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Forum Post: 5 Facts About The Massachusetts Economy Under (1% POTUS candidate) Mitt Romney

Posted 1 year ago on June 4, 2012, 2:56 p.m. EST by BetsyRoss2 (125)
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5 Facts About The Massachusetts Economy Under Mitt Romney

By Travis Waldron on Jun 4, 2012 at 9:35 am

Republican Mitt Romney’s presidential campaign whipped out a new number over the weekend to dispute federal government data that ranked Massachusetts 47th in job creation during Romney’s time as governor there. Three campaign surrogates used the Sunday morning news circuit to claim that the state was actually 30th in job growth in Romney’s final year in office.

Of course, moving the state to 30th would still mean it was in the bottom half of the nation, a fact that would seem to fit assertions from local experts that the state’s economy was “below average and often near the bottom” while Romney was governor. Here are five facts about the Massachusetts economy from Romney’s 2003-2007 tenure:

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.

19 Comments

19 Comments


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[-] 1 points by OccNoVi (415) 1 year ago

-- # 6. Bizarre scandals. First that he had established residence in Utah 1999-2000-2001. That's why he hides his federal tax returns -- he swears legal residence under penalty of perjury on that form.

Massachusetts requires continuous residence for years prior to running for governor. So he lied. Of course he lied. Truth is for little people.

-- # 7. This one:

http://occupywallst.org/forum/slandering-bishop-jean-felix-albert-marie-vilnet-f/

Know the story/tale/invention about a "drunk priest" slamming into Mitt Romney and killing his passenger, Mrs. Leola Anderson ???

It's a fraud. All of it. No drunk priest and nobody to blame but Romney for his driving and the victim's husband for having 6 people in a 5-person car so she didn't get a seat belt.

They can lie, but not faster than we can do fact checking. Not since Occupy got rolling world wide.

[-] 1 points by brightonsage (4494) 1 year ago

Content great, format? Could use some help. Copying and pasting it into document fixed it for me.

I hate to wave the flag on you. Now about that Subpreme Court.....

[-] 0 points by BetsyRoss2 (125) 1 year ago

Yeah, this forum doesn't format numbered lists correctly :(

Let's try this again:

" 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.

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.

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.

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.

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. "

[-] 0 points by MattLHolck (16833) from San Diego, CA 1 year ago

hi romney

got anything new?

[-] -1 points by BetsyRoss (-744) 1 year ago

I'm flattered that someone bothered to mimic my nickname. Sadly they chose to get their "information" from the Obama spin machine Think Progress.

[-] 3 points by BetsyRoss2 (125) 1 year ago

Aww sweetie... nothing like some Just Desserts for posting crap from Briebart.com and Fox (not) News.

[-] -1 points by BetsyRoss (-744) 1 year ago

I usually avoid using Brietbart.com or Fox News. At least you recognize that Think Progress is crap. That's REAL progress.

[-] 1 points by DoubleVoice (115) 1 year ago

I don't think it matters what the source is, if the underlying facts are correct. What facts from the article are incorrect?

[-] 0 points by BetsyRoss (-744) 1 year ago

It matters how the statistics are being used.

For example-in the OP- going from the ranking of 47th lowest job creator state to 30th is brushed over like it's not phenomenal to move 17 spots UP the ranks in 4 years. Who were the governors in those 17 states that fell while Mass was climbing? Were they Republican or Democrats? Does it matter?

The stats about the labor force decline-are from 2002 (before Romney entered office) to 2006 (before he left office). They are not four overlapping years. Does that matter?

Want to compare what went on in Illinois while Obama was the Senator of that state? As long as I ignore all of the positive things that occurred during his tenure I can come up with a long list of leadership flaws as well.

All of the things used against Romney in this article COULD and SHOULD be used against OBAMA by anyone who is truly non-partisan only on a NATIONAL scale. Largest labor force decline. Largest job loss. Largest debt creation Low economic growth and credit rating downgrade.

Of course, if you're going to blame all of those things on BUSH and the problem Obama inherited, then please apply that same benefit of the doubt to Romney's state and "the mess" he had to deal with as Governor.

Statistics can be easily manipulated to make readers agree with the author's point of view. That they are "facts" in and of themselves does not automatically mean that what is created using them is "the truth".

[-] 2 points by DoubleVoice (115) 1 year ago

Being 30th is still incredibly shitty. If Mittens was as perfect as you claim to be, why didn't he bring Mass. up with the other Northern states in the teens and above?

Sure, shift the dates for the job losses. The losses are still there. Since you blame Obama for everything that Congress does, Mitt is still responsible for those losses by your logic.

You're not truly non-partisan, or else you would make a post critical of Romney at a 1-to-1 ratio with every post you make attacking Obama. How many posts have YOU made that attack Romney?

[-] 0 points by BetsyRoss (-744) 1 year ago

I was talking about statistics and how partisans use them. For example-

If YOU blame congress for everything that happens under Obama, then you must also blame the Mass congress for everything that happened under Mitt Romney. But you aren't a non-partisan either are you?

I care about the facts. The truth. Both parties can bite me for all I care.

[-] 1 points by DoubleVoice (115) 1 year ago

Good. Now post something that you hate about Republicans to balance out your anti-Obama bias.

[-] -1 points by BetsyRoss (-744) 1 year ago

I'm sorry that you are so tiresome and focused on hate rather than facts.

This thread is about events that transpired while Mitt was in office. I compared them to events that have transpired while the actual, current President has been in office.

That you now want me to pit "Republicans" (in general? All of them? some of them? Which ones?) against Obama (the man? the president? The Democrat? which?) shows we're not on the same page.

[-] 1 points by DoubleVoice (115) 1 year ago

The fact that you won't accept a request to balance out the political attacks (hint: BOTH parties suck!) shows your true intentions for posting on here. OWS is non-partisan.

[-] -1 points by BetsyRoss (-744) 1 year ago

The fact that I am not REQUIRED to balance out anything and couldn't give a rat's ass what you think my intentions are must annoy the hell out of you.

[-] 2 points by DoubleVoice (115) 1 year ago

Nope, but it amuses me to see you squirm when you get called out for the partisan troll that you are.

[-] 0 points by BetsyRoss (-744) 1 year ago

I have yet to see you post anything that balances out your anti Republican bias so you're request is hilarious as well as hypocritical. A partisan troll calling someone else a partisan troll doesn't "balance" out the facts hon.

[-] 1 points by DoubleVoice (115) 1 year ago

So you admit you're a partisan troll? We're making progress.

Go ahead and post something negative about Mittens, or Bush, or any other Repub and I'll tell you what I hate about Democrats. You first. And BTW I only started posting anti-Republican threads because people like you are attacking the boards with your anti-Obama BS. You're actually just a racist who doesn't like that a black man is doing a better job in office than the redneck from Texas, but I'll pretend that you have a valid point.

[-] 0 points by BetsyRoss (-744) 1 year ago

Ah...the race card. Is that the last trick you have up your sleeve or do you have more wild, untrue accusations you'd like to list here because you think that every other reader here is stupid enough to believe them coming from you?