| Romney: Obama Out Of Ideas! |
| Sep-07-2012 |
| Keywords: obama, acceptance speech, clinton, broken, promises, pledges |
Republicans are bouncing on the latest slowdown in job growth as evidence President Obama is out of ideas.
Job growth in August declined dramatically from the previous month, slowing from a pace of 141,000 to just 96,000 new jobs last month.
The president's Republican challenger Mitt Romney says it is just the latest evidence displaying that there needs to be a change in leadership.
"It's another disappointing monthly figure," Romney told Fox News Channel's Bret Baier in Sioux City, Iowa. "If you look over the last several quarters, last several years, you see the continued pattern which is that we are not creating the jobs we need to create to put Americans back to work. For every net new job created, about four people dropped out of the workforce. So we're going in the wrong direction."
Romney's referring to the unexpected decline in the unemployment rate, which last month fell from 8.3% to 8.1%. Obviously, the 96,000 new jobs weren't enough to reduce the unemployment rate by .2%. The rate declined because 368,000 Americans gave up finding work last month. And the labor participation rate fell to a 31-year low of just 63.5%
And as far as stimulus goes, Romney says there's little left that the Federal Reserve can do to spur economic growth, it's now time for leaders in Washington DC to act.
"I don't think that there's any action that [the Federal Reserve is] going to take that will have an immediate impact on the economy," Romney said. "And frankly I think they have shot a lot of their monetary bullets and those bullets are not able to strike at a target that makes a real difference for the American worker today.
"What we need is to have policies coming from Washington that are fiscally sound and get America back on track," he added.
Asked what he thought of President Obama's speech Thursday night, Romney said he didn't watch it, but read the transcript.
"I was disappointed with the speech," Romney said. "Of course, it has been a disappointing four years. There was nothing in the speech that gives confidence that the President knows what he is doing when it comes to jobs and the economy. As a matter of fact, he hardly even mentioned jobs or the economy."
"This has been a very disappointing time for the American people," said Romney, who believes his private sector, real world business experience gives him an edge over Obama regarding the issue Americans care most about - the economy.
Romney said Obama's speech was a reminder of the promises he made in 2008 that have not come to fruition.
What will happen are the head-to-head match-ups in three separate debates. Now that the pomp and circumstance from each party has come and gone, it is in those debates that Americans will likely get the truest measure of each man.
With just 60-days before the election, Romney says the choice will be clear for voters.
"I cant' tell you when everyone will settle down - the day before or day of election. It's a horse race [between] two candidates who would take country in different directions," Romney said. |
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Posted by Lou Dobbs Staff at 1:00 PM Email to a friend |
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