Romney did restore sponsor and public confidence in the Olympic committee and erased a $400 million deficit. His operating budget finished with a $100 million surplus. But not included in that budget were hundreds of millions of dollars spent for security and transportation infrastructure — money not paid back with Olympic revenues.
Romney had no control over that spending, and his aides openly said some of the infrastructure projects were not needed for the Olympics. So, Romney deserves credit for the budget surplus, but it's also a stretch to say the Salt Lake Olympics were "profitable."
And here's Mitt boasting about the "huge increase" in Federal spending that he was able to obtain -- $400 million dollars.