Friday, October 26, 2012

ROMNEY THE LIAR SLAMS OBAMA FOR ECONOMIC GROWTH ***HIGHER*** THAN MASSACHUSETTS HAD WHEN ROMNEY WAS GOVERNOR

That Willard. Isn't he a funny guy? And multitalented, too--liar, fraud, hypocrite, coward, human chameleon. I mean, his repertoire is VAST. Now he is attacking Obama because the 2% rise in GDP in the last quarter was supposedly weak. Here is the growth rate record from Willard's time as Massachusetts governor:

According to data from the Commerce Department’s Bureau of Economic Analysis, average real GDP growth was 1.5 percent per year in Massachusetts from 2002 to 2006. For each of the years Romney was in office, the economy grew 1.49 percent, 1.86 percent, 1.14 percent and 1.43 percent, respectively.

And how did Romney assess the economic growth of the state under his leadership? “When we took office, the state economy was in a tailspin. Today, jobs are being created by the thousands and our economy is stronger,” he said in early 2006, his last year in office. So less than 2 percent was good then, but 2 percent is bad now.

And one could argue that Romney had an easier task than Obama. During Romney’s tenure in the governor’s mansion, the national economy grew at a much fast clip than Massachusetts’, staying comfortably above 2 percent every year. National GDP even broke 3 percent one year and doubled the state’s growth another year. On the campaign trail in 2002, Romney promised jobs creation “second to none in the history of the state.” After four years, the state had added 31,000 jobs — a growth rate of less than 1 percent while the country as a whole added 5 percent more jobs.

Willard--your one-stop center for 24/7 lies, deception, and hypocrisy.

3 comments:

  1. Romney is truly and evil man and his big money supporters are traitors and the rest are stupid racists.

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  2. 1. Ranked 47th in job growth: Despite Romney’s professed expertise in creating jobs, Massachusetts ranked 47th in job growth during his time as governor. The state’s total job growth was just 0.9 percent, well behind other high-wage, high-skill economies in New York (2.7), California (4.7), and North Carolina (7.6). The national average, meanwhile, was better than 5 percent.

    2. Suffered the second-largest labor force decline in the nation: 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. The US Census Bureau estimated that between July 2002 and July 2006, 222,000 more residents left Massachusetts for other states than came to it. That decline largely explains the state’s decreasing unemployment rate (from 5.6 to 4.7 percent) while Romney was in office, according to Northeastern University economics professor Andrew Sum. At the same time, the nation as a whole added 8 million people to the labor force.

    3. Lost 14 percent of its manufacturing jobs: Massachusetts lost 14 percent of its manufacturing jobs during Romney’s time in office, according to Sum. The loss was double the rate that the nation as a whole lost manufacturing jobs. In 2004, Romney vetoed legislation that would have banned companies doing business with the state from outsourcing jobs to other countries.

    4. Experienced “below average” economic growth and was “often near the bottom”: “There was not one measure where the state did well under his term in office. We were below average and often near the bottom,” Sum told the Washington Post in February. As a result, the state was more comparable to Rust Belt states like Illinois, Michigan, and Ohio than it was to other high-tech economies it typically competes with.

    5. Piled on more debt than any other state: Romney left Massachusetts residents with $10,504 in per capita bond debt, the highest of any state in the nation when he left office in 2007. The state ranked second in debt as a percentage of personal income. Romney regularly omits those statistics from his Massachusetts record, instead touting the fact that he balanced the state’s budget (he was constitutionally required to do so). He wouldn’t be much different as president: his proposed tax plan adds more than $10 trillion to the national debt

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  3. Bally--too sweeping of an indictment on Romney's voters, IMHO.

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