“His tax plan doesn’t add up, his jobs plan doesn’t create jobs, his deficit plan adds to the deficit.”
Obama spoke to a crowd today in Mount Vernon, Iowa where he attacked Romney’s fuzzy math and fake policies. Everything he says here is absolutely true. Had Romney been born in the 1800′s – he would no doubt be a oil snake salesman; his policy proposals lack policy or detail and Obama is calling him out on it. Regardless of what the Romney campaign would like Americans to believe – America is a much stronger country in nearly every way today than it was 4 years ago … and unlike four years ago when Americans were losing half their savings and people were being laid off by the millions – the economy is blooming slowly. Obama has a strong economic record to run on …. it’s the guy behind the curtain who wants you to believe otherwise.
Regarding Romney’s Tax Plan:
Regarding Romney’s Jobs Plan:
The Washington Post did in fact call it a “bait and switch” … they said Romney’s tax plan “doesn’t add up”. We’ve shard their article along with a history of Romney’s economic advisers who were also Bush’s main economic advisers HERE; an excerpt:
This is a case of bait-and-switch. Romney, in his convention speech, spoke of his plan to create “12 million new jobs,” which the campaign’s white paper describes as a four-year goal.
But the candidate’s personal accounting for this figure in this campaign ad is based on different figures and long-range timelines stretching as long as a decade — which in two cases are based on studies that did not even evaluate Romney’s economic plan. The numbers may still add up to 12 million, but they aren’t the same thing — not by a long shot.
In many ways, this episode offers readers a peek behind a campaign wizard’s curtain — and a warning that job-creation claims by any campaign should not be accepted at face value. The white paper at least has the credibility of four well-known economists behind it, but the “new math” of this campaign ad does not add up.
From the same rally in Mount Vernon, Iowa – Obama starts to share the many successes we are seeing in the economy. Romney wants Americans to believe things are getting worse when they’re absolutely getting better; he knows that if America thinks we’re on the upswing – he loses.
What President Obama says is absolutely true above. As I wrote HERE – despite significant GOP obstruction … the economy is doing much better. 5.2 million private sector jobs have been created since January of 2010 with 31 consecutive straight months of job gains.
And in case you needed a reminder – as I’ve shared HERE – four years ago … here is what the country was talking about:
- Washington Post on 9/17/2008: “Wall Street’s business model has collapsed.“
- Bloomberg on 10/13/2008: “Subprime collapse to global financial meltdown: Timeline“
- NPR on 9/26/2008: “The week America’s economy almost died“
- HuffPo on 9/14/2008: “Greenspan: This Is The Worst Economy I’ve Ever Seen“
- Pew Research on 10/12/2008: “ECONOMY SHRINKS, TACTICS GROW, IN MEDIA NARRATIVE“
- WSJ on 9/15/2008: “Crisis on Wall Street as Lehman Totters, Merrill Is Sold, AIG Seeks to Raise Cash“
- CNN on 10/22/2008: “Mass layoffs highest since 9/11“
- USA Today on 10/2/2008: “U.S. car sales in September were the worst since 1993“
- HuffPo on 10/14/2008: “Financial Crisis Suicide Numbers Mounting“
- CNN on 9/15/2008: “Lehman Brothers collapse stuns global markets“
- Wikinews on 10/6/2008: “Worldwide markets fall precipitously“
- NY Times on 9/15/2008: “Wall St.’s Turmoil Sends Stocks Reeling“
- Washington Post on 9/30/2008: “A Record Fall on Wall St.“
- Telegraph on 10/6/2008: “Dow Jones falls below 10,000 as global markets melt“
- Associated Press on 9/30/2008: “Dow falls 777 points, biggest one-day drop ever“
- Financial Times on 9/18/2008: “Panic grips credit markets“
- MSNBC on 9/20/2008: “Bush seeking $700 billion for financial bailout“
Or as Romney would say … things are much worse today under President Obama.
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