Ryan has a short memory, or an odd definition of ‘worse’
August 22, 2012 Leave a Comment
“When Obama came into office, it was tough,” Republican vice presidential candidate Paul Ryan said in Roanoke today. “He inherited a difficult situation. Here’s the problem: He made it worse. He can’t run on accomplishments. It’s a failed record.”
Yes, what part of record could Obama possibly run on? When he took office, the economy was shedding jobs at the rate of hundreds of thousands a month. We’ve now had 30 months of continuous private-sector job growth. The Dow was in a free-fall; it just hit a four-year high. Detroit is still in business. Osama bin Laden is not. The Affordable Care Act will cover 30 million Americans and help rein in the spiraling costs of Medicare. Obama got Congress to pass the Lilly Ledbetter Fair Pay Act, helping women get justice for decades of unequal pay. He got the middle men out of student loans, saving the federal government billions of dollars that had been going to banks for making risk-free (to them) loans. He’s lowered taxes for every American. According to Ryan, that’s what “worse” looks like. Where was Romney in 2008 and early 2009? And why has he apparently lost all memory of that chaotic time?
If Republicans in Congress weren’t hellbent on denying Obama any legislative success, his American Jobs Act would help create millions more jobs, according to independent economists.
Ryan’s right. With a “failed record” like that, why is Obama even bothering?
Amusingly, Ryan repeated Mitt Romney’s vow to create 12 million jobs in the next four years if they’re elected. Despite the fact that Romney has called job growth under Obama “disappointing,” the nation is already on track to gain that many jobs in the next four years, according to Moody’s Analytics. The kicker, according to Moody’s senior analyst Hopkins? “In effect, therefore, Romney is essentially promising no more jobs than we currently expect to gain under proposals similar to those advanced by the Obama administration. There’s not enough in Romney’s plan to estimate how many jobs it would create. If he’s saying the net change will be 12 million jobs, that’s exactly what we’re estimating without Romney’s plan.”