Welcome login | signup
Language en es fr
OccupyForum

Forum Post: 5 Facts About The Massachusetts Economy Under Mitt Romney (and we want to put THIS guy in charge???)

Posted 1 year ago on Oct. 12, 2012, 3:11 p.m. EST by Underdog (2971) from Clermont, FL
This content is user submitted and not an official statement

http://thinkprogress.org/economy/2012/06/04/494282/5-facts-about-the-massachusetts-economy-under-mitt-romney/

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.

63 Comments

63 Comments


Read the Rules
[-] 3 points by trashyharry (1142) from Waterville, NY 1 year ago

Romney-and Ryan both maintain on the 1 hand,that they will "create jobs" if elected,and on the other hand,that "government doesn't create jobs."So which one is it?If they mean that letting capitalists go completely wild by removing regulations and exempting wealthy people and corporations from taxation will create a boom that results in jobs-that is just not true.Wealthy people and corporations want to do whatever it takes to NOT hire people-instead they would do exactly what they have been doing,because it is more profitable to outsource,hire part time only,subcontract,use temps,etc.The last thing they are going to do is create jobs that pay enough so that workers can pay down their debts and spend money.All of the money they accumulate is Dead Capital and will not recirculate back to revive the economy because they will make more money by churning it in the financial markets,without the expense and difficulties of lots of employees.The Dot Com Bubble is an example of what rich people do with their money.

[-] 2 points by Underdog (2971) from Clermont, FL 1 year ago

So true. That trickle-down snake oil show isn't fooling anyone anymore. The only thing that trickles is that stream of money going into their fat pockets and nowhere else. It was voodoo under Reagan and it is voodoo now. Complete BS lies from beginning to end.

Why aren't the American people sick of all these lies? Some have woke up, but not enough.

[-] 0 points by trashyharry (1142) from Waterville, NY 1 year ago

All of the money that is constantly shoveled upwards has done absolutely nothing for the economy.Now the deficit is so huge,measures that might actually help can hardly even be contemplated.What a shame the Congress cannot get a Farm Bill or a Highway Bill passed.The failure of the Farm Bill was a really harmful kick in the teeth of Rural Americans-so of course they will blame Obama and keep on voting in obstructionist Republicans because they fundamentally don't understand how legislation is created or why legislation that is good for them fails to pass.And the 1% apparently are not worried about bridge collapses,roads so rough they destroy cars,ancient and dilapidated dams that could bust at any time or any of the rest of the hazards to life and limb created by a worn-out infrastructure.This I truly can't understand,because they can't possibly be travelling EVERYWHERE in private planes and helicopters-could they?

[-] 2 points by Underdog (2971) from Clermont, FL 1 year ago

The article in this post explains it.

http://occupywallst.org/forum/revolt-of-the-rich/

[-] 0 points by trashyharry (1142) from Waterville, NY 1 year ago

Yes-I remember reading that one-good article.I have heard a rumour on the internets that a "radical leftist Hacktivist group" has compiled a list of names of people numbering around 150,000 who are currently living the lifestyle of detatched wealthy ubervolk described in the article,and that they are now working on a list of names of their Principal Servants and Enablers.Said list I suppose,to be saved until such time as they can be rounded up and thrown out of the country.

[-] 1 points by Underdog (2971) from Clermont, FL 1 year ago

When that rumour becomes fact and verified it would be very interesting indeed if they publish it.

[-] 0 points by podman73 (-652) 1 year ago

Farm bills mostly help corp. farms or others who are paid not to farm. Your average farmer see's nothing from farm bills.

[-] 1 points by MattLHolck (16833) from San Diego, CA 1 year ago
[-] -1 points by Faraujo (-4) 1 year ago

It's pretty easy, the economy creates jobs on its own when the right incentives are in place, and the government doesn't overtax and there is sound money policy.

[-] 1 points by jrhirsch (4714) from Sun City, CA 1 year ago

[Removed]

[-] 1 points by WSmith (4187) from Cornelius, OR 1 year ago

Taxes can't get any lower, more profits can't be made! They're doing it on purpose to get the black man out of the WH! They're holding the whole country hostage for their greedy political bigotry! It's nothing less than Treason, Economical Treason! We should go Icelandic on their greedy asses!!

[-] -2 points by WeThePeop (-259) 1 year ago

No one is trying to get the black man out of the WH, rather "We The People" are trying to get the incompetent idiot out of the WH and get a real leader in his place

[-] 2 points by WSmith (4187) from Cornelius, OR 1 year ago

Uh huh, just like GWB.

[-] 0 points by hchc (3297) from Tampa, FL 1 year ago

Stop, theres a substantial portion of Republican party that simply want the black guy out.

Comments on chat rooms everywhere prove that.

[-] -1 points by WeThePeop (-259) 1 year ago

I think that is simply untrue. Obama is a great speaker but is a very poor leader, in my opinion

[-] 1 points by hchc (3297) from Tampa, FL 1 year ago

You can think whatever you want. I've heard plenty of people saying racist things about him.

[-] -3 points by Faraujo (-4) 1 year ago

They don't care about any black man in the White House. They care about competence and it is clear he is in over his head. Look at his background, what has he ever done?

[-] 1 points by WSmith (4187) from Cornelius, OR 1 year ago

Yes, you're right, the last Republicon POTUS (GWB) was the epitome of competence! With such a glaring contrast, I can totally see your concern.

[Removed]

[-] -1 points by Faraujo (-4) 1 year ago

Nice grown up response, that is exactly why your man in the White House has no clue what he is doing and the people know it. Just look at his background, he stand for nothing. He doesn't even know what he believes in.

[-] 1 points by shooz (18019) 1 year ago

Your response has NOTHING to do with the picture posted in the link.

NOTHING at all.

Just another excuse for bigotry.

It's what the "right" wing does all the time.

[-] 0 points by Faraujo (-4) 1 year ago

You don't think I can find a person who voted for Obama because he is black? In fact, he garners a higher percentage of the black vote than any other presidential candidate. What do you call that?

[-] 0 points by shooz (18019) 1 year ago

Still NOTHING to say about the picture in the link?

The racist Motherfucker that's wearing the shirt?

The fucked up party that he is supporting by wearing it?

You must be in agreement then.

[Removed]

[-] -1 points by LetsGetReal (1420) from Grants, NM 1 year ago

Fuck MoveOn.

[-] 2 points by Underdog (2971) from Clermont, FL 1 year ago

Why would I want to have sexual intercourse with MoveOn?

[-] -1 points by WeThePeop (-259) 1 year ago

Obama would not be able to function without his teleprompter

[-] 2 points by MaryS (678) 1 year ago

"When Mitt Romney Came to Town" if there is any doubt at all... http://www.youtube.com/watch?v=Ad_E8VXm4m0

[-] 1 points by conservatroll (117) 1 year ago

Sounds like the USA under Obama

[-] 0 points by WeThePeop (-259) 1 year ago

Obama "Yes we can" !!!!!!!!!

We can take Unemployment from 6 % to 9%...Yes we can

We can take gasoline from $1.80 to $4.50/gal…..Yes we can

We can increase the national debt by $ 6 Trillion in 3 years…...Yes we can

We can get more people on welfare & food stamps…Yes we can

We can double the number of homes in foreclosure…Yes we can

We can eliminate 2 Million jobs from this country…Yes we can

We can give away $ 500 Million to Solyndra…..Yes we can

We can fly all over the country Campaigning on Air Force One…Yes we can

We can visit all 57states….Yes we can

We can down grade the US credit rating for the first time in history…Yes we can

We can increase the cost of heating oil to over $ 3.00 a gallon…Yes we can

We can decrease the sales of homes to its lowest level in 20 years.....yes we can

We can play the race card any time we want…Yes we can

We can run this economy without a budget...Yes we can

We can pass laws without Congress…Yes we can

We can create a health care bill that nobody wants…..Yes we can

We can cut our Military leaving the country weak…Yes we can

We can sit idly by while Iran builds nuclear weapons…Yes we can

We can discourage any drilling for oil in the US….Yes we can

We can lie to the American people and the media will sell it...yes we can

We can go to Hawaii anytime we want For Free…..Yes we can

We can run semi-automatic weapons to Mexican Cartels in an attempt to circumvent the 2nd Amendment...Yes we can

We can quit smoking cigarettes…ooops….No we can’t

[-] -1 points by Clicheisking (-210) 1 year ago

Give it up. Most of these people aren't very intelligent and the rest are working for obama. They can't even condemn that POS for continuing to lie about Ben Gazi. To the Left the end justifies the means.

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

Posting stuff that has been explained and died away 5 months ago?

You must feel pretty desperate for dirt if you're attempting to recycle stuff everyone has already examined and moved on from.

[-] 2 points by Underdog (2971) from Clermont, FL 1 year ago

Never hurts to be reminded about the FACTS when it comes to a plutocrat.

[-] -1 points by podman73 (-652) 1 year ago

Except when it's a plutocrat you agree with, right?

[-] 2 points by Underdog (2971) from Clermont, FL 1 year ago

I can't imagine my ever agreeing with one due to my living at the opposite end of the spectrum.

[-] 0 points by podman73 (-652) 1 year ago

Well you are a dem right an Obama supporter? If you said yes then there are the plutocrats you agree with.

[-] 0 points by Underdog (2971) from Clermont, FL 1 year ago

Although I am a registered Dem, I will vote Obama not because I agree with what he has done, but because I think Romney represents something far worse. So it is a lesser of evils. Ultimately, I view Obama as buying time for Occupy and progressive policies to possibly have a chance of taking hold (at least that is what I am hoping). With Romney, I view it as virtually impossible. I actually smell the death of Occupy if Romney wins.

[-] 2 points by hchc (3297) from Tampa, FL 1 year ago

Stop, the fact that it's Obama who is warring and giving Americans the same rights as terrorists, and forcing the poor to buy insurance, instead of McCain, is all that is keeping the youth from going nuts.

[-] 0 points by Underdog (2971) from Clermont, FL 1 year ago

I know the 2-party system severely sucks. I was disgusted with it all the way back to Ross Perot. I actually voted for him. Did you? Anyway, are you part of "the youth"? How is Obama keeping them from "going nuts"?

McCain/Palin? Seriously? C'mon...

[-] 2 points by hchc (3297) from Tampa, FL 1 year ago

The fact that its a nice guy with a D on his last name is what does it. Thats literally all it takes. (I was 12 during the Perot election).

Im saying that after 8 years of Bush, the country was ready to lose it. Which ultimately led to the mass hysteria over Obama, a guy with relatively little experience in almost anything.

If McCain had won, and had done the things that Obama has done/continued over the last 4 years, Im pretty sure we would have seen a lot more action in the streets.

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

we need party proportional representation in congress

that way if 10% of the vote is for the Green party 10% would be assigned to congress

instead of none

[-] 1 points by Underdog (2971) from Clermont, FL 1 year ago

Yes Matt. Agree 100%. That is called Parlimentary government, which the majority of free countries around the world have adopted. We are severely backward compared to the rest of the world. I don't know exactly why that is. Maybe it is because we are the world's oldest (?) modern-day democracy. Parlimentary governments have proven to be more flexible to change and able to respond faster to the needs/wishes/desires of We The People. Unfortunately, the special-interest power-elite that controls our government likes it just the way it is, so I would be enormously surprised if any Constitutional amendment would be enacted creating a parlimentary government in our lifetime (and possibly ever).

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

if we all voted publicly with our names,

the peoples desires could not be discounted

[-] 1 points by Underdog (2971) from Clermont, FL 1 year ago

How so? They already have everyone's names who are on the voter rolls. Anywhere from 45 to 47 or 48 percent of registered voters vote directly down the party line. The Independants who might vote either way are what determine which candidate is elected. Guess I'm not understanding you.

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

because we would know the results

[-] 2 points by Underdog (2971) from Clermont, FL 1 year ago

Oh yeah. Stuffing the ballot boxes with invalid votes like dead people, etc. Gotcha.

[-] -2 points by BetsyRoss (-744) 1 year ago

Then USE the actual FACTS instead of relying on left leaning spin and half truths. Or, just keep proving that you have no ability to think for yourself and that you prefer to just blindly follow the rhetoric spewed by liberals that liberals insist doesn't exist.

http://www.factcheck.org/2012/06/obama-twists-romneys-economic-record/

http://www.politifact.com/truth-o-meter/statements/2012/sep/04/deval-patrick/did-mitt-romneys-massachusetts-rank-47th-job-creat/

Besides, President Obama has set the precedent so that all I have to do it blame everything that happened during Romney's tenure on the "mess he inherited".

[-] -2 points by BetsyRoss (-744) 1 year ago

Did you just link to your own blathering because you think you are FACTUAL? Or just because you want to prove me right about the liberal rhetoric that you spew and then deny? Or because you're so insane you don't even realize that you're only blazing a trail into the rabbit hole currently known as Underdog?

I hope they follow the link you posted in your rant against me too. Then they can see your OWN WORDS declaring the human race to be ape brained, irrational, fear based creatures!

[-] -1 points by trashyharry (1142) from Waterville, NY 1 year ago

Why do we get all the whiny,grouchy,mean-spirited Republicans and the ones that are quick witted,irreverent,educated and funny,never? I am not a young person,but I am getting tired of these elderly people.

[-] 0 points by podman73 (-652) 1 year ago

Because this forum is full of whiny, grouchy, mean dem/progressives. Did you really think it would be different?

[-] -2 points by Clicheisking (-210) 1 year ago

Every single thing listed is what your messiah has done to the whole nation. Yeah, he'll save us all.

[-] 1 points by Underdog (2971) from Clermont, FL 1 year ago

He's not my messiah, But I'll take him anyday of the week and twice on Sunday over a plutocratic puppet of the power-elite (R)ich and their well-known agenda, not to mention a treasonous R congress thats only stated objective was to make O a one-term president, and therefore obstructed every single thing O tried to do to the detriment of the country, just to make him look bad.

(R)s stink so bad they make bs smell like perfume.

[-] -1 points by Clicheisking (-210) 1 year ago

Sad. Just sad.

[-] -2 points by yobstreet (-575) 1 year ago

A lot of those people he allegedly helped with Romney care subsequently fled to states of no care; to where will the American people flee to escape obamacare?

[-] 1 points by Underdog (2971) from Clermont, FL 1 year ago

Why would you want to flee?