.
Romney stood to possibly gain from the Republican electorate's tendency to nominate candidates who had previously run for president and were "next in line" to be chosen. Perhaps his greatest hurdle in gaining the Republican nomination was opposition to the Massachusetts health care reform law that he had signed five years earlier. The early stages of the race found Romney as the apparent front-runner in a weak field, especially in terms of fundraising prowess and organization. As many potential Republican candidates decided not to run (including Mike Pence, John Thune, Haley Barbour, Mike Huckabee, and Mitch Daniels), Republican party figures searched for plausible alternatives to Romney.
On June 2, 2011, Romney formally announced the start of his campaign. Speaking on a farm in Stratham, New Hampshire, he stressed economic issues and said that the nation was suffering from "President Obama's own misery index". He said that, "In the campaign to come, the American ideals of economic freedom and opportunity need a clear and unapologetic defense, and I intend to make it – because I have lived it."
Romney took the early fundraising lead, raising four times more in the second quarter of 2011 than his nearest Republican opponent. He ran a low-key, low-profile campaign at first and avoided statements about the ongoing U.S. debt ceiling crisis until the final days, when he said he opposed the Budget Control Act of 2011 that resolved it.
For much of his business career, Romney had no tangible record of political positions taken. He followed national politics avidly in college, and the circumstances of his father's presidential campaign loss would grate on him for decades, but his early philosophical influences were often non-political, such as in his missionary days when he read and absorbed Napoleon Hill's pioneering self-help tome ''Think and Grow Rich'' and encouraged his colleagues to do the same. Until his 1994 U.S. Senate campaign, he was registered as an Independent. In the 1992 Democratic Party presidential primaries, he had voted for the Democratic former senator from the state, Paul Tsongas.
In the 1994 Senate race, Romney explicitly aligned himself with Republican Massachusetts Governor William Weld, who believed in fiscal conservatism and supported abortion rights and gay rights, saying "I think Bill Weld's fiscal conservatism, his focus on creating jobs and employment and his efforts to fight discrimination and assure civil rights for all is a model that I identify with and aspire to."
As a gubernatorial candidate, and then as the newly elected Governor of Massachusetts, Romney again generally operated in the mold established by Weld and followed by Weld's two other Republican successors, Paul Cellucci and Jane Swift: restrain spending and taxing, be tolerant or permissive on social issues, protect the environment, be tough on crime, try to appear post-partisan.
Romney has been consistent in many of his political positions. However, Romney's position or choice of emphasis on certain social issues, including abortion, some aspects of gay rights,|group="nb"}} some aspects of stem cell research,|group="nb"}} and some aspects of abstinence-only sex education,|group="nb"}} evolved into a more conservative stance during his time as governor. The change in 2005 on abortion drew particular attention and was the result of what Romney described as an epiphany experienced while investigating stem cell research issues. He later said, "Changing my position was in line with an ongoing struggle that anyone has that is opposed to abortion personally, vehemently opposed to it, and yet says, 'Well, I'll let other people make that decision.' And you say to yourself, but if you believe that you're taking innocent life, it's hard to justify letting other people make that decision."
This increased alignment with traditional conservatives on social issues coincided with Romney's becoming a candidate for the 2008 Republican nomination for President, and also included a new-found admiration for the National Rifle Association paired with ineptly attempting to portray himself as a lifelong hunter, rarely mentioning his Massachusetts health care law, being a convert on signing an anti-tax pledge, and displaying bluster or boldness on foreign policy matters (such as wanting to double the number of detainees at the Guantanamo Bay detention camp). In response, many skeptics, including a number of Republicans, charged Romney with opportunism and having a lack of core principles. The fervor with which Romney adopted his new stances and attitudes contributed to the perception of inauthenticity which hampered that campaign. Romney generally responds to criticisms of ideological pandering with remarks like, "The older I get, the smarter Ronald Reagan gets."
While there have been many biographical parallels between the lives of George Romney and his son Mitt, There are also obvious differences in their paths, including that George had a hardscrabble upbringing while Mitt's was affluent, and that Mitt far exceeded George's accomplishments in formal education.|group="nb"}} one particular difference is that while George was willing to defy political trends, Mitt has been much more willing to adapt to them. Mitt Romney has said that learning from experience and changing views accordingly is a virtue, and that, "If you're looking for someone who's never changed any positions on any policies, then I'm not your guy." Journalist and author Daniel Gross sees Romney as approaching politics in the same terms as a business competing in markets, in that successful executives do not hold firm to public stances over long periods of time, but rather constantly devise new strategies and plans to deal with new geographical regions and ever-changing market conditions. Political profiler Ryan Lizza sees the same question regarding whether Romney's business skills can be adapted to politics, saying that "while giving customers exactly what they want may be normal in the corporate world, it can be costly in politics". Writer Robert Draper holds a somewhat similar perspective: "The Romney curse was this: His strength lay in his adaptability. In governance, this was a virtue; in a political race, it was an invitation to be called a phony."
Immediately following the March 2010 passage of the Patient Protection and Affordable Care Act, Romney attacked the landmark legislation as "an unconscionable abuse of power" and said the act should be repealed. The hostile attention it held among Republicans created a potential problem for the former governor, since the new federal law was in many ways similar to the Massachusetts health care reform passed during Romney's term; as one Associated Press article stated, "Obamacare ... looks a lot like Romneycare." While acknowledging that his plan was not perfect and still was a work in progress, Romney did not back away from it, and has consistently defended the state-level health insurance mandate that underpins it. He has focused on its having had bipartisan support in the state legislature, while the Obama plan received no Republican support at all in Congress, and upon it being the right answer to Massachusetts' specific problems at the time. A Romney spokesperson has stated: "Mitt Romney has been very clear in all his public statements that he is opposed to a national individual mandate. He believes those decisions should be left to the states." While Romney has not explicitly argued for a federally-imposed mandate, during his 1994 Senate campaign he indicated he would vote for an overall health insurance proposal that contained one, and he suggested during his time as governor and during his 2008 presidential campaign that the Massachusetts plan was a model for the nation and that over time mandate plans might be adopted by most or all of the nation.
Throughout his business, Olympics, and political career, Romney's instinct has been to apply the "Bain way" towards problems. Romney has said, "There were two key things I learned at Bain. One was a series of concepts for approaching tough problems and a problem-solving methodology; the other was an enormous respect for data, analysis, and debate." He has written, "There are answers in numbers – gold in numbers. Pile the budgets on my desk and let me wallow." Romney believes the Bain approach is not only effective in the business realm but also in running for office and, once there, in solving political conundrums such as proper Pentagon spending levels and the future of Social Security. Former Bain and Olympics colleague Fraser Bullock has said of Romney, "He's not an ideologue. He makes decisions based on researching data more deeply than anyone I know." Romney's technocratic instincts have thus always been with him; in his public appearances during the 2002 gubernatorial campaign he sometimes gave PowerPoint presentations rather than conventional speeches. Upon taking office he became, in the words of ''The Boston Globe'', "the state's first self-styled CEO governor". During his 2008 presidential campaign he was constantly asking for data, analysis, and opposing arguments, and has been viewed as a potential "CEO president" should he get that far.
Romney is a sixth-generation member of The Church of Jesus Christ of Latter-day Saints (LDS Church, colloquially known as the Mormon church). He has avoided speaking publicly about specific church doctrines, and pointed out that the U.S. Constitution prohibits religious tests for public office. Polls in 2007 and 2011 indicated that about a quarter of Republican voters, and a quarter of voters overall, said they were less likely to vote for a candidate who was a Mormon. Romney's "Faith in America" speech, delivered in December 2007, addressed the matter. In it, Romney said he should neither be elected nor rejected based upon his religion, and echoed Senator John F. Kennedy's famous speech during his 1960 presidential campaign in saying "I will put no doctrine of any church above the plain duties of the office and the sovereign authority of the law." Instead of discussing the specific tenets of his faith, he said that he would be informed by it and that, "Freedom requires religion just as religion requires freedom. Freedom and religion endure together, or perish alone."
One academic study, based upon research conducted throughout the 2008 primaries, showed that a negative perception of Mormonism was widespread during the election, and that perception was often resistant to factual information that would correct mistaken notions about the religion or Romney's relationship to it. The authors concluded that, "For Romney ... religion ''is'' the central story." Another study, analyzing a survey conducted during January 2008 (when an African American, a woman, and a Mormon all had realistic chances of becoming the first president from that group), found that voters had internally accepted the notion of black equality, paving the way for Barack Obama's election; had partially established but not fully internalized the notion of gender equality, making Hillary Rodham Clinton's task somewhat more difficult; but had only selectively internalized the notion of religious equality, and in particular not extended it to Mormons, thus making Romney's run significantly more difficult. Those authors concluded that, "for a Mormon candidate, the road to the presidency remains very rough ... The bias against a Mormon candidate is substantial."
The June 13, 2011, issue of ''Newsweek'' magazine featured a Romney-themed cover based on the popular ''Book of Mormon'' Broadway musical, and dubbed the summer of 2011 "The Mormon Moment". Analysts expect Romney's Mormonism to become an issue again in the 2012 campaign.
''People'' magazine included Romney in its 50 Most Beautiful People list for 2002. In 2004, Romney received the inaugural Truce Ideal Award for his role in the 2002 Winter Olympics. In 2008, he shared with his wife Ann the Canterbury Medal from The Becket Fund for Religious Liberty, for "refus[ing] to compromise their principles and faith" during the presidential campaign.
;Other
Category:1947 births Category:Living people Category:20th-century Mormon missionaries Category:American chief executives Category:American Latter Day Saints Category:American investors Category:American management consultants Category:American Mormon missionaries Category:American political writers Category:Bain Capital Category:Bishops of The Church of Jesus Christ of Latter-day Saints Category:Boston Consulting Group people Category:Businesspeople from Massachusetts Category:Brigham Young University alumni Category:Cranbrook Educational Community alumni Category:Governors of Massachusetts Category:Harvard Business School alumni Category:Harvard Law School alumni Category:Massachusetts Republicans Category:Michigan Republicans Category:Mormon missionaries in France Category:People from Belmont, Massachusetts Category:People from Bloomfield Hills, Michigan Category:People from Detroit, Michigan Category:Pratt–Romney family Category:Private equity and venture capital investors Category:Stake presidents of The Church of Jesus Christ of Latter-day Saints Category:Stanford University alumni Category:United States presidential candidates, 2008 Category:United States presidential candidates, 2012 Category:Writers from Massachusetts Category:Businesspeople from Michigan
ar:مت رومني br:Mitt Romney cs:Mitt Romney da:Mitt Romney pdc:Mitt Romney de:Mitt Romney et:Mitt Romney es:Mitt Romney fa:میت رامنی fr:Mitt Romney ko:미트 롬니 hr:Mitt Romney is:Mitt Romney it:Mitt Romney he:מיט רומני la:Mitt Romney hu:Mitt Romney nl:Mitt Romney ja:ミット・ロムニー no:Mitt Romney pl:Mitt Romney pt:Mitt Romney ro:Mitt Romney ru:Ромни, Уиллард Митт simple:Mitt Romney sh:Mitt Romney fi:Mitt Romney sv:Mitt Romney th:มิตต์ รอมนีย์ tr:Mitt Romney uk:Мітт Ромні yi:מיט ראמני zh:米特·羅姆尼This text is licensed under the Creative Commons CC-BY-SA License. This text was originally published on Wikipedia and was developed by the Wikipedia community.
name | Warren Buffett |
---|---|
birth name | Warren Edward Buffett |
birth date | August 30, 1930 |
birth place | Omaha, Nebraska, U.S. |
nationality | American |
alma mater | University of NebraskaColumbia Business School |
occupation | Businessman, Investor |
salary | US$100,000 |
networth | US$50 billion (2011) |
spouse | Susan Thompson Buffett (1952–2004)Astrid Menks (2006–present) |
children | Susan Alice BuffettHoward Graham BuffettPeter Andrew Buffett |
signature | Warren Buffett Signature.svg }} |
Warren Edward Buffett (; born August 30, 1930) is an American business magnate, investor, and philanthropist. He is widely regarded as one of the most successful investors in the world. Often introduced as "legendary investor, Warren Buffett", he is the primary shareholder, chairman and CEO of Berkshire Hathaway. He is consistently ranked among the world's wealthiest people. He was ranked as the world's wealthiest person in 2008 and is the third wealthiest person in the world as of 2011.
Buffett is called the "Oracle of Omaha" or the "Sage of Omaha" and is noted for his adherence to the value investing philosophy and for his personal frugality despite his immense wealth. Buffett is also a notable philanthropist, having pledged to give away 99 percent of his fortune to philanthropic causes, primarily via the Gates Foundation. He also serves as a member of the board of trustees at Grinnell College.
Even as a child, Buffett displayed an interest in making and saving money. He went door to door selling chewing gum, Coca-Cola, or weekly magazines. For a while, he worked in his grandfather's grocery store. While still in high school he was successful in making money by delivering newspapers, selling golfballs and stamps, and detailing cars, among other means. Filing his first income tax return in 1944, Buffett took a $35 deduction for the use of his bicycle and watch on his paper route. In 1945, in his sophomore year of high school, Buffett and a friend spent $25 to purchase a used pinball machine, which they placed in the local barber shop. Within months, they owned several machines in different barber shops.
Buffett's interest in the stock market and investing also dated to his childhood, to the days he spent in the customers' lounge of a regional stock brokerage near the office of his father's own brokerage company. On a trip to New York City at the age of ten, he made a point to visit the New York Stock Exchange. At the age of 11, he bought three shares of Cities Service Preferred for himself, and three for his sister. While in high school he invested in a business owned by his father and bought a farm worked by a tenant farmer. By the time he finished college, Buffett had accumulated more than $90,000 in savings measured in 2009 dollars.
Buffett entered college as a freshmen in 1947 at the Wharton Business School of the University of Pennsylvania and studied there for two years from 1947 to 1949. In the year 1950, when he entered his junior year, he transferred to the University of Nebraska–Lincoln where at the age of nineteen, he graduated with a degree of Bachelor of Science in Business Administration. After the completion of his undergraduate studies, Buffett enrolled at Columbia Business School after learning that Benjamin Graham (author of "The Intelligent Investor" – one of his favorite books on investing) and David Dodd, two well-known securities analysts, taught there. He received a M.S. in Economics from Columbia Business School in 1951. Buffett also attended the New York Institute of Finance. In Buffett’s own words:
The basic ideas of investing are to look at stocks as business, use the market's fluctuations to your advantage, and seek a margin of safety. That’s what Ben Graham taught us. A hundred years from now they will still be the cornerstones of investing.}}
Warren Buffett was employed from 1951–54 at ''Buffett-Falk & Co.'', Omaha as an investment salesman, from 1954–1956 at ''Graham-Newman Corp.'', New York as a securities analyst, from 1956–1969 at ''Buffett Partnership, Ltd.'', Omaha as a general partner and from 1970 – Present at Berkshire Hathaway Inc, Omaha as its Chairman, CEO.
In 1950, at the age of 20, Buffett had made and saved $9,800. In April 1952, Buffett discovered Graham was on the board of GEICO insurance. Taking a train to Washington, D.C. on a Saturday, he knocked on the door of GEICO's headquarters until a janitor allowed him in. There he met Lorimer Davidson, Geico's Vice President, and the two discussed the insurance business for hours. Davidson would eventually become Buffett's life-long friend and a lasting influence and later recall that he found Buffett to be an "extraordinary man" after only fifteen minutes. Buffett graduated from Columbia and wanted to work on Wall Street, however, both his father and Ben Graham urged him not to. He offered to work for Graham for free, but Graham refused.
Buffett returned to Omaha and worked as a stockbroker while taking a Dale Carnegie public speaking course. Using what he learned, he felt confident enough to teach an "Investment Principles" night class at the University of Nebraska-Omaha. The average age of his students was more than twice his own. During this time he also purchased a Sinclair Texaco gas station as a side investment. However, this did not turn out to be a successful business venture.
In 1952 Buffett married Susan Thompson at Dundee Presbyterian Church and the next year they had their first child, Susan Alice Buffett. In 1954, Buffett accepted a job at Benjamin Graham's partnership. His starting salary was $12,000 a year (approximately $97,000 adjusted to 2008 dollars). There he worked closely with Walter Schloss. Graham was a tough man to work for. He was adamant that stocks provide a wide margin of safety after weighting the trade-off between their price and their intrinsic value. The argument made sense to Buffett but he questioned whether the criteria were too stringent and caused the company to miss out on big winners that had more qualitative values. That same year the Buffetts had their second child, Howard Graham Buffett. In 1956, Benjamin Graham retired and closed his partnership. At this time Buffett's personal savings were over $174,000 ($1.2 million inflation adjusted to 2009 dollars) and he started Buffett Partnership Ltd., an investment partnership in Omaha.
In 1957, Buffett had three partnerships operating the entire year. He purchased a five-bedroom stucco house in Omaha, where he still lives, for $31,500. In 1958 the Buffett's third child, Peter Andrew Buffett, was born. Buffett operated five partnerships the entire year. In 1959, the company grew to six partnerships operating the entire year and Buffett was introduced to Charlie Munger. By 1960, Buffett had seven partnerships operating: Buffett Associates, Buffett Fund, Dacee, Emdee, Glenoff, Mo-Buff and Underwood. He asked one of his partners, a doctor, to find ten other doctors willing to invest $10,000 each in his partnership. Eventually eleven agreed, and Buffett pooled their money with a mere $100 original investment of his own. In 1961, Buffett revealed that Sanborn Map Company accounted for 35% of the partnership's assets. He explained that in 1958 Sanborn stock sold at only $45 per share when the value of the Sanborn investment portfolio was $65 per share. This meant that buyers valued Sanborn stock at "minus $20" per share and were unwilling to pay more than 70 cents on the dollar for an investment portfolio with a map business thrown in for nothing. This earned him a spot on the board of Sanborn.
In a second letter, Buffett announced his first investment in a private business — Hochschild, Kohn and Co, a privately owned Baltimore department store. In 1967, Berkshire paid out its first and only dividend of 10 cents. In 1969, following his most successful year, Buffett liquidated the partnership and transferred their assets to his partners. Among the assets paid out were shares of Berkshire Hathaway. In 1970, as chairman of Berkshire Hathaway, Buffett began writing his now-famous annual letters to shareholders. However, he lived solely on his salary of $50,000 per year, and his outside investment income. In 1979, Berkshire began the year trading at $775 per share, and ended at $1,310. Buffett's net worth reached $620 million, placing him on the Forbes 400 for the first time.
In 1973, Berkshire began to acquire stock in the Washington Post Company. Buffett became close friends with Katharine Graham, who controlled the company and its flagship newspaper, and became a member of its board of directors. In 1974, the SEC opened a formal investigation into Warren Buffett and Berkshire's acquisition of WESCO, due to possible conflict of interest. No charges were brought. In 1977, Berkshire indirectly purchased the ''Buffalo Evening News'' for $32.5 million. Antitrust charges started, instigated by its rival, the ''Buffalo Courier-Express''. Both papers lost money, until the ''Courier-Express'' folded in 1982.
In 1979, Berkshire began to acquire stock in ABC. Capital Cities announced $3.5 billion purchase of ABC on March 18, 1985 surprised the media industry, as ABC was four times bigger than Capital Cities at the time. Berkshire Hathaway chairman Warren Buffett helped finance the deal in return for a 25% stake in the combined company. The newly merged company, known as Capital Cities/ABC (or CapCities/ABC), was forced to sell off some stations due to FCC ownership rules. Also, the two companies owned several radio stations in the same markets.
In 1987, Berkshire Hathaway purchased a 12% stake in Salomon Inc., making it the largest shareholder and Buffett the director. In 1990, a scandal involving John Gutfreund (former CEO of Salomon Brothers) surfaced. A rogue trader, Paul Mozer, was submitting bids in excess of what was allowed by the Treasury rules. When this was discovered and brought to the attention of Gutfreund, he did not immediately suspend the rogue trader. Gutfreund left the company in August 1991. Buffett became Chairman of Salomon until the crisis passed; on September 4, 1991, he testified before Congress. In 1988, Buffett began buying stock in Coca-Cola Company, eventually purchasing up to 7% of the company for $1.02 billion. It would turn out to be one of Berkshire's most lucrative investments, and one which it still holds.
In 2002, Buffett entered in $11 billion worth of forward contracts to deliver U.S. dollars against other currencies. By April 2006, his total gain on these contracts was over $2 billion. In 2006, Buffett announced in June that he gradually would give away 85% of his Berkshire holdings to five foundations in annual gifts of stock, starting in July 2006. The largest contribution would go to the Bill and Melinda Gates Foundation. In 2007, in a letter to shareholders, Buffett announced that he was looking for a younger successor, or perhaps successors, to run his investment business. Buffett had previously selected Lou Simpson, who runs investments at Geico, to fill that role. However, Simpson is only six years younger than Buffett.
Berkshire Hathaway acquired 10% perpetual preferred stock of Goldman Sachs. Some of Buffett's Index put options (European exercise at expiry only) that he wrote (sold) are currently running around $6.73 billion mark-to-market losses. The scale of the potential loss prompted the SEC to demand that Berkshire produce, "a more robust disclosure" of factors used to value the contracts. Buffett also helped Dow Chemical pay for its $18.8 billion takeover of Rohm & Haas. He thus became the single largest shareholder in the enlarged group with his Berkshire Hathaway, which provided $3 billion, underlining his instrumental role during the current crisis in debt and equity markets.
In 2008, Buffett became the richest man in the world dethroning Bill Gates, worth $62 billion according to Forbes, and $58 billion according to Yahoo. Bill Gates had been number one on the Forbes list for 13 consecutive years. In 2009, Bill Gates regained number one of the list according to Forbes magazine, with Buffett second. Their values have dropped to $40 billion and $37 billion respectively, Buffett having (according to Forbes) lost $25 billion in 12 months during 2008/2009.
In October 2008, the media reported that Warren Buffett had agreed to buy General Electric (GE) preferred stock. The operation included extra special incentives: he received an option to buy 3 billion GE at $22.25 in the next five years, and also received a 10% dividend (callable within three years). In February 2009, Buffett sold some of the Procter & Gamble Co, and Johnson & Johnson shares from his portfolio.
In addition to suggestions of mistiming, questions have been raised as to the wisdom in keeping some of Berkshire's major holdings, including The Coca-Cola Company (NYSE:KO) which in 1998 peaked at $86. Buffett discussed the difficulties of knowing when to sell in the company's 2004 annual report:
That may seem easy to do when one looks through an always-clean, rear-view mirror. Unfortunately, however, it’s the windshield through which investors must peer, and that glass is invariably fogged.In March 2009, Buffett stated in a cable television interview that the economy had "fallen off a cliff... Not only has the economy slowed down a lot, but people have really changed their habits like I haven't seen". Additionally, Buffett fears we may revisit a 1970s level of inflation, which led to a painful stagflation that lasted many years.
In 2009, Warren Buffett invested $2.6 billion as a part of Swiss Re's raising equity capital. Berkshire Hathaway already owns a 3% stake, with rights to own more than 20%. In 2009, Warren Buffett acquired Burlington Northern Santa Fe Corp. for $34 billion in cash and stock. Alice Schroeder, author of Snowball, stated that a reason for the purchase was to diversify Berkshire Hathaway from the financial industry. Measured by market capitalization in the Financial Times Global 500 Berkshire Hathaway as of June 2009 was the eighteenth largest corporation on earth.
In 2009, Buffett divested his failed investment in ConocoPhillips, saying to his Berkshire investors,
I bought a large amount of ConocoPhillips stock when oil and gas prices were near their peak. I in no way anticipated the dramatic fall in energy prices that occurred in the last half of the year. I still believe the odds are good that oil sells far higher in the future than the current $40–$50 price. But so far I have been dead wrong. Even if prices should rise, moreover, the terrible timing of my purchase has cost Berkshire several billion dollars.
The merger with the Burlington Northern Santa Fe Railway (BNSF) closed upon BNSF shareholder approval in 1Q2010. This deal is valued at approximately $34 billion and reflects an increase of a previously existing stake of about 22%.
In June 2010, Buffett defended the credit rating agencies for their role in the US financial crisis, claiming that:
Very, very few people could appreciate the bubble. That's the nature of bubbles – they're mass delusions.
On March 18, 2011, Goldman Sachs acquired Federal Reserve approval to buy back Berkshire's preferred stock in Goldman. Buffet has been reluctant to give up the stock which averages $1.4 million in dividend a day, stating:
I'm going to be the Osama bin Laden of capitalism. I'm on my way to an unknown destination in Asia where I'm going to look for a cave. If the U.S. Armed forces can't find Osama bin Laden in 10 years, let Goldman Sachs try to find me.
Warren Buffett disowned his son Peter's adopted daughter, Nicole, in 2006 after she participated in the Jamie Johnson documentary, ''The One Percent.'' Although his first wife had referred to Nicole as one of her "adored grandchildren", Buffett wrote her a letter stating, "I have not emotionally or legally adopted you as a grandchild, nor have the rest of my family adopted you as a niece or a cousin." He signed the letter "Warren."
His 2006 annual salary was about $100,000, which is small compared to senior executive remuneration in comparable companies. In 2007 and 2008, he earned a total compensation of $175,000, which included a base salary of just $100,000. He lives in the same house in the central Dundee neighborhood of Omaha that he bought in 1958 for $31,500, today valued at around $700,000 (although he also owns a $4 million house in Laguna Beach, California). In 1989 after having spent nearly 6.7 million dollars of Berkshire's funds on a private jet, Buffett sheepishly named it "''The Indefensible''". This act was a break from his past condemnation of extravagant purchases by other CEOs and his history of using more public transportation.
He remains an avid player of bridge, which he learned from Sharon Osberg, and plays with her and Bill Gates. He spends twelve hours a week playing the game. In 2006, he sponsored a bridge match for the Buffett Cup. Modeled on the Ryder Cup in golf, held immediately before it, and in the same city, a team of twelve bridge players from the United States took on twelve Europeans in the event. He is a dedicated, lifelong follower of Nebraska football, and attends as many games as his schedule permits. He supported the hire of Bo Pelini following the 2007 season stating, "It was getting kind of desperate around here". He watched the 2009 game against Oklahoma from the Nebraska sideline after being named an honorary assistant coach.
Warren Buffett worked with Christopher Webber on an animated series with chief Andy Heyward, of DiC Entertainment, and then A Squared Entertainment. The series features Buffett and Munger, and teaches children healthy financial habits for life. Buffett was raised Presbyterian but has since described himself as agnostic. In December 2006 it was reported that Buffett does not carry a cell phone, does not have a computer at his desk, and drives his own automobile, a Cadillac DTS. Buffett wears tailor-made suits from the Chinese label Trands; earlier he wore Ermenegildo Zegna.
In his article ''The Superinvestors of Graham-and-Doddsville'', Buffett rebutted the academic Efficient-market hypothesis, that beating the S&P; 500 was "pure chance", by highlighting the results achieved by a number of students of the Graham and Dodd value investing school of thought. In addition to himself, Buffett named Walter J. Schloss, Tom Knapp, Ed Anderson (Tweedy, Brown Inc.), Bill Ruane (Sequoia Fund, Inc.), Charles Munger (Buffett's own business partner at Berkshire), Rick Guerin (Pacific Partners, Ltd.), and Stan Perlmeter (Perlmeter Investments). In his November 1999 ''Fortune'' article, he warned of investors' unrealistic expectations:
From a ''NY Times'' article: "I don't believe in dynastic wealth", Warren Buffett said, calling those who grow up in wealthy circumstances "members of the lucky sperm club". Buffett has written several times of his belief that, in a market economy, the rich earn outsized rewards for their talents:
His children will not inherit a significant proportion of his wealth. This is consistent with statements he has made in the past indicating his opposition to the transfer of great fortunes from one generation to the next. Buffett once commented, "I want to give my kids just enough so that they would feel that they could do anything, but not so much that they would feel like doing nothing".
In June 2006, he announced a plan to give away his fortune to charity, with 83% of it going to the Bill & Melinda Gates Foundation. He pledged about the equivalent of 10 million Berkshire Hathaway Class B shares to the Bill & Melinda Gates Foundation (worth approximately US$30.7 billion as of June 23, 2006), making it the largest charitable donation in history, and Buffett one of the leaders of philanthrocapitalism. The foundation will receive 5% of the total donation on an annualised basis each July, beginning in 2006. (Significantly, however, the pledge is conditional upon the foundation's giving away each year, beginning in 2009, an amount that is at least equal to the value of the entire previous year's gift from Buffett, in addition to 5% of the foundation's net assets.) Buffett also will join the board of directors of the Gates Foundation, although he does not plan to be actively involved in the foundation's investments.
This is a significant shift from previous statements Buffett has made, having stated that most of his fortune would pass to his Buffett Foundation. The bulk of the estate of his wife, valued at $2.6 billion, went to that foundation when she died in 2004. He also pledged $50-million to the Nuclear Threat Initiative, in Washington, where he has served as an adviser since 2002.
In 2006, he auctioned his 2001 Lincoln Town Car on eBay to raise money for Girls, Inc. In 2007, he auctioned a luncheon with himself that raised a final bid of $650,100 for a charity. On June 27, 2008, Zhao Danyang, a general manager at Pure Heart China Growth Investment Fund, won the 2008 5-day online "Power Lunch with Warren Buffett" charity auction with a bid of $2,110,100. Auction proceeds benefit the San Francisco Glide Foundation. The following year, executives from Toronto-based Salida Capital paid US$1.68 million to dine with Buffett.
In a letter to Fortune Magazine's website in 2010 Buffett remarked:
This statement was made as part of a joint proposal with Bill Gates to encourage other wealthy individuals to pool some of their fortunes for charitable purposes.
Bill Gates's wife Melinda urged people to learn a lesson from the philanthropic efforts of the family that sold its home and gave away half of its value, as detailed in ''The Power of Half''. On December 9, 2010, Buffett, Bill Gates, and Mark Zuckerberg (Facebook's CEO), signed a promise they called the "Gates-Buffett Giving Pledge", in which they promised to donate to charity at least half of their wealth over time, and invited others among the wealthy to donate 50% or more of their wealth to charity.
Speaking at Berkshire Hathaway Inc.'s 1994 annual meeting, Buffett said investments in tobacco are:
Americans ... would chafe at the idea of perpetually paying tribute to their creditors and owners abroad. A country that is now aspiring to an ‘ownership society’ will not find happiness in – and I’ll use hyperbole here for emphasis – a 'sharecropping society’.Author Ann Pettifor has adopted the image in her writings and has stated: "He is right. And so the thing we must fear most now, is not just the collapse of banks and investment funds, or of the international financial architecture, but of a 'sharecropper society, angry at its downfall".
It gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.In 1977 Buffett was also quoted as saying about stocks, gold, farmland, and inflation:
Stocks are probably still the best of all the poor alternatives in an era of inflation – at least they are if you buy in at appropriate prices.
: “There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.”
Buffett favors the inheritance tax, saying that repealing it would be like "choosing the 2020 Olympic team by picking the eldest sons of the gold-medal winners in the 2000 Olympics". In 2007, Buffett testified before the Senate and urged them to preserve the estate tax so as to avoid a plutocracy. Some critics have argued that Buffett (through Berkshire Hathaway) has a personal interest in the continuation of the estate tax, since Berkshire Hathaway has benefited from the estate tax in past business dealings and had developed and marketed insurance policies to protect policy holders against future estate tax payments. Buffett believes government should not be in the business of gambling, or legalizing casinos, calling it a tax on ignorance.
When a company gives something of value to its employees in return for their services, it is clearly a compensation expense. And if expenses don't belong in the earnings statement, where in the world do they belong?
In October 2008, Buffett invested in new energy automobile business by paying $230 million for 10% of BYD Company (), which runs a subsidiary of electric automobile manufacturer BYD Auto. In less than one year, the investment has reaped him over 500% return of profit.
Some best-selling, or otherwise notable, books about Buffett:
Category:1930 births Category:Living people Category:American agnostics Category:American billionaires Category:American businesspeople Category:American insurance businesspeople Category:American chief executives Category:American financiers Category:American investors Category:American money managers Category:American philanthropists Category:Berkshire Hathaway Category:Bill & Melinda Gates Foundation people Category:Businesspeople from Omaha, Nebraska Category:Businesspeople in the insurance industry Category:Columbia Business School alumni Category:Equity securities Category:Grinnell College people Category:Nebraska Democrats Category:Stock traders Category:Wharton School alumni Category:University of Nebraska–Lincoln alumni Category:Presidential Medal of Freedom recipients Category:Buffett family
af:Warren Buffett ar:وارن بافت zh-min-nan:Warren Buffett bg:Уорън Бъфет cs:Warren Buffett da:Warren Buffett de:Warren Buffett et:Warren Buffett es:Warren Buffett eo:Warren Buffett eu:Warren Buffett fa:وارن بافت fo:Warren Buffet fr:Warren Buffett fy:Warren Buffett gl:Warren Buffett gu:વોરન બફેટ ko:워런 버핏 hi:वॉरेन बफे hr:Warren Buffett id:Warren Buffett it:Warren Buffett he:וורן באפט kn:ವಾರೆನ್ ಬಫೆಟ್ ka:უორენ ბაფეტი sw:Warren Buffett lv:Vorens Bafets lb:Warren Buffett lt:Warren Buffett hu:Warren Buffett mr:वॉरन बफे ms:Warren Buffett nl:Warren Buffett ja:ウォーレン・バフェット no:Warren Buffett pl:Warren Buffett pt:Warren Buffett ro:Warren Buffett ru:Баффетт, Уоррен simple:Warren Buffett sk:Warren Buffett sr:Ворен Бафет sh:Warren Buffett fi:Warren Buffett sv:Warren Buffett ta:வாரன் பபெட் te:వారెన్ బఫ్ఫెట్ th:วอร์เรน บัฟเฟตต์ tr:Warren Buffett uk:Воррен Баффетт vi:Warren Buffett wuu:Warren Buffett yi:ווארען באפעט zh-yue:巴菲特 zh:沃伦·巴菲特
This text is licensed under the Creative Commons CC-BY-SA License. This text was originally published on Wikipedia and was developed by the Wikipedia community.
The World News (WN) Network, has created this privacy statement in order to demonstrate our firm commitment to user privacy. The following discloses our information gathering and dissemination practices for wn.com, as well as e-mail newsletters.
We do not collect personally identifiable information about you, except when you provide it to us. For example, if you submit an inquiry to us or sign up for our newsletter, you may be asked to provide certain information such as your contact details (name, e-mail address, mailing address, etc.).
When you submit your personally identifiable information through wn.com, you are giving your consent to the collection, use and disclosure of your personal information as set forth in this Privacy Policy. If you would prefer that we not collect any personally identifiable information from you, please do not provide us with any such information. We will not sell or rent your personally identifiable information to third parties without your consent, except as otherwise disclosed in this Privacy Policy.
Except as otherwise disclosed in this Privacy Policy, we will use the information you provide us only for the purpose of responding to your inquiry or in connection with the service for which you provided such information. We may forward your contact information and inquiry to our affiliates and other divisions of our company that we feel can best address your inquiry or provide you with the requested service. We may also use the information you provide in aggregate form for internal business purposes, such as generating statistics and developing marketing plans. We may share or transfer such non-personally identifiable information with or to our affiliates, licensees, agents and partners.
We may retain other companies and individuals to perform functions on our behalf. Such third parties may be provided with access to personally identifiable information needed to perform their functions, but may not use such information for any other purpose.
In addition, we may disclose any information, including personally identifiable information, we deem necessary, in our sole discretion, to comply with any applicable law, regulation, legal proceeding or governmental request.
We do not want you to receive unwanted e-mail from us. We try to make it easy to opt-out of any service you have asked to receive. If you sign-up to our e-mail newsletters we do not sell, exchange or give your e-mail address to a third party.
E-mail addresses are collected via the wn.com web site. Users have to physically opt-in to receive the wn.com newsletter and a verification e-mail is sent. wn.com is clearly and conspicuously named at the point of
collection.If you no longer wish to receive our newsletter and promotional communications, you may opt-out of receiving them by following the instructions included in each newsletter or communication or by e-mailing us at michaelw(at)wn.com
The security of your personal information is important to us. We follow generally accepted industry standards to protect the personal information submitted to us, both during registration and once we receive it. No method of transmission over the Internet, or method of electronic storage, is 100 percent secure, however. Therefore, though we strive to use commercially acceptable means to protect your personal information, we cannot guarantee its absolute security.
If we decide to change our e-mail practices, we will post those changes to this privacy statement, the homepage, and other places we think appropriate so that you are aware of what information we collect, how we use it, and under what circumstances, if any, we disclose it.
If we make material changes to our e-mail practices, we will notify you here, by e-mail, and by means of a notice on our home page.
The advertising banners and other forms of advertising appearing on this Web site are sometimes delivered to you, on our behalf, by a third party. In the course of serving advertisements to this site, the third party may place or recognize a unique cookie on your browser. For more information on cookies, you can visit www.cookiecentral.com.
As we continue to develop our business, we might sell certain aspects of our entities or assets. In such transactions, user information, including personally identifiable information, generally is one of the transferred business assets, and by submitting your personal information on Wn.com you agree that your data may be transferred to such parties in these circumstances.