• Romney Economics: It didn’t work then, and it won’t work now

    Mitt Romney talks a lot about his time as a corporate buyout specialist, but you know what we don't hear very much about?

    His experience as governor of Massachusetts.

    That may be because he made promises to the people of his state during his '02 campaign that sound an awful lot like the ones he's making to the country today—and he failed to deliver on them.

    Just like now, he claimed his success in the private sector meant he'd be able to create jobs, cut taxes, and bring down the debt. He did the opposite.

    Even as the rest of the country was enjoying a brightening economy, during Romney's term Massachusetts plummeted to 47th out of 50 states in job creation; manufacturing jobs declined at twice the national average; and for the first time since 1995, its unemployment rate was above the national average.

    Long-term debt ballooned by more than $2.6 billion—leaving the people of Massachusetts with the highest per capita debt of any state in the nation. State spending increased every single year, and Romney raised taxes and fees by $750 million per year—leading to a higher state and local tax burden of $1,200 for every Bay Stater. Over his term, fees at public colleges skyrocketed by 63 percent, and during his first year, K-12 schools saw the second-largest percentage cuts, per student, in the nation.

    All that in just four years.

    Mitt Romney promised more jobs, less debt, and smaller government for Massachusetts based solely on his experience as a corporate buyout specialist. Turns out that being good at maximizing profits for yourself and your investors, but leaving companies bankrupt and workers without jobs, doesn't exactly prepare you to lead a state—or a country.

    Yet Romney's out there making the same empty promises all over again. And we've got to make sure no one buys it this time.

    The bottom line? Romney Economics didn't work for Massachusetts then, and it won't work for America now.

    Join the Truth Team, and get the word out.

    We've got work to do—let's go.

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