Mitt Romney's Super-Expensive, Federally-Funded Olympics

The GOP candidate pried $1.5 billion out of the federal government to bankroll his Olympic turnaround. Millions went to questionable projects that benefited well-connected Utahns.

The Romney campaign will run television ads during the games touting the candidate's experience as CEO of the 2002 Salt Lake City Olympics, where he was widely credited with turning around the scandal-plagued organizing effort. What Romney doesn't talk about, at least not anymore, is the help he got in pulling off the most expensive Olympics in American history. Full Story »

Posted by Pamela Hogle - via Mother Jones

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Review

Dwight Rousu
4.6
by Dwight Rousu - Jul. 27, 2012

A good historical report on RawMoney's snow job.

In their exhaustively researched Sports Illustrated accounting, Barlett and Steele explain how many Olympics projects amounted to little more than slush funds for wealthy donors to the games. Wealthy Utahns used the games as an excuse to receive exemptions for projects that would otherwise never meet environmental standards, or to receive generous subsidies for improvements of questionable value to the games—but with serious value to future real estate developments.

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