Well, I am not going to say anything. I just want you to provide the transcript. You make of it what you want. I have my thoughts about it, but as my mother always told me, you can't get stomach aches from words you swallow. So far I intend to swallow mine.
May the transcript be useful to someone.
Former Governor Mitt Romney, R-Mass., Presidential Candidate and Ann Romney in an Interview on “Piers Morgan Tonight” "
July 26, 2012
MORGAN: Tonight, my interview with Mitt Romney. The man who wants to be leader of the free world. But how would a President Mitt Romney handle the economy?
M.ROMNEY: I want to get America stronger with an economy that creates the jobs that people need.
MORGAN: Tonight, big question for the man who will be the Republican nominee.
MORGAN: Had a congressman shot in the head and nearly assassinated. Seventy people hit and wounded and killed in a movie theater. Terrible things happen.
M.ROMNEY: The truth is, there's no particular change in law that's going to keep people who are intent on doing harm from doing harm.
MORGAN: And with the Olympic ceremony just hours away, his wife Ann talks about her battle with MS and why she says horse riding saved her life.
A. ROMNEY: Getting back on a horse, I started getting better and stronger.
MORGAN:( Mitt and Ann Romney. This is "PIERS MORGAN TONIGHT."
I'm at the old Royal Naval College in London, one of our finest historical and military monuments. Behind me is the Equestrian Centre for the Olympic Games. And the reason that's relevant is that my guests tonight, Mitt Romney and Ann Romney, and Ann Romney has a horse in that race. She actually has a part ownership in Rafalka, which is in the dress hour section of the Olympic equestrian competition.
Tonight, I'll be talking to the Romneys about that and about the election. And, well, just about everything else. Including their very enduring and very touching love story.)
Governor and Mrs. Romney, it must feel -- how does it feel to be back at the Olympics? Because the Olympics have been such a huge part of your life. You helped turn around the Salt Lake Olympics. Are you excited to be back here now?
M.ROMNEY: It's great. It's absolutely fabulous. You know I'd never been to an Olympics before I was given the Olympic job. I mean I've done the same thing everybody else did. I watched the games on TV. But to actually be here and to experience not just the athletes but also the volunteers who are working hard and excited, and then the whole community comes together.
It's fabulous. And these games, you know, great weather, enthusiasm on the part of the people here in London. I think you're going to see terrific games that will be long time in our memories.
MORGAN: You've been slightly criticized for knocking the British enthusiasm. As if you haven't picked up much enthusiasm. You feeling it now?
M.ROMNEY: Well, I'm delighted to see the kind of support that has been around the torch for instance. I watched last night on BBC an entire program about the torch being run across Great Britain. And the kind of crowds. I guess millions of people that turned out to see the torch. That's what you hope to see.
MORGAN: I made a fascinating discovery last night, Governor, which is that you are more English than I am. Did you know this?
M.ROMNEY: I did not know that.
MORGAN: Your great, great, great grandfather, Miles Romney, was born in Preston, Lancashire. My great, great grandfather was born in Ireland. You are technically more English than me.
M.ROMNEY: Well, I knew that my ancestors came from here. And I know Miles Romney. And Miles Park Romney. These are the folks that came and helped settle the West. But it's -- I didn't realize I was more English than you are but --
MORGAN: Do you feel -- do you feel partly English?
M.ROMNEY: Well, I'm married to a girl from Wales.
MORGAN: Yes.
M.ROMNEY: And I'm a guy from Great Britain so I'm -- I feel like this is home, too, I guess.
A. ROMNEY: And I saw a good omen as we were driving in. The road in front the horse park where we're sitting in front of is Romney Road.
MORGAN: Is it really?
A. ROMNEY: Yes.
MORGAN: Isn't that extraordinary?
M.ROMNEY: Yes.
A. ROMNEY: I thought it was quite interesting.
MORGAN: On the Salt Lake, you've used this as an example of your business skills being able to turn things around. And that's been a theme -- well, we'll come to Bain Capital and that later. Why do you think the particular skill set that you had to deploy at the Salt Lake Olympics, which by common consent was a triumphant turnaround? Why would that work with America incorporated?
M.ROMNEY: Well, of course, the Olympics, that's very different than a country. And a business is very different than the country, but people who learn the experience of leadership, whether in their homes, in their community, in their business or in something like the Olympics, those lessons of leadership can be applied to other circumstances.
In our case at the Olympics we faced tough times. We built a strong team. I was able to establish with them a clear vision of what we needed to do. We tackled a budget crisis that we faced. And we were able to come together in a way through unity that produced an extraordinary success.
The country is in need of a turnaround. The Olympics was a turnaround. There are businesses I've been associated with that needed a turnaround. That kind of experience, of focusing on the most critical issue, building the most effective team possible, creating a common vision, unifying around that vision, and then delivering results, is something I think the American people would like to see in our economy right now.
MORGAN: Ann, you were heavily involved at the time. And it seemed to most people there were two reasons that you both felt compelled to get involved in it. One, you just lost an election. Maybe had a point to prove. Something to do other than anything else.
And in your case, you were just recovering from this devastating news about being diagnosed with MS. It kind of gave you a common purpose. It was a very poignant moment when you were asked to allow someone who was your hero to hold the torch and you chose your wife.
Tell me about that.
M.ROMNEY: Well, Ann had been diagnosed with MS in about 1998, and she was going downhill fast. Her right side was numb. She was having a hard time getting up stairs. We were looking at potentially seeing a wheelchair in her future. And so as we got closer to the Olympics, and she got stronger and stronger, we were -- we were hopeful that Ann might be someone who could carry the torch into Salt Lake City.
She made the kind of progress that suggested to the people who knew her that she was a hero. And the people we selected for torchbearers in our games were people who'd inspired us.
I noticed here in Great Britain the theme in the games is "Inspire a generation."
MORGAN: Yes. Yes.
M.ROMNEY: Well, inspiration was really the heart of our torchbearers as well. And for me there was no one who had inspired me more than Ann. And So I nominated her to be a torchbearer. And as a donor to the games, I got to choose one. And I chose Ann. And I can tell you it was an emotional moment for my family. As she got the torch. And ran it the quarter mile or so that she had the torch.
MORGAN: For you, I mean, people I don't think have fully grasped just how sick you were or how sick you certainly felt at the time. What did that moment do for you?
A. ROMNEY: It was just so symbolic. Because I was barely -- I was struggling with even walking as I -- as we came to Salt Lake three years before the games started. And then to know that -- I don't know, that everything had come together and that there was -- my life was going to be OK. And that I was getting my strength back.
It was as though you recognize blessings in your life and there's markers sometimes that are put down where you stop and pause and say, wow, look, look where I've come, look where I was, and look where I am now. And it was -- it was so significant for me to know that I was going to be OK. And that through all the things I was doing, part of it, the most important part of my recovery was really the guy sitting next to me.
He was the one when I was in my really, really darkest place gave me hope and said it's going to be OK, we're going to be OK.
[Romney on gun laws to follow]
MORGAN: You're a man known for compromise. For doing deals. Getting stuff done. Not getting overly irrational about issues. You've done it in your business career. You've done it in your political career.
The big issue in America right now is guns. And we had this appalling shooting on Friday at Aurora in Colorado. The worst single shooting in the history of the United States. And the usual debate, the one that I've heard since I've been in America, flare up every time these things happen. There should be tighter laws.
I'll be honest with you. I'm disappointed when nothing happens each time. You know, as I think Mayor Bloomberg put it to me, what does it take to change things? You've had a congresswoman shot in the head and nearly assassinated. Seventy people killed in a movie theater. Hit and wounded and killed in a movie theater. Terrible things happen.
What does it take to change the gun culture? To mean a change in the law isn't a contentious issue?
M.ROMNEY: Well, I think the idea that somehow if you had a law saying that guns were going to be regulated in some way that that would end gun violence, why, there might be some merit to having that discussion. But the truth is, there's no particular change in law that's going to keep people who are intent on doing harm from doing harm.
The governor of Colorado who's a Democrat said, look, gun laws aren't going to keep evil people from doing evil things.
MORGAN: No, but shouldn't a political leader be the one that says actually we're going to do whatever it takes to make it as difficult as possible? That's what we do with terrorism. The whole fight against terrorism. It's waged on making it as hard as possible for terrorists to do anything. You just try and cut the loopholes down.
I -- here we are in Britain. So I can talk about this without feeling it's not my country. And we have very strict gun laws here. And we have very few gun murders. Fifty maybe on average a year. Japan has almost no guns and has almost no gun murders.
America now has 300 million guns in circulation and has the highest murder rate with guns of any of the so-called rich civilized countries. The reaction on Friday was no politician called for stricter laws. But 43 percent spike in Colorado in local people wanting to arm themselves with more weapons.
It can't go on like that, can it?
M.ROMNEY: Well, we do have a Second Amendment. And I respect the right of people to bear arms for any legal purpose. You say that we have 300 million guns, saying somehow guns are illegal and try to collect 300 million guns would be lunacy, fallacy, a folly. That's not going to happen. That's not going to happen to our country. People have a right to be able to bear arms.
The real question is, what things can we do, to do as you say, prevent the kinds of tragedy from occurring that we saw? And the answer there is to find people who are distressed and deranged and evil and do our very best to find them, to cure them, to help them, to keep them from being able to do harm to one another --
MORGAN: But this guy, James Holmes, the shooter in Aurora, he wouldn't have been picked up by anything. He had no history of mental illness. He had no history of criminality. I think a driving offense of some sort. He was able to walk in -- this is what I find staggering. Buy four weapons, including this assault rifle. Then on the Internet, thousands of rounds of ammunition. And a gun cartridge which could hold 100 bullets, which enabled him to fire at 70 people in a matter of a minute or two.
And I say, where is the movement now by political leaders in America to mean that there can't be another guy who can do that as easily?
M.ROMNEY: Piers, there was a guy in Norway that went up and shot how many students? Seventy students? They have very strict gun laws in Norway. But that doesn't keep the person from doing what happened in Norway because saying to a deranged person, you're breaking the law, isn't going to keep them from doing terrible things and hurting people.
We of cocourse have all sorts of laws against bombs and making bombs. But this individual had bombs in his apartment. If he didn't have a gun, he'd have used a bomb. The idea that somehow the instrument of violence, if one can make it illegal, would keep a person from doing something illegal, I just don't think is a policy that actually will be successful.
MORGAN: I mean the final point I'd make on this is when you're governor of Massachusetts, you did extend a ban on these kind of assault weapons because you did feel there was a qualitative difference between shooting and hunting and the guns you need for that, and having guns where the only capability appears to be mass killing.
M.ROMNEY: Actually in Massachusetts we had the pro-gun lobby and the anti-gun lobby come together and fashion a bill that both thought was a -- was an advance. It provided more rights for hunters and the capacity for them to carry out hunting throughout the state. So it's supported by both sides of the debate. That's one reason why I was able to support that.
MORGAN: But President Obama last night in a speech made a big speech which looked on the face of it he's getting credit for this. Looked like he was moving to change things. But actually when you study the detail, hard to find a specific "We should change this law."
If he called you up and said, look, we need to get together in the wake of this, as I say, the worst ever shooting, we need to get together, do a compromised deal that just makes it more difficult for people like this to evade the system, would you at least, in principle, be happy to have that conversation?
M.ROMNEY: Piers, I don't support new gun laws in our country. We have a lot of gun laws now. We have background checks and other restrictions on gun ownership in our country. But as you say, we have 300 million guns in America. We have a Second Amendment that protects the right of people to bear arms. I support that. I think that the effort to continue to look for some law to somehow make violence go away is missing the point.
The real point has to relate to individuals that are deranged, distressed, and to find them, to help them, and to keep them from carrying out terrible acts.
Timothy McVeigh. How many people did he kill? With fertilizer? With a -- with products that can be purchased legally anywhere in the world. He was able to carry out vast mayhem. Somehow thinking that laws against the instruments of violence would make violence go away I think is misguided. MORGAN: When we come back, we'll talk about the forthcoming election and about the opinion polls. I want to ask Mitt Romney why is it that more people trust him with the economy than Barack Obama. But they don't find him anywhere near as likable.
MORGAN:( That's Canary Wharf in East London, a few minutes' walk from the Olympic Stadium. Republican presidential candidate Mitt Romney is back with me now, along with his wife, Ann.)
Now, Ann, the good news is that according to the latest polls, on the economy, 51 percent of Americans trust your husband more than Barack Obama who gets 41 percent. The bad news is on likability, 60 percent like Barack Obama and only 30 percent like Mitt Romney. You're one of the people who would tick both boxes clearly. You think he's right for the economy and he's likable. What are you going to do about making Americans like Mitt more?
A. ROMNEY: I don't know about that one. But, you know, the 51 percent we need to obviously get that to about 78 percent. I mean about who's best to handle the economy. And I think at the end of the day that is what people are going to really feel confident about, where they're going to go on the ballot because this economy is just sputtering along. We're even worried that it's going to go into another recession right now.
And, you know, they're going to have to trust and believe that this is the guy that's going to get the job done and get the jobs back. And they're going to -- they're going to have to make that decision about an economic decision. Now, I'll work as hard as I can on the likability piece. Because that's wrong, too. You know, he --
MORGAN: But he seems a perfectly likable chap to me. I don't understand it.
A. ROMNEY: Yes. We'll get over that one.
MORGAN: On the economy, clearly Barack Obama has decided your weakness, your vulnerability, is your record at Bain Capital. And it's a very divisive issue. And quite a fascinating issue because when I look at some of these attack ads, it's almost like he's attacking you for being successful and rich which is not a traditional area of battleground to an American from an American because America was founded on working hard, achievement, success, and making money.
How do you feel about the way that you're being attacked in that way?
M.ROMNEY: Well, I think there are attacks coming for being successful. Their efforts to try and minimize people that have been able to build businesses and be successful, I think we as a society have long encouraged our kids to do well in school. We've encouraged people to get promotions at work. To work harder and do better and better.
We value people who take an individual initiative to start a business and build it. And I'm proud of the fact that at Bain, the consulting firm, which I helped lead in a time of trouble, and also Bain Capital, which I helped found and helped built, I'm proud of the fact that we were able to strengthen enterprises that now employ a lot of people.
We were able to invest the money of pension funds and charities. That's what Bain Capital did. It wasn't our money. It was other people's money. We were hired to invest. We invested it well. And we were able to invest in some businesses which grew and thrived. Some of which have thousands upon thousands of employees. This is a very exciting thing. And a very positive part of my record. Really at this stage, the key is who can get the economy going. Who knows something --
MORGAN: Do you accept, do you accept that when you're running a company like Bain that was hugely successful, no one disputes that, you're going in, taking over companies, either you're investing in them as start-ups or as it turned out to be a more leveraged buyout situation. You go in and you give them your expertise. I think your preferred way was to keep the existing CEOs and incentivize them to do better with your help. And some succeeded. Some failed.
People have tried to portray you as a kind of ruthless money machine who some failed, some succeeded, you didn't care, you still got your fees or you made a ton of money. But actually quite a few of the companies that failed a lot of people lost their jobs, their livelihoods, and lost money.
To me, the key question is, do you know instinctively from your recollections how many of those companies that you went into would have failed anyway if you hadn't?
M.ROMNEY: Well, there's no question but that a number of places where we went in and invested we were investing in enterprise that was in trouble. That -- where the future was very much in doubt for it. And we invested in one business. I think it lost 50 or 60 or more million dollars the year before we invested. And A lot of people didn't want to touch it.
And we were able to go in there with the current management team. Help get the business back on track. As an investor, the managers really ran it. But they were able to turn it around and see a real success. And it's still around today, doing quite well. And provides jobs for a lot of people.
The idea that somehow making a business profitable is different than helping people is really a foreign idea. Because the whole American free enterprise system is associated with creating success, making businesses profitable. That means they can hire more people and grow. And every investment that I made while I was responsible for an investment firm, every investment was designed to try and help the business grow and to become more successful.
It killed us if something was not successful. If a business we started, for instance, couldn't make it, and there were several like that, but there were several that took off in ways we never would have imagined. There were other businesses that were existing businesses. We wanted to make better. Most of them we did make better. Those that we didn't, we felt terrible about. By the way we lost money. Investors money.
We became investors ultimately in our -- in our career. We lost our own money in some of these cases. But the key was we wanted all of them to be successful. That's the nature, by the way, of the free enterprise system. Not everything you invest in is successful. Hopefully most are. And as the people who invested with us, the pensions and charities and college endowments and investors with us know most of our work was successful.
MORGAN: Ann, how do you feel about being married to a man who is clearly very successful, made a lot money for the family, things that normally are applauded in America by other Americans. They say good, good on him. But they're trying to position this now as a negative against him. Trying to position you and your family as too rich, out of touch with the average Americans. Ruthless businessman. All that kind of thing.
You've lived and worked alongside Mitt all that time. How do you feel about that?
A. ROMNEY: Well, I think the whole piece that is missing is, again where Mitt is coming from and what motivates him and what really drives him. And if you look at what really drives him, it's compassion. It's caring for others. And for me it's an irony that they're trying to attack him on -- in an area where he's actually shines the brightest. And I don't think that's an area where people would ever understand that.
I don't think there are many people that would have been in mitt's position having been a very successful company making a lot of money and really walked away from it and gone and done something as risky as running the Salt Lake games and taking no salary for three years. I don't think there are many people that would sign up for that. And that --
MORGAN: Presumably, he could have made a lot more money if he just stayed at Bain, right?
A. ROMNEY: Absolutely, would have been a lot different.
MORGAN: I mean I heard --
A. ROMNEY: But --
MORGAN: Everyone of the other partners is a billionaire. You must feel like you've missed out.
M.ROMNEY: I can't characterize how well they've done but they've done a lot better than I did. But I went on and did something which I cared very deeply about. And then ran for governor of Massachusetts and made a contribution there. And I'm doing this now.
A. ROMNEY: And that --
M.ROMNEY: Because I care about the country.
A. ROMNEY: And I think -- I wouldn't have traded that for any amount of money in the world. What the experience we had. And that is what is so wonderful.
MORGAN: Does this really annoy you that that's what people think you're all about, the Romneys?
M.ROMNEY: Piers --
MORGAN: I mean you --
M.ROMNEY: Piers, there are people who are trying to attack success and are trying to attack our success. That's not going to be successful. When you attack success, you have less of it. And that's what we've seen in our economy over the last few years. Dividing America based on who has money and who hasn't. Who is successful and who is less successful. That is not the American way. We're a nation -- you know, I heard Marco Rubio the other day, he said, you know, we were poor living in Miami. We saw these big homes. Across town. My parents never said to us, gee, why don't those people give some of what they had?
They said, instead, aren't we lucky to live in a country --
MORGAN: Yes.
M.ROMNEY: -- where with education and hard work we might be able to achieve that ourselves? We're an achievement celebrating, oriented nation. That's what lifted us and will continue to do so and the attacks that come by people who are trying to knock down my business career or my Olympic experience or our success, those attacks are not going to be successful.
People want more success. They don't want -- want less success.
MORGAN: From here, Mitt Romney goes to Israel. After the break, I'll talk to him about a world increasingly in crisis.
[Romney on Foreign Policy Issues top follow]
MORGAN: Let's move onto foreign policy. We're here in Britain. You're off to Israel, Poland, clearly whoever's President of the United States, hugely important, significant figure on the world stage. What is your -- if you were to sum up your kind of overview of how you would like to conduct American foreign policy, what would you say?
M.ROMNEY: Well, I'd go back to the early days following the Second World War, where Harry Truman and Dean Acheson, then secretary of state, really created a foreign policy our nation has followed over the years, which is that we stand for something; we have American values, we promote them. We will be strong. We have military strength of our own, economic strength, moral strength.
We link arms with our allies and we promote our values through our strength, military and non-military, throughout the world. My own view is that having confidence in our cause and clarity in our purpose as well, as resolve in the application of our might, that those -- that those principles form the foundation of an effective foreign policy.
MORGAN: And there's no doubt that in the George Bush years, those eight years, America's reputation took a pounding around the world, rightly or wrongly, because of the foreign policy, particularly the Iraq War. How will you be different as a Republican president? How will you avoid the kind of pitfalls perhaps that President Bush fell into?
M.ROMNEY: Well, first, I have to note that as tradition for our nation, I, being on foreign soil, avoid speaking about a new foreign policy or my foreign policy or doing that in a place that would in any way detract from the president's effort to pursue his own foreign policy. So I really can't -- I can't go down that path.
I can tell you that I think President Bush took action which he believed, based upon the information that was available to him, both from British intelligence and intelligence in our country and around the world, that Saddam Hussein presented a very serious threat to the world, including the potential of weapons of mass destruction. And he took action which he believed was necessary to protect our people and our friends.
MORGAN: America's had the reputation of being the world's policeman, certainly for my lifetime. It's quite a responsibility. Is it one that America continues to need to have? You need to be the world's policemen or, as you say see superpowers emerging -- China, India and others -- is it time for that responsibility to be spun around a little bit?
M.ROMNEY: I don't think anyone signs up for the term -- when I say anyone, I don't think any of the leaders of our nation signed up for the idea of America being the policemen of the world. But nonetheless, America has been and I believe must continue to be the leader of the free world. And I think the free world needs to be the leader of the entire world.
And being leader of the free world means having clear and defined goals and values, sharing them with other nations.
I think our nation's leadership has been perhaps the greatest source of a national entity's good that you've seen on the world stage, freeing people from tyrants, spreading free enterprise and lifting people out of poverty, even in places like China. A great portion of China's strength today is the free enterprise system, which has been borrowed in some respects from our nation.
MORGAN: In terms of Syria, you talk about dictators and so on, people being -- Assad should go. There is a humanitarian crisis that's unfurling, getting worse by the day. What do you do? I mean, is the natural instinct of an American president, if you were there, right now, would you just be saying, enough? We've got to get in there and take this guy out.
M.ROMNEY: Piers, again, I -- given the fact I'm on foreign soil, I really am not going to delve into foreign policy prescriptions that would interfere with the foreign policy of our current president.
We all watch with horror at the reports that are coming from Syria and look for the best avenues to prevent that from occurring. But I -- as to my own views of what I do differently than the president, that's just not --
MORGAN: No, I understand.
MORGAN: I understand that's tradition.
MORGAN: When we come back, inside the Romney family, and in particular, inside their rather unique Olympics.
MORGAN: There are two question I always ask most of my guests, and I see no reason why you should avoid them, Governor. And one is -- I think I know the answer to this, but how many times have you been in love in your life, properly in love?
(.... ok, they love each other and only each other .... the rest is irrelevant)