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Politics : President Barack Obama
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To: Sr K who wrote (112718)4/22/2012 11:29:49 PM
From: puborectalis  Read Replies (1) of 149317
 
A core argument of Romney’s presidential campaign is that he knows how to create jobs based on his career in finance. As governor, Romney faced his first test in applying his business background to a slow-growing economy — and data show that the results were unremarkable.

Massachusetts was one of just four states that by the time of the financial crisis still had not recovered all the jobs they had lost during the 2001 recession. And, as Romney’s opponents have pointed out, the state ranked 47th in job creation during his term.

The parallels between Massachusetts then and the country as a whole now point to the same central problem that has dogged the U.S. economy the last three times it’s climbed out of a recession: The recovery hasn’t created enough jobs.

Many state policymakers and economists say Romney struggled to apply his business expertise to Massachusetts’s problems during his tenure.
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