How did Mitt "save" the financially teetering Olympics? With a massive increase in FEDERAL FUNDING.
Yeah, he's such a financial wizard that he was able to engineer the financial turnaround of the Olympics by arranging for the TRIPLING of federal funding.
http://www.washingtonpost.com/sports/10-years-after-salt-lake-city-olympics-questions-about-romneys-contributions/2012/02/01/gIQABnCX9Q_story_2.html
Yet Romney also took steps that could come back to haunt him in the Republican presidential campaign: He worked extensively to secure more federal funding for the Salt Lake Games than for any U.S. Olympics in history.
In his book, Romney complained that the organizing committee’s previous leadership had anticipated federal financing for security, transportation and other key Olympic elements — all of which fell outside the operating budget — but hadn’t actually secured the necessary appropriations from Congress.
Romney moved quickly, asking Gillespie, the Olympic committee’s lobbyist, “to bring in more federal funding than had ever been appropriated for any Olympics, summer or winter,” according to his book. He then personally made the case for that federal support with Utah’s governor at the time, Mike Leavitt (R); with the White House; and with senior members of Congress, including his onetime political nemesis, Sen. Edward M. Kennedy (D-Mass.).
Despite opposition from Sen. John McCain and other Republican leaders, the Winter Games’ federal budget grew from $200 million to about $600 million on Romney’s watch, according to his book. When various transportation and other works projects are included, the federal government spent an estimated $1.5 billion from the time the Games were awarded to Salt Lake City in 1995 until they took place in 2002.
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