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Transcript of Mitt Romney's speech to the Republican National Convention

Published: Thursday, Aug. 30 2012 9:28 p.m. MDT

"But for too many Americans, these good days are harder to come by. How many days have you woken up feeling that something really special was happening in America?

"Many of you felt that way on Election Day four years ago. Hope and Change had a powerful appeal. But tonight I'd ask a simple question: If you felt that excitement when you voted for Barack Obama, shouldn't you feel that way now that he's President Obama? You know there's something wrong with the kind of job he's done as president when the best feeling you had was the day you voted for him.

"The President hasn't disappointed you because he wanted to. The President has disappointed America because he hasn't led America in the right direction. He took office without the basic qualification that most Americans have and one that was essential to his task. He had almost no experience working in a business. Jobs to him are about government.

"I learned the real lessons about how America works from experience.

"When I was 37, I helped start a small company. My partners and I had been working for a company that was in the business of helping other businesses.

"So some of us had this idea that if we really believed our advice was helping companies, we should invest in companies. We should bet on ourselves and on our advice.

"So we started a new business called Bain Capital. The only problem was, while WE believed in ourselves, nobody else did. We were young and had never done this before and we almost didn't get off the ground. In those days, sometimes I wondered if I had made a really big mistake. I had thought about asking my church's pension fund to invest, but I didn't. I figured it was bad enough that I might lose my investors' money, but I didn't want to go to hell too. Shows what I know. Another of my partners got the Episcopal Church pension fund to invest. Today there are a lot of happy retired priests who should thank him.

"That business we started with 10 people has now grown into a great American success story. Some of the companies we helped start are names you know. An office supply company called Staples — where I'm pleased to see the Obama campaign has been shopping; The Sports Authority, which became a favorite of my sons. We started an early childhood learning center called Bright Horizons that First Lady Michelle Obama rightly praised. At a time when nobody thought we'd ever see a new steel mill built in America, we took a chance and built one in a corn field in Indiana. Today Steel Dynamics is one of the largest steel producers in the United States.

"These are American success stories. And yet the centerpiece of the President's entire re-election campaign is attacking success. Is it any wonder that someone who attacks success has led the worst economic recovery since the Great Depression? In America, we celebrate success, we don't apologize for it.

"We weren't always successful at Bain. But no one ever is in the real world of business.

"That's what this President doesn't seem to understand. Business and growing jobs is about taking risk, sometimes failing, sometimes succeeding, but always striving. It is about dreams. Usually, it doesn't work out exactly as you might have imagined. Steve Jobs was fired at Apple. He came back and changed the world.

"It's the genius of the American free enterprise system — to harness the extraordinary creativity and talent and industry of the American people with a system that is dedicated to creating tomorrow's prosperity rather than trying to redistribute today's.

"That is why every president since the Great Depression who came before the American people asking for a second term could look back at the last four years and say with satisfaction: 'you are better off today than you were four years ago.'

"Except Jimmy Carter. And except this president.

"This president can ask us to be patient.

"This president can tell us it was someone else's fault.

"This president can tell us that the next four years he'll get it right.

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