One of Willard Romney’s contentions is that President Obama is responsible for the unemployment numbers, and he has promised America that if he is elected president, his tax $5 trillion tax cuts for the wealthy will spur job creation and boost the economy. He even touted his job creation prowess while he was head of Bain Capital, and he was responsible for creating jobs, in China, and earning a tax break in the process, but it came at the expense of Americans’ jobs that continues to contribute to the 8% unemployment rate and slow-growing economy. However, his persistent claims that President Obama is responsible for the unemployment picture is part of his pathological lying, and if he were honest, he would point to his party’s obstruction as to why millions of Americans are out of work; but then he could not sell George W. Bush’s trickle down fantasy. Since it is a fact that giving more tax break entitlements to the wealthy and eliminating regulations does not boost job creation, it is worth looking at what Republicans have done over the past three-and-a-half years to create jobs. The short answer is absolutely nothing and in fact, the GOP is responsible for retarding job growth they began planning on inauguration night 2009.
Romney says the economy is worse today than when President Obama took office, but after 30 months of job growth, it is impossible to square Willard’s contention with the 800,000 jobs lost in January 2009 when President Obama’s term began. It was the worst job loss in a single month in 60 years, and with the economy in a dire situation, the President stimulated the economy with the American Recovery and Reinvestment Act (the stimulus) that Republicans opposed and continue to claim was a failed policy, even though nearly every economic study showed that it created between 3.3 and 3.8 million jobs and prevented the unemployment rate from skyrocketing to 10.8 percent. Republicans continued to parrot the failed policy meme when the President proposed the American Jobs Act (AJA) last year that economists estimated would create well over 1 million jobs. It has been over a year since President Obama proposed the AJA, and Republicans have successfully blocked what is now considered the creation of between 1.9 and 2.6 million jobs because they think the money is better spent on tax cuts for the rich. Most real economists claimed that although stimulus was successful creating jobs, it was not nearly enough.