The Obama campaign has a new television ad attacking Mitt Romney’s economic record while governor of Massachusetts . The Obama Ad claims that under Gov. Romney, Mass. “fell to 47th in job creation, 4th from the bottom” Actually the state was last – 50th when Romney took office. Yes it was 47th while on it’s way up to 30th by the time Romney left office (a big improvement).
Meanwhile, nationally, there were 11.6M people unemployed when Obama took office. Now a little more than 3 ½ yrs. into his presidency there are 12.7M unemployed. The unemployment rate was 7.8%, went to 10% and is now at 8.2%. It’s at 8.2% now only because so many people have stopped looking for jobs that don’t exist and aren’t counted. If that weren’t happening, the unemployment rate would be about 11%.
Debt: federal debt was at $10.6 trillion when Obama took office. He has added $5.1 trillion in only 3 ½ yrs (more than Bush added in 8 yrs) to make it 15.7 trillion.....MAYBE OBAMA SHOULDN'T BRING UP THE ECONOMY