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babylonsister

(171,089 posts)
Sun Jun 17, 2012, 09:52 AM Jun 2012

"...Romney’s policies delivered the crisis in the first place."

Obama: Romney’s policies are the incumbent
Posted by Ezra Klein at 04:24 PM ET, 06/14/2012


snip//

To Romney’s contention that Obama hasn’t delivered a recovery, the president offered his most forthright defense of his record thus far:

It has typically taken countries up to 10 years to recover from financial crises of this magnitude. Today the economies of many European countries still aren’t growing, and their unemployment rate averages around 11 percent.

But here in the United States, Americans showed their grit and showed their determination. We acted fast.

Our economy started growing again six months after I took office, and it has continued to grow for the last three years.

Our businesses have gone back to basics and created over 4 million jobs in the last 27 months, more private sector jobs than were created during the entire seven years before this crisis, in a little over two years.

“Recovering from the crisis of 2008 has always been the first and most urgent order of business, but it’s not enough,” the president continued. “Our economy won’t be truly healthy until we reverse that much longer and profound erosion of middle-class jobs and middle-class incomes.”

That, Obama argued, was the real choice in this election: Romney might say that Obama’s policies haven’t delivered a recovery fast enough. But Romney’s policies delivered the crisis in the first place.


One speech doesn’t change an election, and this one won’t, either. But the Obama campaign’s line of attack does point to a difficulty for the Romney campaign in the coming months: Where can they show a sharp break with the policies of the Bush administration? Spending cuts, perhaps, but the more specific they get on what they’ll cut, the most voter opposition they face. When Lanhee Chen, the Romney campaign’s policy director, was asked this question on Bloomberg, he replied by noting Romney’s more confrontational attitude toward China. But voters may want more than that.
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"...Romney’s policies delivered the crisis in the first place." (Original Post) babylonsister Jun 2012 OP
How long, under Bush43, did it take to return the Dow to the levels it was zbdent Jun 2012 #1
Obama created more jobs in America in just 3 years than Bush created in 8 years. Major Hogwash Jun 2012 #2
Absolutley gopiscrap Jun 2012 #3
It is important to match Romney with Bush - Dubya II Rosa Luxemburg Jun 2012 #4

zbdent

(35,392 posts)
1. How long, under Bush43, did it take to return the Dow to the levels it was
Sun Jun 17, 2012, 10:24 AM
Jun 2012

when Bush43 took office?

And how long did it take, under President Obama, to return, even surpass, the level the Dow was when HE took office?

All the while, Bush43's frontmen were all blaming it on Clinton (or even Gore fighting the election results, IIRC)

Major Hogwash

(17,656 posts)
2. Obama created more jobs in America in just 3 years than Bush created in 8 years.
Sun Jun 17, 2012, 12:41 PM
Jun 2012

But, Romney would like to "return to the failed economic policies of the past".

Which is a phrase that haunts Reagan's supporters to this day because he used it so many times when he was running for President.
So, President Obama should just use that phrase during his campaign and turn it around to use on them during this election campaign cycle.

He could alter it a little and say, "return to the failed economic policies of the recent past" and get a jab in at Bush at the same time.
Tying Reagan to Bush was what Karl Rove thought would make Bush look successful.
It didn't, it just made Bush suck.

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