Mitt Romney Declares Presidential Candidacy

Feb. 13, 2007 — -- He is the former Republican governor of blue state Massachusetts. He made his fortune in venture capital. And today, emphasizing his Midwestern roots in his home state of Michigan, where his father was a three-term governor, Mitt Romney declared his candidacy for president.

In front of a vintage Rambler at the Ford Museum, Romney paid homage to his past, discussed the importance of faith and family and talked about America's future.

"It has been said that a person is defined by what he loves and by what he believes and by what he dreams. I love America and I believe in the people of America," Romney said.

Romney also touted his real world experience, a subtle dig at other candidates in the presidential pool, saying he did not believe Washington could be changed by a "lifelong politician" or "someone who has never tried doing such a thing before."

"Throughout my life, I have pursued innovation and transformation. It has taught me the vital lessons that come only from experience, from failures and successes, from the private, public and voluntary sectors, from small and large enterprise, from leading a state, from being in the arena, not just talking about it."

"Talk is easy, talk is cheap," Romney said. "It is doing that is hard. And it is only in doing that hope and dreams come to life."

Known as a shrewd businessman, Romney also balanced the Bay State's budget during his time as its governor. It's the same way he rescued the 2002 Olympics in Salt Lake City, balancing the budget and putting the Games back on their feet.

"He would roll up his sleeves and be immersed in the details and deal with every problem," said Salt Lake City Mayor Rocky Anderson.

Romney's harshest swear is "bloomin." He doesn't drink or smoke, and his lone vice -- sugary cereal before bedtime.

Romney spent his high school years in the elite Cranbook Schools in the wealthy northern suburbs of Detroit. His classmates describe him as a prankster, and like President Bush he was a cheerleader.

He married his high school sweetheart, Ann. Together, they have five grown children and 10 grandchildren. In 1998 Ann was diagnosed with multiple sclerosis, which helps explain Romney's approval of embryonic stem cell research, though only on embryos left over from fertility treatments.