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ProSense

(116,464 posts)
Fri Aug 10, 2012, 08:47 PM Aug 2012

LOL! National Review: Don’t Panic (updated)

Don’t Panic

By The Editors

Republicans, especially in the pundit and strategist class, need to take a deep breath. Yes, Mitt Romney has been behind in most of the polls, both in the nation as a whole and in swing states. Yes, there is some evidence that the brutal and unscrupulous ad campaign by the Democrats is hurting his numbers. Yes, the press has been emphasizing his gaffes and alleged gaffes.

And yes, the air is now thick with advice about how Romney needs to reboot his campaign. Some of that advice is even coming from people who wish the campaign well. Many conservatives are urging Romney to make a bold running-mate pick to shake up the race. Others say he needs to offer more policy detail.

<...>

Countering that message is more important for Romney than making the perfect vice-presidential choice. Here his strategy could use improvement. Romney’s principal argument is that the economy is weak, and therefore President Obama has failed. Blaming the weak economy on Obama has two political defects. First, it underestimates the public’s willingness to cut him slack because he inherited an economic crisis. Second, implying that all would be well if Obama’s policies were rolled back lends credence to the Obama campaign’s relentless attack on Romney as the second coming of George W. Bush.

Better for Romney to acknowledge that we have had some long-building problems in addition to ones of more recent creation, and to pledge to fix them. Our dysfunctional health, tax, and immigration systems long predate Obama even if he has made them worse. All need conservative reforms if they are to serve the country’s interests. So do our entitlement programs. Romney need not (and should not) repudiate Bush. He needs instead to make a case that transcends the Obama-vs.-Bush debate that the president is obviously desperate to have.

- more -

http://www.nationalreview.com/articles/313667/don-t-panic-editors

Dear Editors, Mitt cried uncle!

Updated to add:

Release the Returns

By The Editors

<...>

Romney may feel impatience with requirements that the political culture imposes on a presidential candidate that he feels are pointless (and inconvenient). But he’s a politician running for the highest office in the land, and his current posture is probably unsustainable. In all likelihood, he won’t be able to maintain a position that looks secretive and is a departure from campaign conventions. The only question is whether he releases more returns now, or later — after playing more defense on the issue and sustaining more hits. There will surely be a press feeding frenzy over new returns, but better to weather it in the middle of July.

- more -
http://www.nationalreview.com/articles/309738/release-returns-editors

^^^^Update^^^



Oh, and speaking of "underestimates" and "the second coming of George W. Bush," ponder this:

FLASHBACK: Romney Economic Advisers Predicted Bush Tax Cuts Would Lead To Huge Job Growth (updated)
http://www.democraticunderground.com/10021071809

The U.S. economy gets a dash of good news for a change
http://www.washingtonpost.com/blogs/ezra-klein/wp/2012/08/09/the-u-s-economy-gets-a-dash-of-good-news-for-a-change/



http://www.democraticunderground.com/10021069095

Video: 2004 Mitt Romney Says It’s ‘Poppycock’ To Blame President For Job Market

by Tommy Christopher

Progressive SuperPAC American Bridge has dug up some video of Republican presidential candidate and then-Massachusetts Governor Mitt Romney, defending President George W. Bush‘s economic record in 2004, that’s spookily resonant to this year’s election. In the clip, Romney not only amusingly uses the word “poppycock” (one of the all-time underrated old man curse words and a delicious snack), he also urges voters not to blame the President for unforeseen catastrophes, and to ask “Do I stay with the president, who is rebuilding the economy, who is creating jobs, or do you want to stop mid-stream and find someone new?’”

In the video, Romney draws several eerie parallels to the current election. While President Obama took office in the middle of what some call an “economic 9/11,” Romney talked about a “perfect storm” that included the actual 9/11: (transcription by American Bridge)

“The people of America recognize that the slowdown in jobs that occurred during the early years of the Bush administration were the result of a perfect storm. And an effort by one candidate to somehow say ‘Oh, this recession and the slowdown in jobs was the result of somehow this president magically being elected…’ people in America just dismiss that as being poppycock. And they recognize it as that.”


Later in the clip, Romney blames the internet bubble, whereas President Obama had to contend with a Jupiter-sized real estate bubble:

“They (the American people) also recognize that there was a cyclical recession that rebounded from the extravagance of the period that existed prior to that time where we had irrational exuberance, according to Alan Greenspan, and we had a downturn. They also recognize that the internet bubble burst. These things came together creating a perfect storm that meant a huge job loss.”


- more -

http://www.mediaite.com/online/video-2004-mitt-romney-says-its-poppycock-to-blame-president-for-job-market/





Romney Camp Defends Poor Jobs Record: He Inherited A Bad Situation

Pema Levy

Mitt Romney has been dogged by an unfortunate statistic for his entire campaign: When he was governor, Massachusetts ranked 47th in job creation. President Obama’s campaign has ramped up the attack this week in response to Romney’s assertion that he knows how to create jobs — a fact he says is backed up by his record in the private sector. Sunday, Romney’s campaign struck back with a new line of defense: Romney stepped into a serious situation and improved it.

If it sounds familiar, it should — it’s the same line of reasoning that Obama is using to persuade voters to stick with his policies.

Twice on Sunday, Romney’s advisers appeared on television armed with different numbers than the ones wielded by the Obama campaign. On ABC’s “This Week,” Obama’s deputy campaign manager Stephanie Cutter and top Romney adviser Eric Fehrnstrom duked it out over Romney’s Massachusetts record.

Massachusetts “did fall to 47th out of 50 in jobs creation,” Cutter said on ABC’s “This Week.” “Wages went down when they were going up in the rest of the country. He left his successor with debt and a deficit, and manufacturing jobs left that state at twice the rate as the rest of the country.”

- more -

http://2012.talkingpointsmemo.com/2012/06/romney-massachusetts-record-job-creation-47th-fehrnstrom.php



If the first six months don't count...

By Steve Benen

Mitt Romney sat down with CNBC's Larry Kudlow, and made a curious observation. He said voters who want a strong economy should vote for him, but Americans "ought to give, whichever president is going to be elected, at least six months or a year to get those policies in place."

At first blush, that may sound fairly reasonable. A president takes office, he or she needs time to put a team in place, craft an agenda, and get to work. What's more, we generally don't see the results of economic policies immediately; the agenda needs to time to take effect. In Romney's mind, six months to a year seems fair.

But let's go ahead and apply this standard to President Obama, who took office in the midst of the worst global economic catastrophe since the Great Depression. Hey, look, here's a new chart I put together.



Throughout the presidential campaign, Romney has said the clock should start in February 2009, Obama's first month in office. If that's fair -- if the president deserves the blame for every job lost on his 11th day in office -- it's true that under Obama, the economy is still in a deep hole and hasn't fully recovered from the losses of early 2009.

- more -

http://maddowblog.msnbc.msn.com/_news/2012/07/24/12926538-if-the-first-six-months-dont-count


New Obama Ad and Website romneyplan.org is Going to Crush Mittens
http://www.democraticunderground.com/10021093897
14 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
LOL! National Review: Don’t Panic (updated) (Original Post) ProSense Aug 2012 OP
One lies and the other swears to it ,Team work!!!! orpupilofnature57 Aug 2012 #1
The lies ProSense Aug 2012 #4
Thanks, ProSense. What a great read. russspeakeasy Aug 2012 #2
You're welcome! ProSense Aug 2012 #3
Oh, no! An "unscrupulous ad campaign!" Hissyspit Aug 2012 #5
Shocker! The Editors of NR are exploding Cha Aug 2012 #6
The NR editors must be listening to this guy hifiguy Aug 2012 #7
That could easily be an image of Romney or Ryan. n/t ProSense Aug 2012 #13
Romney's "Perfect Storm" Comment Is Only Partially Correct DallasNE Aug 2012 #8
It didn't ProSense Aug 2012 #10
You Are Making A Wholely Different Point DallasNE Aug 2012 #11
Oh, I ProSense Aug 2012 #12
DU rec...nt SidDithers Aug 2012 #9
Kick! n/t ProSense Aug 2012 #14

ProSense

(116,464 posts)
4. The lies
Fri Aug 10, 2012, 09:58 PM
Aug 2012

are tripping them up. I mean, National Review's advice is "don't panic" after it already called on Mitt to release his returns, calling his position unsustainable. Mitt cries uncle.



Hissyspit

(45,788 posts)
5. Oh, no! An "unscrupulous ad campaign!"
Fri Aug 10, 2012, 11:08 PM
Aug 2012

Where on earth did anyone get the idea to upend the social niceties?! I might just get the vapors!

What hypocritical shits they are. I mean, really.

Cha

(297,886 posts)
6. Shocker! The Editors of NR are exploding
Fri Aug 10, 2012, 11:17 PM
Aug 2012

with Elephant Crap, too.

Thx for this in depth report, ProSense.

DallasNE

(7,404 posts)
8. Romney's "Perfect Storm" Comment Is Only Partially Correct
Fri Aug 10, 2012, 11:26 PM
Aug 2012

9/11 did not contribute to recession. Yes, the stock market took a huge 1-day hit once it reopened but the liquidity that was poured into the system as an immediate response to 9/11 was actually the stimulus that was necessary to pull the country out of recession, not drive it into a recession. While the airlines were hit very hard the overall economy started to move up immediately (I believe October was the last month of the 2001 recession).

When Romney got his perfect storm talking point wrong it shows he doesn't understand macroeconomics so he would just repeat the mistakes from the past and immediately drive the economy into the ditch (recession). You can take that to the bank!

ProSense

(116,464 posts)
10. It didn't
Fri Aug 10, 2012, 11:42 PM
Aug 2012
Romney's "Perfect Storm" Comment Is Only Partially Correct

9/11 did not contribute to recession. Yes, the stock market took a huge 1-day hit once it reopened but the liquidity that was poured into the system as an immediate response to 9/11 was actually the stimulus that was necessary to pull the country out of recession, not drive it into a recession. While the airlines were hit very hard the overall economy started to move up immediately (I believe October was the last month of the 2001 recession).

...help much. Take a look at the chart below. Real job growth didn't return until 2004. That's after two Bush tax cuts. The chart also shows what real stimulus can do, 2009 to 2010.

A decade of jobs numbers

By Steve Benen



Just for fun, I thought I'd post one more jobs chart, following up on the earlier item. This one shows job growth by year going back to 2001. The blue columns point to President Obama's term, while the red columns point to the Bush/Cheney era, and just as importantly, the lighter color refers to the overall jobs picture, while the darker color points only to the private sector.

So far in 2012, from January to July, the overall economy has added 1.06 million jobs, while the private sector has added 1.12 million jobs. Note that in every year of the Obama presidency, the private sector outpaced the overall economy, while in every year under Bush, that notorious Marxist, the private sector trailed the overall job market.

And while job growth has been underwhelming in 2012, the year to date -- which, again, only includes seven months -- has outpaced the first three years of the Bush presidency combined. Indeed, we've seen more jobs created since January than in five of the eight years Bush was in office.

What's more, the chart should also make it obvious that economic conditions have vastly improved since 2009, when Obama took office. In fact, what the hell, let's throw one more chart into the mix. Mitt Romney recently said the first 6 to 12 months shouldn't be held against a new president. If that's true, Obama has created 3.88 million jobs overall, and 4.44 million private-sector jobs.

- more -

http://maddowblog.msnbc.com/_news/2012/08/03/13103583-a-decade-of-jobs-numbers


Summary:

In 2011, private sector job creation under Obama was better than seven out of eight years of Bush's term.

Private sector job creation for 2010 and the seven months of 2012 outpaced private sector job creation in five out of eight years under Bush.






DallasNE

(7,404 posts)
11. You Are Making A Wholely Different Point
Sat Aug 11, 2012, 01:20 AM
Aug 2012

GDP is the yardstick to determine economic activity and GDP turned up almost immediately after 9/11. Jobs are a lagging indicator. The liquidity provided by the Fed after 9/11 was a top down stimulus so it would be weaker because the multiplier effect is much weaker than pumping money directly into spending so I'm not arguing with you on your point. But those points had almost nothing to do with my point. I simply said Romney was wrong about one leg in his "perfect storm" analogy that said 9/11 dragged down the whole economy.

ProSense

(116,464 posts)
12. Oh, I
Sat Aug 11, 2012, 01:24 AM
Aug 2012

"You Are Making A Wholely Different Point"

...understood the point, but just piggy backed on it to show how long it took Bush to get the economy back on track given the Fed activity and his tax cuts.

Thanks for the details.



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