Friday, June 15, 2012

PERRspectives: Romney's Big Lie on the Economy Now Bigger than Ever

PERRspectives: Romney's Big Lie on the Economy Now Bigger than Ever
"Barack Obama entered office in 2009 as the Bush recession was in full swing. GDP had plummeted by a shocking 8.9 percent the previous quarter. 820,000 jobs were lost in January 2009 alone; all told 2.2 million evaporated in the three months before Obama's stimulus was passed in February. (That might explain why even three years after he left office, Americans still blame George W. Bush for the economic calamity he bequeathed to Barack Obama.) Now, even with the difficult recovery, the U.S. has produced 27 months of private sector job gains and a return to economic growth. And despite Romney's charge that President Obama's are "the most anti-investment, anti-business, anti-jobs series of polices in modern American history," the Dow Jones has jumped by 56 percent since January 20, 2009. Corporate profits are at record highs even as firms' tax burden continues to drop."

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