INGRAHAM: You’ve also noted that there are signs of improvement on the horizon in the economy. How do you answer the president’s argument that the economy is getting better in a general election campaign if you yourself are saying it’s getting better?
ROMNEY: Well, of course it’s getting better. The economy always gets better after a recession, there is always a recovery. […]
INGRAHAM: Isn’t it a hard argument to make if you’re saying, like, OK, he inherited this recession, he took a bunch of steps to try to turn the economy around, and now, we’re seeing more jobs, but vote against him anyway? Isn’t that a hard argument to make? Is that a stark enough contrast?
ROMNEY: Have you got a better one, Laura? It just happens to be the truth.
When President Obama took office, the economy was shedding 800,000 jobs per month and contracting at a rate of 8.9 percent. As Time’s Michael Grunwald noted, at that pace, “we would have shed the entire Canadian economy .. http://tinyurl.com/cepzhkf .. in 2009.” Literally four years ago, in September 2008, the U.S. was gripped by financial panic. Investment banks were failing, mortgage giants Fannie Mae and Freddie Mac were placed into conservatorship, and the groundwork was being laid for the Bush administration’s $700 billion bailout of the financial system.
Now, a slow recovery has taken hold, which is undoubtedly an improvement. And not that long ago, Romney himself was willing to concede as much.
Eric Fehrnstrom .. “Saying that things are better off is an insult,” .. Romney .. "Well, of course it’s getting better." .. who wrote this script? .. LOL
It was Plato who said, “He, O men, is the wisest, who like Socrates, knows that his wisdom is in truth worth nothing”