Romney On Obama Recovery: He Gets No Credit For Stopping Recession From Going Further
Source: Huffington Post
WASHINGTON -- In an interview with a local Virginia television station on Sunday, Mitt Romney went further than normal in criticizing the president's handling of the economy, saying that he doesn't deserve credit for stemming the bleeding he inherited from his predecessor.
"There has never been a recession that went on forever. There has never been a depression that went on forever," Romney told WVEC News. "A recession occurs, the economy goes down, and then comes after recession, the recovery. That's happened since the beginning of time. The president wants to say, well, he stopped the recession from going further. Well, frankly, the recession came to an end and we are waiting for the president to get us to where he said he'd get us, which is 5.4 percent unemployment. And he hasn't been able to do it because of the policies he's put in place."
This is a variation of the attack line that Romney's campaign traditionally deploys, in that it's more explicit than usual in its unwillingness to give the president any due for slowing the rate of job loss that he inherited upon taking office. The country was shedding between 700,000 and 800,000 jobs a month in the winter of 2008 and 2009. By early spring and summer of 2009 -- shortly after the stimulus passed -- that number was reduced to the 300,000 to 400,000 range; by the summer, it was in the 100,000 to 200,000 range; by the fall it was in the 0 to 100,000 range; and shortly after, the country started producing a net gain of jobs on a monthly basis.
"Mr. Romney is correct that recessions always do end, but their severity and duration vary," former Obama Office of Management and Budget director Peter Orszag said in an email to The Huffington Post. "The relevant question is therefore whether you can cushion the blow, and the evidence (including cross-state comparisons) strongly suggests that the Recovery Act did exactly that."
Read more: http://www.huffingtonpost.com/2012/09/10/romney-obama-recession_n_1870936.html?utm_hp_ref=politics
Rob H.
(5,349 posts)One of the reasons we're not further along than we are is because of the stonewalling and filibustering BY THE GODDAMNED REPUBLICANS, MITT.
yellerpup
(12,253 posts)If this is true: "A recession occurs, the economy goes down, and then comes after recession, the recovery. That's happened since the beginning of time," we could just set US Economy on autopilot and let it adjust itself as needed and everything would turn out fine every time. The sign of a stunted personality is refusing to give credit where credit is due and that is the LEAST of Rmoney's shortcomings.
1StrongBlackMan
(31,849 posts)I don't know where he got the 5.4% number?
But:
To paraphrase Mr. Krugman:
"These aren't President Obama's economic policies ... remember, between criticizing the economy and criticizing the economy, there have been numerous votes where the gop is on record voting down President Obama's economic policies?"
Roy Rolling
(6,908 posts)Where did he pull that 5.4% number from? The same place he and Ryan get all of their "facts"?
The GOP has put a roadblock in front of every policy, legislation, and appointment that Obama proposed. The mediocre four years belongs to the GOP, and their entitlement mentality that they believe they can shut down the government's business for four years while they plot their revenge is as unpatriotic and treasonous as anything I've seen in politics.
Not to mention it was the last republican administration that put us in the hole to begin with.
Response to cormac69 (Reply #4)
JudyM This message was self-deleted by its author.
JudyM
(29,204 posts)Welcome to DU, cormac69!!
Bernardo de La Paz
(48,965 posts)Roy Rolling
(6,908 posts)SoapBox
(18,791 posts)Hell, your damned party created a lot of this mess, that, REMINDER, spread worldwide.
Oh ya...and it continues, worldwide.
So please, just STFU, LOSER.
Bernardo de La Paz
(48,965 posts)reflection
(6,286 posts)Obama's right, the data does bear it out. One need look no further than CabCurious's post;
http://www.democraticunderground.com/10021180187
Blue State Bandit
(2,122 posts)Putz.
fifthoffive
(382 posts)The President gets no credit for reversing the recession because there's nothing he can do - it's all up to the market and will happen regardless gov't. action.
But...
The President is entirely responsible for employment. The market has nothing to do with it, and can't fix employment without gov't. intervention.
How the heck are those two positions consistent?
magical thyme
(14,881 posts)in which case, why should we change horses midstream Mr. Romney?
What is it that Presidents *can* do and exactly what will *you* do that is different from Mr. Obama? And why?
Overturn Roe v Wade?
Reduce your tax burden to zero?
Replace Obamacare with what?
End the homeowner's mortgage interest deduction?
mac56
(17,564 posts)skeewee08
(1,983 posts)Response to Galraedia (Original post)
bupkus This message was self-deleted by its author.
bamacrat
(3,867 posts)W gets no credit for starting it and Obama none for stopping it. Showing some consistency even if its stupid.
olddad56
(5,732 posts)especially when the house of Reps is still full of corrupt people.
olddad56
(5,732 posts)JRLeft
(7,010 posts)do not need him.