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Sun Sep 16, 2012, 11:10 PM

Romney justifies virtually no job growth at his 3 1/2 year point in Mass. [View all]

Probably your crazy uncle is telling you that he's tired of hearing "Oblamer" blame Bush for the poor state of the economy and essentially zero job growth since he took office (since January 31, 2009 thru August 31, 2012, under Obama 261,000 jobs have been lost, although he is in positive territory in private sector jobs).

Your crazy uncle also pooh poohs you when you tell him that in the last 30 months, under Obama 4.6 million private sector jobs and 4.1 million total jobs (actually civilian non-farm payroll jobs), have been created, telling you that you are cherry-picking Obama's best months blah dee blah.

# Payroll Jobs: http://data.bls.gov/timeseries/CES0000000001
# Private Sector Payroll Employment: http://data.bls.gov/timeseries/CES0500000001

Well, Romney in his June 24, 2006 press conference (nearly 3 1/2 years into his governorship of Massachusetts), blamed the economy he inherited for his woeful job record over his entire term, and touted the 50,000 jobs created since the turnaround. Exactly the sort of argument that the righties are criticizing us for making regarding Obama.

Transcript and press-conference video (1:50): http://www.youtube{DOT}com/watch?v=ArRj-dQXX3Y
(replace the {DOT} with . in the above URL. I don't know why it is fighting with me)


TRANSCRIPT:"You guys are bright enough to look at the numbers. I came in and the jobs had been just falling right off a cliff, I came in and they kept falling for 11 months. And then we turned around and we're coming back and that's progress. And if you are going to suggest to me that somehow the day I got elected, somehow jobs should have immediately turned around, well that would be silly. It takes awhile to get things turned around. We were in a recession, we were losing jobs every month. We've turned around and since the turnaround we've added 50,000 jobs. That's progress. And there will be some people who try and say, 'well Governor, net-net, you've only added a few thousand jobs since you've been in.' Yeah but I helped stop, I didn't do it alone, the economy is a big part of that, the private sector's what drives that -- up and down -- But we were in free fall for three years. And the last year that I happened to be here, and then we turned it around, as a state, private sector, government sector, turned it around. And now we're adding jobs. We wanna keep that going, to the extent we can. We're the, you know, we're one part of that equation, but not the whole equation. A lot of it is outside of our control, it's federal, it's international, it's private sector. But I'm very pleased that over the last a 2, 2 and a half, years we've seen pretty consistent job growth. 50,000 new jobs created, some great companies, we just had, last week, Samsonite announced their headquarters moving here. Companies outside Massachusetts moving in to Massachusetts. That kind of commitment, that kind of decision, says something about what they feel about the future of our state."

Well, then I wondered, is 50,000 jobs so great for a state the size of Massachusetts? Using July 2011 data, Massachusett's share of the USA population is 6.587 Million / 311.6 Million = 2.1139%. (It would have been better to dig up population numbers more around the 2003-2006 time frame but I doubt that the percentage would be more than slightly different). So on a per-capita basis, 50,000 jobs in Massachusetts is equivalent to 50,000 / 2.1139% = 2.366 Million nationwide jobs.

I'm assuming since the press conference was held in June 24, 2006, that the 50,000 jobs is through the end of May 2006 since they wouldn't have end-of-June numbers in yet.

Well, Obama in a similar point of his presidency -- the end of May 2012, had presided over the creation of 3.744 Million jobs.

So on a per-capita basis since their respective job turnaround points, Obama's job creation record is 3.744 / 2.366 = 1.58 X better (58% better) than Romney's.

And since Romney is "very pleased" with his job creation record in Massachusetts since the turnaround, he should be 1.58 times "very pleased" with Obama's record.


(Note that since Obama took office January 20 (2009) and Romney took office January 2 (2003), I could have moved Obama forward by a month to the end of June. If so, Obama's job creation record through the end of June 2012 is 3.819 Million jobs, and his per-capita record is 3.819 / 2.366 = 1.61 X better (61% better). But I'll settle for the end of May figures. )

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