Monday, June 04, 2012

Obama Campaign Continues to Slam Romney Governor’s Term, Ignoring Obama’s Term

Not unexpected, but the New York Times has an article out New Obama Ad Continues Focus on Romney’s Term as Governor

As we saw in 2008, the media wants no part in looking at Obama’s record or past, just those who oppose him.

The Democrats ad claims,
“When Mitt Romney was governor, Massachusetts lost 40,000 manufacturing jobs. And fell to forty-seventh in job creation. Fourth from the bottom.”
Mitt Romney was the Massachusetts governor from January 2, 2003 to January 4, 2007 which is also a period when Democrats were claiming how bad everything in the country was under President George W. Bush and making all sort of wild claims of how it was so unbearable and only they could fix it.

They successfully seized all congressional power in the 2006 election and took over both houses of congress in January 2007. Although we might expect some media attention to how the Democrats have spearheaded the country’s economy, we have come to see it will not happen as they supply cover for the Democrats. So I will do what an unwilling media refuses to do.

When Democrats took both houses of congress in 2007, unemployment was at 4.6%, down from a high of 6.3% as we recovered from the Clinton recession and the attacks of September 11, 2001.

When Democrats got full control of the government and Obama was inaugurated in 2009, unemployment had grown to 7.8%, soon to exceed 10% after his “stimulus” promised to prevent unemployment from exceeding 8% was passed into law by the Democrat majorities in both the House and Senate and signed into law by Obama.

Unemployment has remained in excess of 9% for the entirety of his term, only recently dropping below 9% in some cooking of the books accounting, ignoring the U-6 unemployment figures that remain above 14%.

Also ignored is the Labor Work Force’s Participation Rate which continues to decline to all time lows, currently at 63.8%. It was 66.4% when Democrats took both houses of congress and was at 65.7% when Obama took office.

That means that during Bush’s second term, 66.4% of available workers had jobs. Today, only 63.8% of those of working age have jobs.

Tell me again where Obama and the Democrats know what they’re doing and can point fingers at Bush or Romney’s record?

Funny thing too on the mortgage meltdown Funny thing too on the mortgage meltdown that began our deep economic woes, it was Bush who tried to head it off in 2003 and sought increased regulation of Fanny Mae & Freddie Mac, only to be met by a brick wall of Democrats who said there was no problem, all was fine and he was over reaching.

Don’t forget, the “Community Reinvestment Act” that forced many banks and mortgage companies to begin making questionable mortgages was first a policy of Democrats, both Jimmy Carter and expanded by B.J. Clinton.

Once the bubble burst and the bottom fell out, what did we hear from Democrats? Why blame Bush naturally. In fact, after crying there were no problems with Fannie Mae or Freddie Mac and blocking Bush’s effort to rein in the two, Democrats blasted him for not doing enough to head it off.

Republicans are not without fault, but it is well past time Democrats owned up to their own malfeasance and mismanagement and were held accountable for their share of the blame.

Barack Obama and the Democrat Party have little room to point fingers at others like Romney as their record is even worse.

No comments: