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The GOP presumptive presidential candidate Mitt Romney’s job creation record is in question while governor of Massachusetts. Obama for America has tracked and examined Romney’s record. President Obama believes in a job-creating economy built to last for all and not a select few.

What would Mitt Romney’s economic philosphy mean to America?

The national economy emerged from recession in November 2001 and was creating jobs by July 2003, while Massachusetts lagged six months behind under Mitt Romney’s watch. 

Here is the press release and video released by Obama for America on Romney Economics:

CHICAGO, IL — Obama for America today released a new video and content on the RomneyEconomics.com website that examine Mitt Romney’s economic record as governor of Massachusetts and what his economic philosophy would mean for America. Mitt Romney has consistently claimed that his business experience taught him lessons that will result in economic growth for the country. He pointed to the same business experience and made the same promises when he ran for governor of Massachusetts – that job creation would pick up, the debt would go down, taxes and spending would be reduced and the size of government would shrink. But Romney Economics actually resulted in slower job creation, more debt, bigger government and cuts to programs essential to the middle class.  It didn’t work then, and it won’t work now. 

The national economy emerged from recession in November 2001 and was creating jobs by July 2003, while Massachusetts lagged six months behind under Mitt Romney’s watch. The state’s economic growth stayed that way, trailing the rest of the country every year of Romney’s term. Massachusetts plummeted to 47th out of 50 in job creation and manufacturing jobs fell at twice the national average, the third-worst record in the country.

Mitt Romney has drawn the wrong lessons from his experiences, both in business and in Massachusetts, and is using his misguided economic philosophy to shape the policies he’s promoting in his run for the White House. He’s making the same promises he made when he ran for governor, and America can’t afford the same results we saw in Massachusetts.

President Obama believes we need a job-creating economy built to last – one where we grow the economy from the middle out, not the top down, and where hard work pays off, responsibility is rewarded, and everyone from Main Street to Wall Street does their fair share and plays by the same rules.

 

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