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Romney was defeated for the nomination for president in 2008 by [[John McCain]]. In 1994 – a year of landslide victories for Republicans – Mitt Romney came up short in challenging incumbent Senator [[Ted Kennedy]] of Massachusetts,<ref>[http://archive.newsmax.com/romney/ Romney to the Rescue: Mitt Romney's Got the Right Stuff for 2008] Kessler, Ronald, newsmax.com archives, retrieved April 27, 2012.</ref> the same seat that Republican [[Scott Brown]] won after Kennedy died. In 2018, Romney ran for Utah's Senate seat when he could have run again for Massachusetts' seat—narrowing the GOP's opportunity to expand its Senate majority.<ref name="MA,UT2018"/>

Romney was defeated for the nomination for president in 2008 by [[John McCain]]. In 1994 – a year of landslide victories for Republicans – Mitt Romney came up short in challenging incumbent Senator [[Ted Kennedy]] of Massachusetts,<ref>[http://archive.newsmax.com/romney/ Romney to the Rescue: Mitt Romney's Got the Right Stuff for 2008] Kessler, Ronald, newsmax.com archives, retrieved April 27, 2012.</ref> the same seat that Republican [[Scott Brown]] won after Kennedy died. In 2018, Romney ran for Utah's Senate seat when he could have run again for Massachusetts' seat—narrowing the GOP's opportunity to expand its Senate majority.<ref name="MA,UT2018"/>

Before entering politics Romney was a businessman in Boston, having served as CEO of [[Bain Capital]], a private equity firm known for taking over American companies, laying off employees,<ref name="InvestorsProfits">Kraychik, Robert (January 3, 2019). [https://www.breitbart.com/radio/2019/01/03/henry-olsen-mitt-romney-put-investors-profits-over-american-jobs/ Henry Olsen: Mitt Romney Put ‘Investors’ Profits’ over ‘American Jobs’]. ''Breitbart News''. Retrieved January 3, 2019.</ref> and profiting from bankruptcy:<ref>https://thinkprogress.org/under-romney-bain-capital-made-millions-from-south-carolina-business-that-shut-down-laid-off-150-b855c39012ca/</ref>

Before entering politics Romney was a businessman in Boston, having served as CEO of [[Bain Capital]], a [[private equity]] firm known for taking over American companies, laying off employees,<ref name="InvestorsProfits">Kraychik, Robert (January 3, 2019). [https://www.breitbart.com/radio/2019/01/03/henry-olsen-mitt-romney-put-investors-profits-over-american-jobs/ Henry Olsen: Mitt Romney Put ‘Investors’ Profits’ over ‘American Jobs’]. ''Breitbart News''. Retrieved January 3, 2019.</ref> and profiting from bankruptcy:<ref>https://thinkprogress.org/under-romney-bain-capital-made-millions-from-south-carolina-business-that-shut-down-laid-off-150-b855c39012ca/</ref>

{{cquote|Under Romney, “four of the 10 companies Bain acquired declared bankruptcy within a few years, shedding thousands of jobs.” But documents show that “Bain investors profited in eight of the 10 deals, including three of the four that ended in bankruptcy.” Indeed, the firm pointedly made higher profits “by firing workers, seeking government subsidies, and flipping companies quickly for large profits.”}}

{{cquote|Under Romney, “four of the 10 companies Bain acquired declared bankruptcy within a few years, shedding thousands of jobs.” But documents show that “Bain investors profited in eight of the 10 deals, including three of the four that ended in bankruptcy.” Indeed, the firm pointedly made higher profits “by firing workers, seeking government subsidies, and flipping companies quickly for large profits.”}}