Having opened a proverbial can of worms with their “vulture capitalism”-tinted attacks on Mitt Romney’s business record at Bain Capital (all of those surrogates wandering off-message were just too much of a darn headache), Team Obama has since pivoted to attacking Romney’s record as governor of Massachusetts. Here’s today’s latest contribution reiterating that line of argument:
Same stuff we saw last week, but I have to say, I find it uniquely galling that President Obama can point to Romney’s experiences in the private sector and as a state executive as failures, when he himself has expertise in neither of those areas and his own “on the job” training has us struggling beneath the weight of a three-year economic downturn. As much as he likes to pretend that Mitt Romney had one of the “worst economic records in the country,” President Obama has provided the entire country with one of its worst economic records.
Mitt Romney was “number one in state debt”? Mr. President, you’ve added $5 trillion to our national debt in less than one term. And honestly, as for job creation — I’m surprised President Obama can even use that term with a straight face. Under his administration, our labor participation rate (a more accurate reflection of unemployment) is at a record low, and Mitt Romney’s record isn’t even remotely what Obama’s trying to make it out to be. Last week, the WSJ took a closer look at the “47th in job creation” claim:
But the state was climbing, not falling, because Massachusetts was ranked 49th in the year before Mr. Romney took office. Both Mr. Romney and Mr. Obama took office during periods of rising unemployment. In Massachusetts, unemployment had risen to 5.6% from 4.8% in the year before Mr. Romney took office, according to BLS’s state statistics, and peaked at 6% in June of his first year. It then fell to 4.6% by the time he left office in 2007.
By contrast, the U.S. rate stood at 7.8% at Mr. Obama’s inauguration and now stands at 8.2%. All in all, the Bay State economy added about 48,000 jobs during the Romney administration. This is an increase of about 1.5%, compared to U.S. growth in the Obama era of less than one-tenth of one percent, or negative growth, depending on the survey.
So Mr. Romney’s jobs record looks relatively good—at least next to the microscopic jobs recovery of the Obama years.
Call me old-fashioned, but I really think people in glass houses shouldn’t be throwing stones.