Video: What the election is really about

posted at 2:01 pm on May 23, 2012 by Ed Morrissey

After a few days fighting the Bain wars, both Barack Obama and Mitt Romney pivot today — but in telling directions.  While Obama tries talking about senior citizens and veterans, Romney pulls the debate right back to the economy in his new ad, “Stories from the Obama Economy,” which could have been shortened to just “Obamanomics.”  It’s the subject that Obama keeps avoiding, while Romney keeps hammering on it:

Earlier today, I got into a polite debate with an editor at Business Insider over job creation over the last three and a half years in the private sector.  He called it “impressive,” which I found to be a puzzling notion.  A look at the BLS data for seasonally-adjusted employment in the private sector since January 2009 shows a grand total of 35,000 additional jobs added.

If one starts from the point of recovery in June 2009, the actual net gain looks a little different, at 3.087 million jobs added.  But that only averages out to 90,079 jobs added per month in the 34 months since recovery, which isn’t nearly enough to keep up with population growth and added workforce-eligible adults, which most economists estimate at 120,000 or more a month.  The rate of growth in the private sector this year has only averaged 137,500 per month, which barely keeps pace with population growth.  It’s hardly “impressive,” unless one means impressive in a significantly negative manner.

As Romney’s ad shows, the real issue in this election is the 23 million left behind by Obamanomics.

On the other hand, if Obama wants to make it about “vampire capitalists,” ABC’s latest on Obama’s own team might make for a couple of uncomfortable questions:

Are “job destroyers” sitting on President Obama’s jobs council?

There could be, if you believe the argument from Democrats and the Obama campaign that private equity executives are profit seekers who often run roughshod over workers, companies and communities.

Two Obama-appointed members of the White House Council on Jobs and Competitiveness, an advisory committee, are leading figures in the private equity industry. …

Obama’s inclusion of these men on his Jobs Council highlights a potential sticking point in his case against GOP rival Mitt Romney, a former private equity executive who says his 15-year experience in the industry qualifies him as a “job creator,” a claim that is a cornerstone of his campaign.

Remember when we used to fear the power and talent of the Obama campaign?


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Mock and shame the charlatans out of town….back to Chicago, where they belong.

Schadenfreude on May 23, 2012 at 2:04 PM

People are not telling pollsters the truth.

The election won’t be close.

Schadenfreude on May 23, 2012 at 2:05 PM

The ad was going good, then the last lady made the case for a 2nd Obama term.

Stupid!

faraway on May 23, 2012 at 2:05 PM

But hasn’t Obama’s record as POTUS been sealed by the courts like all the rest of his records? Isn’t that why the Fifth Column Treasonous Media refuses to comment on it?

SWalker on May 23, 2012 at 2:06 PM

The economy is the leash that has Obama tied to his whipping post. And the facts will leave many marks.

DanMan on May 23, 2012 at 2:06 PM

Remember when we used to fear the power and talent of the Obama campaign?

No. The campaign didn’t fool me. I knew he was a liar and a fraud right from the beginning. My fear was that people were believing his BS. And that fear turned out to be a well-founded fear.

The Rogue Tomato on May 23, 2012 at 2:09 PM

Creating more professional welfare recipients than any other POTUS in history, is what this campaign is about.

BruthaMan on May 23, 2012 at 2:09 PM

After a few days fighting the Bain wars

heh… like the Boer Wars?/

ted c on May 23, 2012 at 2:09 PM

I got into a polite debate with an editor at Business Insider over job creation over the last three and a half years in the private sector. He called it “impressive,” which I found to be a puzzling notion.

C’mon Ed. Stand on that bald head of yours and look at that graph again….Either that, or turn your iPad upside down.///

ted c on May 23, 2012 at 2:11 PM

People are not telling pollsters the truth.

The election won’t be close.

Schadenfreude on May 23, 2012 at 2:05 PM

This. I’ve believed this for a long time, now. I think there are a lot of people who are afraid of being thought of as a racist. What they will do when they pull that curtain behind them and vote will be another matter altogether.

What really makes me weep is the lost opportunity to elect a conservative president on the part of the republican party.

trigon on May 23, 2012 at 2:14 PM

Sure we can trust our dear El Presidente to properly run the economy.

After all, he’s got so much experience at running a business..

Chip on May 23, 2012 at 2:15 PM

It’s hardly “impressive,” unless one means impressive in a significantly negative manner.

Maybe that’s the point.

If your mindset is to punish the wealthy and punish the country for doing well when it’s so Unfair (said in a whiney voice) to the rest of the world, then perhaps anything negative would be impressive.

Chip on May 23, 2012 at 2:19 PM

After all, he’s got so much experience at running a business..

Chip on May 23, 2012 at 2:15 PM

…into the dich, with shovel in hand.

Schadenfreude on May 23, 2012 at 2:20 PM

…into the ditch…

Schadenfreude on May 23, 2012 at 2:20 PM

heh… like the Boer Wars?/

ted c on May 23, 2012 at 2:09 PM

At least it is different than Sandra Fluke and the wh*re wars.

Happy Nomad on May 23, 2012 at 2:20 PM

The ad was going good, then the last lady made the case for a 2nd Obama term.

Stupid!

faraway on May 23, 2012 at 2:05 PM

A black lady saying she’s disappointed in HopenChange? I think that’s rather effective!

Steve Z on May 23, 2012 at 2:20 PM

Earlier today, I got into a polite debate with an editor at Business Insider over job creation over the last three and a half years in the private sector. He called it “impressive,” which I found to be a puzzling notion.

I’ll hazard a guess – Weisenthal (or another of his liberal colleagues)can’t understand why we don’t realize the awesomely awesome level of awesomeness that has been produced by the stimulus Recovery Act™ and Obamacare The Affordable Care Act™.

So what if virtually everybody in the nation agrees that the economy is, at BEST, amidst a sluggish and disappointing recovery. We just need a spoonful of that cherry-picked data sugar to help the medicine go down.

vitocorleone99 on May 23, 2012 at 2:21 PM

C’mon Ed. Stand on that bald head of yours and look at that graph again….Either that, or turn your iPad upside down.///

ted c on May 23, 2012 at 2:11 PM

Or do like Obama’s staff does and just make stuff up.

Happy Nomad on May 23, 2012 at 2:21 PM

Schadenfreude on May 23, 2012 at 2:05 PM

This. I’ve believed this for a long time, now. I think there are a lot of people who are afraid of being thought of as a racist. What they will do when they pull that curtain behind them and vote will be another matter altogether.
..
trigon on May 23, 2012 at 2:14 PM

..7 November 2012 transmogrification: Bradley Effect –> Obama effect?

The War Planner on May 23, 2012 at 2:22 PM

At least it is different than Sandra Fluke and the wh*re wars.

Happy Nomad on May 23, 2012 at 2:20 PM

heh! did she ever get her box o’ free rubbers so homegirl can get her shag on?

ted c on May 23, 2012 at 2:24 PM

Remember when we used to fear the power and talent of the Obama campaign?

It was more that we weren’t prepared for the total acquiescence of the LSM and the total ineptitude of the McCain campaign.

It’s different now. The LSM is losing its power and people know they can get better information elsewhere.

For instance, four years ago the dog thing would have killed Romney because the LSM would have had complete control. The fact that twitter and the bloggers (and owner of the internet Treacher) took it over and turned it into “Obama eats dogs” is so very very gratifying.

kim roy on May 23, 2012 at 2:25 PM

A black lady saying she’s disappointed in HopenChange? I think that’s rather effective!

Steve Z on May 23, 2012 at 2:20 PM

Personally, I know they were going for people beaten down by lack of employment. But you know what, if I were unemployed for two years I wouldn’t be beaten down so much as I would be angry as hell at the administration and all the lies about what a super job he has done. I wish there was at least one ticked of 99er in the mix.

Happy Nomad on May 23, 2012 at 2:28 PM

It’s different now. The LSM is losing its power and people know they can get better information elsewhere.

kim roy on May 23, 2012 at 2:25 PM

It is also that Romney’s people are much more tech oriented. Hilary Rosen’s comment about Ann Romney never having had a job was a throw away line not really on topic. Yet within a couple of hours Ann Romney was on Twitter fighting back. You didn’t get that kind of rapid response to attacks from McCain. His people were too busy trashing Sarah Palin to be bothered with electioneering.

Happy Nomad on May 23, 2012 at 2:31 PM

167 more days and I can vote the Socialist out.

Turtle317 on May 23, 2012 at 2:32 PM

People are not telling pollsters the truth.

The election won’t be close.

Schadenfreude on May 23, 2012 at 2:05 PM

This. I’ve believed this for a long time, now. I think there are a lot of people who are afraid of being thought of as a racist. What they will do when they pull that curtain behind them and vote will be another matter altogether.

What really makes me weep is the lost opportunity to elect a conservative president on the part of the republican party.

trigon on May 23, 2012 at 2:14 PM

Yes. Even some of those Wall Street types that are giving money to little Bammie because they fear his pitchfork thugs.

Another manifestation of Wilder is the “I like him personally but don’t intend to vote for him.”

slickwillie2001 on May 23, 2012 at 2:32 PM

7 November 2012 transmogrification: Bradley Effect –> Obama effect?

The War Planner on May 23, 2012 at 2:22 PM

Great word. And they say conservatives haven’t a brain. heh

bluealice on May 23, 2012 at 2:35 PM

Great word. And they say conservatives haven’t a brain. heh

bluealice on May 23, 2012 at 2:35 PM

Just ask Jeopardy Champ Chris Matthews.

Happy Nomad on May 23, 2012 at 2:40 PM

“I inherited this mess. It will take 2 terms to clean up this Bush disaster!”

-Precedent Barrack Obama

portlandon on May 23, 2012 at 2:41 PM

Sorry BO, you don’t get to decide what the campaign is going to be about. Nice try though, I guess.

forest on May 23, 2012 at 2:42 PM

I remember back in 2008 when people were saying you can’t believe the polls because people only answered the way they did because they didn’t want to be thought of as racist. It looks like that story line is back for 2012.

Politricks on May 23, 2012 at 2:46 PM

If one starts from the point of recovery in June 2009, the actual net gain looks a little different, at 3.087 million jobs added. But that only averages out to 90,079 jobs added per month in the 34 months since recovery, which isn’t nearly enough to keep up with population growth and added workforce-eligible adults, which most economists estimate at 120,000 or more a month.

http://data.bls.gov/timeseries/LNS12300000

Time for my graph link again. Employment-Population ratio (% of Americans over 16 with a job).

June 2009? 59.4%
April 2012? 58.4%

Pre-recession numbers for 2006-2008? 62.5% to 63.3%

We’re still down 5% or so from the recession; and we haven’t gained anything for about 2.5 years now.

That isn’t economic growth reports I’d want to base a campaign on…

gekkobear on May 23, 2012 at 2:46 PM

The 0 Economy™.

Bmore on May 23, 2012 at 2:49 PM

…yep!
.
.
.
…it’s the ECONOMY stupid…!!!

KOOLAID2 on May 23, 2012 at 2:50 PM

The 0 Economy™.

Bmore on May 23, 2012 at 2:49 PM

The 0 Economy™=No Economy…

SWalker on May 23, 2012 at 2:50 PM

Mock and shame the charlatans out of town….back to Chicago, where they belong.

Schadenfreude on May 23, 2012 at 2:04 PM

their not the only charlantans,and charlantans come from every state and both party’s.

svs22422 on May 23, 2012 at 2:55 PM

it will take more than mock and shame to get them out of town. they have NO SHAME!!!!

svs22422 on May 23, 2012 at 2:58 PM

gekkobear

you raise an interesting point. A republican president put us into a recession and a democrat president hasn’t worked fast enough to get us out of it. so the answer is another republican president with the same ideas and policies?

Do people not get the futility of this two party system? Its really mind boggling.

Politricks on May 23, 2012 at 2:58 PM

The ad seemed incomplete to me…something at the end was needed to bring it back to Romney and his solutions

Jackalope on May 23, 2012 at 3:01 PM

The short-term economy is important for sure, but still it is a secondary issue in this election, and nearly everyone knows that.

The point, regardless of what the economy does, this election is about a runaway out of control intrusive govt. This issue is about freedom and spending (taxes are tertiary; spending = taxes).

NO, the election is NOT ABOUT THE ECONOMY. It seems like a minor subtle distinction, but it’s not a minor distinction. Concentrate, like the Crossroads GPS ad “Basketball” (http://hotair.com/archives/2012/05/22/basketball-ad-takes-aim-at-home-economics/) on the LARGER issue of an out of control govt (reckless spending is just one of the results of govt gone wiled).. the economy is a subset of that larger issue. Sure, talk about the economy, it’s not unimportant, but it’s not primary either.

anotherJoe on May 23, 2012 at 3:03 PM

The 0 Economy™=No Economy…

SWalker on May 23, 2012 at 2:50 PM

Yep, one in the same. Or is it Won?/

Bmore on May 23, 2012 at 3:20 PM

Why can’t we adapt the SoCon strategy of arguing over ABORTION until November?

What is Romney’s team doing keeping the focus on the economy and not sodomy?

Damn you RINO’s!!!

rickyricardo on May 23, 2012 at 3:21 PM

So mitt unfit to lead due to bain but being a part of dear leaders council is fine

cmsinaz on May 23, 2012 at 3:27 PM

The 0 Economy™.

Bmore on May 23, 2012 at 2:49 PM

The 0 Economy™=No Economy…

SWalker on May 23, 2012 at 2:50 PM

It’s more like the ‘divide by 0 economy’.

Left Coast Right Mind on May 23, 2012 at 3:32 PM

To win, make this election about an out of control govt, not about the economy.

The economy is only part of it. Everyone wants a strong economy, but also everyone doesn’t want an out of control reckless spending intrusive govt. So, while if the economy upticks or people aren’t 100% certain that the Republicans solutions are the best, we can then lose with the economy issue.

On the other hand, no way can we lose by making the main issue the issue of runaway govt.

The Repubs, no matter how you slice it, are the antidote to the intrusive freedom-sucking out of control reckless spending govt.

Are the Repubs the antidote for the economy? That’s less clear among independents. If you take off partisan glasses, this is a more ambiguous issue. Go with the larger out of control govt issue, as expressed in this Crossroads ad: http://hotair.com/archives/2012/05/22/basketball-ad-takes-aim-at-home-economics/

anotherJoe on May 23, 2012 at 3:35 PM

Sorry, this is lame–uninspiring; tells us NOTHING about WHY the economy is a mess.

Employers won’t hire because they’re facing massive tax increases and Obamacare on Jan 1, 2013.

Obama is shutting down as many American businesses as he can get his hands on while making sure there’s no energy to even run a light bulb. Coal, Boeing, insurance, guitars for heaven’s sake!

Obama IS a Socialist. He said he was in his own stinking book, and every, single policy he’s pursued indicates there was no conversion.

The attack on Capitalism? Good grief, Mitt. Just tell the idiot that business doesn’t hire anyone if they go bankrupt. Profit is not a dirty word.

If this is an example of what the campaign plans to put out, we are in very deep trouble.

Portia46 on May 23, 2012 at 3:47 PM

you raise an interesting point. A republican president put us into a recession and a democrat president hasn’t worked fast enough to get us out of it. so the answer is another republican president with the same ideas and policies?

Do people not get the futility of this two party system? Its really mind boggling.

Politricks on May 23, 2012 at 2:58 PM

Along with Obama, you need to sign up for econ 101. Recessions happen. Regularly. What happened in 2008 was a DEMOCRAT-created bubble burst. Sub-prime loans mandated by Democrat Congresses and Bill Clinton.

You folks whine about earthquakes in Japan, but forget that employment under Bush averaged 4%. And Bush had Katrina and 9-11. Obama’s economic policies have given us zip, zilch, nothing. Almost a trillion dollars to be doled out to his political cronies for investment in bad business models like Solyndra, for million dollar parties for the 9th Circuit and GSA and endless vacations for Michelle and then there’s the golf.

As Margaret Thatcher put it so simply and so well, socialism works until the producers run out of money. That’s where we are. The Occupy people want everything for free. Milton Friedman explained years ago that there are NO free lunches (or educations or laptops or cell phones).

Portia46 on May 23, 2012 at 3:56 PM

The full blown tantrum from the 0 is coming…

txhsmom on May 23, 2012 at 4:03 PM

My biggest complaint is that his viral videos are much better than his TV and radio ads. Wish he would put some of these on TV. Only political junkies see them now. The Indiana steel one was really good.

swamp_yankee on May 23, 2012 at 4:04 PM

Earlier today, I got into a polite debate with an editor at Business Insider over job creation over the last three and a half years in the private sector. He called it “impressive,” which I found to be a puzzling notion.

Puzzling is a very generous term. I might choose some others.

Zero is giving away buckets of cash to his friends while the nation languishes in debt and unemployment. There is a delta between one being tone deaf and indifferent.

dogsoldier on May 23, 2012 at 4:18 PM

gekkobear

you raise an interesting point. A republican president put us into a recession and a democrat president hasn’t worked fast enough to get us out of it. so the answer is another republican president with the same ideas and policies?

Do people not get the futility of this two party system? Its really mind boggling.

Politricks on May 23, 2012 at 2:58 PM

Ok, so Obama can’t fix this, because the House is controlled by the opposition party… and the President can’t do what he wants and even a single branch of Congress can block him… yes?

But 2006-2008 the House AND Senate were controlled by the Democrats… and yet they have no responsibility whatsoever for the budgets, crash, or any economic issues for those two years because Bush was President.

That’s your point, right? Bush owns 2006-2008, but Obama doesn’t own 2010-2012? Is that because in your view Republicans are simply better legislators in Congress than Democrats? Or because you think Bush was better at leading than Obama is?

I don’t want to put words into your mouth, why is Bush responsible for a fully Democrat-led Congress; but Obama can’t be held responsible for anything if there is even a minority Republican Presence in the House and Senate (2008-2010)?

gekkobear on May 23, 2012 at 4:41 PM

What really makes me weep is the lost opportunity to elect a conservative president on the part of the republican party.

trigon on May 23, 2012 at 2:14 PM

Me too but what are you going to do? She decided not to run.

Odysseus on May 23, 2012 at 4:44 PM

Odysseus on May 23, 2012 at 4:44 PM

Oh jeez, you’re making me all misty-eyed. Sob.

/s

MJBrutus on May 23, 2012 at 5:22 PM

Remember when we used to fear the power and talent of the Obama campaign?

I still do.

When I was a kid, we feared Joseph Goebbels and his boss even when we laughed at their lies.

burt on May 23, 2012 at 6:05 PM

No. The campaign didn’t fool me. I knew he was a liar and a fraud right from the beginning. My fear was that people were believing his BS. And that fear turned out to be a well-founded fear.

The Rogue Tomato on May 23, 2012 at 2:09 PM

Me too! And yes it did.

kg598301 on May 23, 2012 at 9:57 PM

Remember when we used to fear the power and talent of the Obama campaign?
I still do.

When I was a kid, we feared Joseph Goebbels and his boss even when we laughed at their lies.

burt on May 23, 2012 at 6:05 PM

We need to keep the fear on right up until November 6. We should all be deathly afraid of Obama getting a second term.

Christian Conservative on May 23, 2012 at 11:32 PM

This campaign isn’t even about the economy. It’s about freedom!

Christian Conservative on May 23, 2012 at 11:33 PM