Explaining Southern California's economy

Romney's turnaround plan for America and the GT Bikes story


Romney/Ryan 2012

The Romney/Ryan campaign has rolled a new website that promotes Romney's business achievements.

The Mitt Romney/Paul Ryan campaign has added an entire subsection to its website: business.mittromney.com. It's essentially a shrine to Romney's record — the successful part — at Bain Capital, the buyout/private-equity firm he started out of Bain & Co., a consultancy. 

The sub-site features a number of turnaround and investment tales (more turnaround than investment, actually), including Staples — which obviously has a strong L.A. presence — and Santa Ana-based GT Bicycles

The GT Bikes part of the story is interesting. On the Romney campaign's website, former CEO Mike Haynes appears in a video (see below) explaining how much good Bain Capital did for the business. Haynes, then the company's CFO, ascended to the CEO chair after GT's co-founder, Richard Long, was killed in a motorcycle accident in 1996. He was joined by Geoffrey Rehnert, who took on the Chairman's job. Rehnert was a co-founder, with Romney, at Bain.