Four years ago, President Obama took office amid the worst economic crisis since the Great Depression. Our economy bled millions of jobs thanks to the economic policies that Mitt Romney hopes to return to. But under the President’s leadership, the economy has added 5.2 million private sector jobs over the last 31 months. The U.S. auto industry is roaring back, adding new auto jobs across the country.
While we’re on the right track, there’s still more to do. But it’s important to note the progress we’ve made and how the policies President Obama is putting in place are helping strengthen our economy. Take a look at some key economic measures of where we stand today:
31 straight months of private sector job growth
Largest one-year drop in unemployment rate since February 1995
Highest private sector employment since 2008
Best manufacturing job gains since the mid-1990s
Highest manufacturing output in four years
Consumer confidence at highest level in five years
Lowest foreclosure rate in five years
Home prices seeing strongest growth since late 2006
Household net worth at highest since 2008
Mortgage refinancings recently hit their highest levels since early 2009
GDP at an all-time high with 13 straight quarters of economic growth
Best auto industry job growth since 1997
Highest number of car sales since 2008
Motor vehicle and parts output hit highest levels ever in July
Business investment in equipment and software at highest level of all time
U.S. monthly exports are up 41%
Stock market at its highest point in more than four years
Retirement assets at highest levels ever
There’s more work to be done to put our economy on a strong foundation that’s built from the middle class out. On top of continuing this progress, the President has a clear and detailed plan to create 1 million manufacturing jobs, double U.S. exports, cut college tuition growth in half, recruit 100,000 math and science teachers, cut net oil imports in half, reduce the deficit by more than $4 trillion, and use savings from ending overseas operations to pay down the deficit and re-invest in nation building here at home. That’s the economic vision President Obama has put forth.
By contrast, Romney is promising to take us back to the policies that pushed America into the economic recession in the first place. He’s promised to repeal Wall Street reform while remaining silent on how he’d prevent Wall Street from engaging in the risky practices that helped cause the 2008 financial crisis. He’s pushing a plan that pays for tax cuts for millionaires and billionaires by raising taxes on the middle class. He’s pledged to “kill” Obamacare and return to a time when insurance companies spent less on care and more on premiums. And his tax proposal could create 800,000 jobs overseas instead of here at home.
As the President has said, “We can’t afford to go back to the policies that got us into this mess. We’ve got to continue with the policies that are getting us out of the mess. We’ve got to move forward.”
Share the facts with your friends and make sure you vote on Nov. 6th so we can move forward together, not back.
This post was updated on October 30, 2012.
By continuing to tell voters that Chrysler is moving Jeep production to China, Mitt Romney has once again demonstrated his utter lack of regard for the truth.
Even though Chrysler, along with scores of independent fact checkers, has repeatedly pointed out that Jeep has no intention of shifting production, the Romney campaign has doubled down and released a wildly misleading advertisement on the airwaves in Ohio.
Click here to see why Romney’s claim doesn’t withstand basic scrutiny.
In fact, Chrysler is expanding U.S. production and posting record profits. Today the company announced that its third quarter profits nearly doubled to $381 million on the heels of its best September in five years. And Chrysler is adding workers in Toledo and Detroit to support additional Jeep production, which has nearly tripled since 2009 in order to keep up with global demand.
As Chrysler’s CEO, Sergio Marchionne, made abundantly clear, “Jeep assembly lines will remain in operation in the United States and will constitute the backbone of the brand. It is inaccurate to suggest anything different.”
But despite the facts, Mitt Romney has refused to take down the ad. Newspapers and commentators across the country have taken note, and they’ve begun to highlight the Romney campaign’s brazen dishonesty:
Politifact: “Pants On Fire”
“The ad leaves the clear impression that Jeeps built in China come at the expense of American workers…
“The ad ignores the return of American jobs to Chrysler Jeep plants in the United States, and it presents the manufacture of Jeeps in China as a threat, rather than an opportunity to sell cars made in China to Chinese consumers. It strings together facts in a way that presents an wholly inaccurate picture.
“We rate the statement Pants on Fire!”
The Washington Post: “4 Pinocchios for Mitt Romney’s misleading ad on Chrysler and China”
“[T]the overall message of the ad is clearly misleading—especially since it appears to have been designed to piggyback off of Romney’s gross misstatement that Chrysler was moving Ohio factory jobs to China.
“It is also especially strange that the ad touts Romney’s endorsement by the Detroit News, when the editorial actually backs up Obama’s criticism of Romney’s response to the auto industry crisis.”
National Journal: “Romney ad wrongly implies Chrysler is sending U.S. jobs to China”
“Republican nominee Mitt Romney is running a new TV ad that implies Chrysler is planning to move U.S. auto jobs to China, though that is not the case…
“Despite the controversy, Romney launched a TV ad Sunday that could lead viewers to conclude Chrysler was indeed going to shift Jeep production to China.”
Los Angeles Times: Romney’s claim is “not true.”
“But in an indication that Romney’s campaign is worried about the impact of the bailouts, he is airing an ad claiming that Obama took car companies into bankruptcy and sold Chrysler to a company that plans to start producing Jeeps in China. The implication is not true: Fiat is making Jeeps in China for the Chinese market but did not eliminate any American jobs or stop making Jeeps in the United States.”
NBC Northwest Ohio: “Jeep not leaving Toledo for China, Chrysler assures”
“UAW Region 2B director Ken Lortz called Romney’s statements about Jeep production moving to China ‘offensive and wrong.’
“‘The auto industry supports 1 in 8 jobs in Ohio. We Ohioans know the truth. We will continue to build our great products here in Toledo, in Ohio, and across this great nation because thanks to President Obama, America’s auto industry has come roaring back. We will never forget that you [Romney] were so quick to let it slip away,’ Lortz said….
“The Romney campaign has not yet issued a response to the incorrect statements made about Jeep production during the Defiance rally.”
Detroit Free Press: “Romney repeats false claim of Jeep outsourcing to China; Chrysler refutes story”
“Romney’s comments were immediately skewered by auto industry observers and Romney’s political opponents because Chrysler has added about 7,000 workers in the U.S. and Canada since emerging from chapter 11 bankruptcy in 2009.
“The company is planning to add about 900 workers at its pickup plant in Warren by March.”
The Washington Post: “The Romney ad has been widely criticized for leaving the impression that Chrysler is moving jobs from its Toledo, Ohio Jeep plant overseas.”
“14-year Jeep worker James Fayson said he was offended that Romney had implied his job could be shipped overseas.
“‘The fact that you would fabricate a story about our jobs moving to China makes you the worst kind of politician,’ he said of Romney.
“Ken Lortz, director of the UAW for Ohio and Indiana, called the ad the ‘lowest form of political tactic.’
“He said Romney had only ‘angered Ohioans who know better.’
“‘We knew he wasn’t on our side when the economy and the industry was on the brink, but the fact that he would lie to our faces and try to deceive us is just too much,’ he said.”
Business Insider: “Mitt Romney has been telling a huge whopper about the auto industry, and his campaign is finally paying for it.”
”Ads that mislead or stretch the truth are nothing new for presidential campaigns. But this ad—and Romney’s comments last week—has prompted harsh criticism from the media, likely because it strikes reporters as not only disingenuous, but irresponsible. For Romney to suggest that the livelihoods of specific voters—namely workers at the Jeep plant in Toledo—are in danger in order to win an election comes across to many as the type of fear-mongering that no one wants in a president.”
This deliberately deceptive ad is only the latest example of Mitt Romney’s attempts to rewrite history when it comes to the auto industry. While President Obama made the tough, politically unpopular decision to rescue the U.S. auto industry and save more than 1 million jobs, Mitt Romney wanted to—and would have—“let Detroit go bankrupt.” And President Obama has fought against unfair Chinese trade practices that make it harder to export American-made cars like Jeeps. Voters in Ohio and Michigan won’t be fooled by Romney’s distortions—they’re well acquainted with his record, and they have no reason to expect he would suddenly start standing up for them as President.
Mitt Romney claims he cut taxes as governor of Massachusetts. The truth? The number of taxes and fees he hiked on the Bay State’s small businesses and middle class cost taxpayers $750 million a year. Can the sheer number of fees be listed in 30 seconds? Take a look, then share this video with your friends.
Take a (very quick) look at what the President has accomplished in his first four years, then share this video with your friends and family so everyone knows what we can do in the next four.
“Veterans need to know that President Barack Obama has their best interests in mind.” Watch U.S. Navy veteran Tyre Nelson explain why he no longer identifies with the Republican Party and is voting for President Obama—then share this video with your friends and family.