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Background
Special> 2012 United States Presidential Election > Background
UPDATED: October 19, 2012 NO. 40 OCTOBER 4, 2012
Republican Party (Challenger)
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(XINHUA)

- Governor Mitt Romney

Republican presidential candidate Romney is a businessman and former governor of Massachusetts. Born in 1947, he had a successful career as head of private equity investment firm, Bain Capital, and his net worth is approximately $200 million to $250 million.

Romney's notable achievements include a role as head of the organizing committee for the 2002 Olympics in Salt Lake City, and passing comprehensive health reform in the state of Massachusetts. His model of mandated insurance was used for the national Affordable Care Act. Romney said he is opposed to the national healthcare law, saying he believes it should be an individual state decision.

(XINHUA)

- Representative Paul Ryan

Republican vice presidential candidate Ryan, 42, is one of the Republican Party's young up-and-comers. He was elected to Congress at age 28.

Ryan's strong views on reducing the national debt and cutting government spending have boosted the ticket's support among fiscal conservatives. He is the architect of the House Republicans' budget proposal to slash programs like Medicare and unemployment benefits. His proposed budget reduces discretionary spending from 12.5 percent of the GDP to 3.75 percent by 2050.



 
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