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View Full Version : We know about Obama's economy - let's look at Romney's



w00tasaurus
11-04-2012, 12:14 PM
A campaign ad that praises Mitt Romney’s performance as governor of Massachusetts presents a slanted view of his record on jobs, unemployment and taxes. To every claim, there is a “yes, but” qualifier.

1. The Romney ad claims that as governor, “Romney had the best jobs record in a decade.” Yes — Massachusetts added more net jobs during Romney’s four years in office than during the four-year period of either his predecessor or successor. But — that ignores the national recessions before and after Romney’s time in office. If you look at how Massachusetts stacked up on job creation compared with other states, Romney actually fared worse than his predecessor and successor.
2. The ad claims Romney “reduced unemployment to just 4.7 percent.” Yes — Massachusetts’ unemployment rate went from 5.6 percent to 4.6 percent under Romney. But — the state’s unemployment rate was slightly lower than the national rate when he took office, and was roughly the same as the national rate when he left office.
3. The ad claims Romney “balanced every budget without raising taxes.” Yes — Romney never raised personal income taxes. But — in order to balance the budget, Romney increased government fees by hundreds of millions of dollars.

Massachusetts ranked 47th out of 50 states over the entirety of Romney’s four years as governor in terms of job creation. By comparison, Massachusetts ranked 37th in job growth under Swift, and it ranked 10th in Patrick’s first term.
By that measure, Romney had the worst record in a decade.

The Massachusetts Budget and Policy Center concluded that the budget for fiscal year 2008, shortly after Romney left and Patrick took over, had a structural deficit even before the economic crisis hit.

Romney largely balanced the budget by cutting state aid to cities and towns, many of which responded by raising property taxes. In his first two years in office, Romney presided over a 15 percent cut in spending on unrestricted aid to cities and towns; he also cut more than 4 percent of funding for local schools.
Largely as a result, the average local property tax bill jumped more than $700 a year, or about 24 percent.

Only Louisiana, which was ravaged by Hurricane Katrina in 2005, saw a bigger decline in its labor force than Massachusetts during Romney’s tenure as governor.

Massachusetts lost 14 percent of its manufacturing jobs during Romney’s time in office.

http://www.boston.com/businessupdates/2012/09/05/governor-romney-faced-similar-economic-situation-obama-with-similar-results/S2cHk3JRGn0hHRnbEFuh2M/story.html
http://www.denverpost.com/romney/ci_21710799/romneys-record-massachusetts-governor-mixed-bag
http://www.washingtonpost.com/blogs/ezra-klein/wp/2012/09/05/deval-patrick-slammed-mitt-romney-last-night-but-do-his-facts-check-out/
http://www.factcheck.org/2012/06/romneys-jobs-record-is-best-or-worst/

w00tasaurus
11-04-2012, 12:29 PM
My OP was all about Romney's past. Looking to the future, if he is president, we can expect repeal of Obamacare which would slow much-needed health care reform, unnecessary tax cuts and benefits for the wealthy, let companies slide on environmental regulations. We can expect an unbalanced budget based on what he's told us so far, which is very little, and we can expect student loans hampered under his presidency.

"We'll see capital come back and we'll see -- without actually doing anything -- we'll actually get a boost in the economy."
-Willard Mitt Romney

leafs43
11-04-2012, 12:31 PM
Slowest recovery ever that at the current pace would take 10 years to recover versus a state that was saturated in jobs.....


Yep, pretty obvious to side with Romney on this one.

w00tasaurus
11-04-2012, 12:34 PM
Slowest recovery ever that at the current pace would take 10 years to recover versus a state that was saturated in jobs.....


Yep, pretty obvious to side with Romney on this one.

47th out of 50 for job creation
14% loss of manufacturing jobs
2nd biggest decline in labor force



"saturated in jobs"

leafs43
11-04-2012, 12:44 PM
47th out of 50 for job creation
14% loss of manufacturing jobs
2nd biggest decline in labor force



"saturated in jobs"


4.7% unemployment.


When everyone has a job law of diminishing returns kicks in.

w00tasaurus
11-04-2012, 12:45 PM
4.7% unemployment.


When everyone has a job law of diminishing returns kicks in.

2. The ad claims Romney “reduced unemployment to just 4.7 percent.” Yes — Massachusetts’ unemployment rate went from 5.6 percent to 4.6 percent under Romney. But — the state’s unemployment rate was slightly lower than the national rate when he took office, and was roughly the same as the national rate when he left office.

Look, I don't really see the Mass economy under him as being that bad, or good. Just mediocre. But a mediocre record on the economy is not what we need. And he really won't give any specifics as to how he is going to speed up recovery if he is elected president.

w00tasaurus
11-04-2012, 12:51 PM
Romney's tax plan calls for $5 trillion in cuts over 10 years without any impact on the budget. Romney says that he will accomplish revenue neutrality by capping itemized deductions — mortgage, charitable, etc. Third Way takes the three cap numbers Romney has floated in the campaign: $17,000, $25,000 (the amount he referred to in last night's debate) and $50,000. It finds that even under the most stringent cap, Romney is $4 trillion short of revenue.

http://www.thirdway.org/publications/597

leafs43
11-04-2012, 12:53 PM
2. The ad claims Romney “reduced unemployment to just 4.7 percent.” Yes — Massachusetts’ unemployment rate went from 5.6 percent to 4.6 percent under Romney. But — the state’s unemployment rate was slightly lower than the national rate when he took office, and was roughly the same as the national rate when he left office.

Look, I don't really see the Mass economy under him as being that bad, or good. Just mediocre. But a mediocre record on the economy is not what we need. And he really won't give any specifics as to how he is going to speed up recovery if he is elected president.


You just made the case for Romney lol.


Took unemployment down when it is challenging to bring it down.

Unemployment under Obama is higher than when he took office.


U mad?

w00tasaurus
11-04-2012, 01:00 PM
Like many past candidates, Mr Romney has been confrontational towards China on the campaign trail, promising to label it a currency manipulator on his first day in office, which went over badly with perhaps the only segment of the electorate that is solidly pro-free trade. “We have to assume Romney is lying about most of his plans,” one Republican academic observed.

http://www.economist.com/node/21564175

Romney’s economic advisers assert that his policies “will create about 12 million jobs in the first term of a Romney presidency.” However, several independent analysts have forecast that over the next four years the economy will create 12 million jobs, regardless of who is president.

http://www.csmonitor.com/Commentary/Opinion/2012/1102/Six-points-where-Mitt-Romney-and-his-economic-advisers-are-mostly-wrong/Romney-s-12-million-jobs-claim

GBLynden
11-05-2012, 01:37 AM
Romney is the only option between the two leading candidates. You are ignorant as **** if you think otherwise.

w00tasaurus
11-05-2012, 07:07 AM
Romney is the only option between the two leading candidates. You are ignorant as **** if you think otherwise.

A very compelling argument. Thank you for your informed and thoughtful points.

Tekkendo
11-05-2012, 07:10 AM
http://sadhillnews.com/wp-content/uploads/2011/07/obama-puppet-teleprompter-george-soros-junkie-sad-hill-news.jpg

http://i.i.com.com/cnwk.1d/i/tim/2012/03/26/ctm_0326_PLANTE_480x360.jpg

http://www.lakeshorelaments.com/wp-content/uploads/2012/09/Bumper-Sticker-Ithaca-Obama-Scorecard-e1346764121460.jpg

http://images.sodahead.com/profiles/0/0/1/4/2/8/1/1/9/obama-84440847347.jpeg


http://lmaobama.com/wp-content/uploads/2011/09/obama-kool-aid-batch.jpg#obama%20Kool%7EAid%20gif%20%20500x358

Tekkendo
11-05-2012, 07:12 AM
http://www.mittromney.com/sites/default/files/shared/presidentialaccountabilityscorecard.jpg

http://www.mittromney.com/sites/default/files/presidentialaccountabilityscorecard1_0.jpg

http://sphotos-a.xx.fbcdn.net/hphotos-ash3/545297_10150874609936121_760700363_n.jpg

w00tasaurus
11-05-2012, 07:14 AM
Again, thank you for your well-thought out arguments. You are a gentleman and a scholar, and I tip my hat to you, good sir.

House722
11-05-2012, 07:21 AM
But a mediocre record on the economy is not what we need.
But we're supposed to keep Obama?

lol, gtfo.

Tekkendo
11-05-2012, 07:33 AM
2. The ad claims Romney “reduced unemployment to just 4.7 percent.” Yes — Massachusetts’ unemployment rate went from 5.6 percent to 4.6 percent under Romney. But — the state’s unemployment rate was slightly lower than the national rate when he took office, and was roughly the same as the national rate when he left office.

Look, I don't really see the Mass economy under him as being that bad, or good. Just mediocre. But a mediocre record on the economy is not what we need. And he really won't give any specifics as to how he is going to speed up recovery if he is elected president.

And the nuthugger said Romney sucked........cuze 5.6% - 4.6%




......But we should retent the loser whose term showed this, instead.....

http://static5.businessinsider.com/image/5093d0c86bb3f7760c00000d-889-559/romer-bernstein-chart.png?maxX=597&maxY=375

http://25.media.tumblr.com/tumblr_maz6jyqbBk1qe7o2fo1_500.gif

PzMyers
11-05-2012, 09:16 AM
Romney doesn't care about america, he only cares for his own pockets