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News from the Party
Businesses Created More Jobs in October than In Any Month Since February; Romney’s Plan Would Cost Jobs
November 2, 2012
The economy is growing stronger as we’re coming back from the worst economic crisis since the Great Depression. After losing 800,000 jobs a month when the President took office, businesses added 184,000 new jobs last month – totaling 5.4 million new jobs over the past 32 straight months of private-sector job growth.
· October was the strongest month of private-sector job growth since February.
· Businesses have added nearly three times more jobs since the recession ended than at this point in the 2001 recovery.
· Manufacturing is strong, the auto industry has added 250,000 jobs since President Obama rescued it, consumer confidence is at a five-year high and housing markets are recovering.
· The unemployment rate rose slightly because more people entered the labor force. Any one month can be deceiving, so we look at broader trends. Even with the uptick, the unemployment rate has fallen by a full point in the past year.
Without question, the President has a stronger plan to accelerate the recovery and create jobs now. He would put construction workers, teachers, and first responders back to work. Independent analysis shows his plan would create nearly 2 million more jobs than Mitt Romney’s just in the next year.
President Obama’s second-term agenda will continue to grow our economy from the middle out, not the top down. His concrete and specific plan for the next four years will help create jobs, develop American energy, train the best workforce in the world, reduce the deficit in a balanced way and do some nation-building here at home.
We can’t afford to let Romney take us back to the same top-down, failed policies that crashed our economy and devastated the middle class. We have to move forward.
Independent economists agree his plan would cost jobs and slow the recovery.He’d roll back regulations on the Wall Street recklessness that led to the crisis.
It’s mathematically impossible to pay for his $5 trillion tax breaks favoring the wealthiest without raising taxes on the middle class or exploding the deficit.
He wanted to “let Detroit go bankrupt,” risking more than 1 million auto jobs.
CLOSING ARGUMENT: FIGHTING FOR A STRONG MIDDLE CLASS
Yesterday the President laid out the closing argument he’s making to the American people in the final days of this campaign. Please watch and share with your friends.
