Mitt Romney Lies #3 – Romney Campaign Attacks Stimulus Mitt Once Supported
Misinformation. Disinformation. Lies.
‘Despite Republican mythmaking that the American Recovery and Reinvestment Act (ARRA) “created zero jobs,” in November the CBO reported that the stimulus added up to 2.4 million jobs and boosted GDP by as much as 1.9 points in the previous quarter. As The Hill explained, the CBO has found that “President Obama’s 2009 stimulus package continues to benefit the struggling economy”:
‘The agency said the measure raised gross domestic product by between 0.3 and 1.9 percent in the third quarter of 2011, which ended Sept. 30. The Commerce Department said Tuesday that GDP in that quarter was only 2 percent total..’
‘By CBO’s numbers, the $800 billion stimulus added up to 0.9 million jobs in 2009, 3.3 million jobs in 2010 and 2.6 million jobs in 2011’.
‘Once upon a time, Mitt Romney was an advocate of government action to prime the economic pump. As Salon recounted in “The Stimulus Plan Romney Forgot,” Governor Romney hoped to improve the Bay State’s dismal 47th ranking for job creation’.
‘[T]he governor went big. In February 2005, Romney unveiled a sweeping $600 million stimulus package to kick-start the economy and create 20,000 jobs over five years…Most controversial: Romney wanted to spend $37 million to create new jobs by offering employers $30,000 for each new person they hired’.
‘Running for President in 2008, Mitt Romney had more stimulating to do. As the U.S. economy began slipping into recession in late 2007, candidate Romney again proposed jump-starting the economy. As the New York Times reported on January 19, 2008 in “Romney Offers an Economic Stimulus Plan”.
‘Mitt Romney offered an ambitious plan Friday to try to forestall a recession, proposing a $250 billion economic stimulus package with sweeteners for supply-side conservatives, older Americans and corporations.
Mr. Romney’s proposal, outlined in a telephone interview during a campaign swing through Nevada, is grounded in new, permanent income tax reductions. It is also double the size of stimulus packages offered by two of the Democratic presidential candidates, Senators Hillary Rodham Clinton and Barack Obama, and far exceeds the $145 billion plan that President Bush suggested to Congress on Friday’.
‘Then as now, Romney offered permanent tax cuts as the centerpiece of his plan. But when President-Elect Barack Obama was proposing a broader package of tax relief, infrastructure spending and aid to the states, Mitt Romney was on board’.
‘A month before the passage of final $787 billion stimulus program, Romney in January 2009 told CNN’s Wolf Blitzer that he backed quick action by the incoming Obama White House’:
BLITZER:’ He’s talking about a $750 billion economic stimulus package. He wants it to be passed as soon as possible. It’s unclear if whether it can be passed before he’s inaugurated on January 20th. What do you think about this proposal’?
ROMNEY:’ Well, I frankly wish that the last Congress would have dealt with the stimulus issue and that the president could assign that before leaving office. I think there is need for economic stimulus. Americans have lost about $11 trillion in net worth. That translates into about $400 billion a year less spending that they’ll be doing, and that’s net of additional government programs like Medicaid and unemployment insurance. And government can help make that up in a very difficult time. And that’s one of the reasons why I think a stimulus program is needed’.
‘And now, Mitt Romney backed by tens of millions of dollars from Karl Rove’s American Crossroads is planning on running against the very kind of economic stimulus he once whole-heartedly supported. As Politico reported, Team Romney is going to repackage its “Obama made the economy worse” lie by focusing on the stimulus’:
‘A senior campaign aide said Romney will argue that Obama has actually subtracted jobs: “Were these investments the best return on tax dollars, or given for ideological reasons, to donors, for political reasons? He spent $800 billion of everybody’s money. How’d it work out?”
From : http://www.dailykos.com/story/2012/05/29/1095641/-Romney-Campaign-Attacks-Stimulus-Mitt-Once-Supported