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Job Creation: Romney’s Massachusetts ranked 47th out of 50 in job creation.

On CBS’s “Face the Nation” Sunday, Romney again tried to link his own tax and fiscal plan with the recommendations of the President's Simpson-Bowles budget commission.

President Obama gave the first in a series of speeches yesterday laying out the clear choice in this election – between moving forward and creating an economy built to last, or going backward to the failed policies of the past decade. Mayors, teachers and business leaders across the country support his vision for moving America forward. To create jobs, reduce our deficit and grow our economy from the middle class out, he believes we must:

The Facts: After months of not talking about his Massachusetts record, Romney is finally trying to defend it. But his claims about his failed record don’t hold any water – Romney Economics didn’t work then and it won’t work now.

The Facts: Romney claims his first three years in office don’t count because he inherited a bad economy, but he’s attacking the President starting from January 2009. That’s hypocritical, even for Romney. In fact, over the first 39 months of their terms, President Obama has created five times more jobs in Massachusetts than Romney did as governor.

Romney Economics: In both the private and public sectors, Romney Economics has never been about creating jobs. It’s always been about putting short-term profits for those at the top ahead of long-term economic growth for everyone.

Broken Promises: As governor of Massachusetts, Romney repeatedly broke his promises to deliver more jobs, less debt and smaller government.

Forward: President Obama has a vision for an economy that’s built to last, where everyone gets a fair shot, does their fair share, and plays by the same rules.

After more than two weeks of highlighting the private-sector costs of Romney Economics, we’re continuing the discussion by examining what happened when Romney brought his economic philosophy and values to government as Massachusetts governor.

Romney Economics isn’t about creating jobs or helping the middle class. It’s about two sets of rules, one for those at the top and another for everyone else.

Romney economics does not make Romney a job creator. He was in business to make money for himself and his investors, not to create jobs. His partners have said it, he’s said it and everyone knows it.

Some financial firms, like JP Morgan, have made bad decisions lately that have cost them a lot – but these bad decisions have not put taxpayers at risk. We can’t stop every bad decision, but we can and must ensure they aren’t made with taxpayer dollars and they don’t put taxpayers or our economy at risk.

We knew better when Wall Street lobbyists claimed we shouldn’t worry and that these kinds of bad decisions wouldn’t happen again. That’s why President Obama pushed through historic Wall Street reforms.


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