(CNN) - In his weekly podcast on Saturday, Republican presidential nominee Mitt Romney described President Barack Obama as handling the economy negligently while the country approaches a “fiscal cliff.”
"Political gridlock threatens to plunge us back into recession, but instead of seeking bipartisan solutions, President Obama is passively allowing us to go over a fiscal cliff," Romney said. The White House Budget Office reported this week that a collection of tax increases and spending cuts holds in store harsh consequences for the economy.
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To illustrate his point, Romney suggested listeners consider the situation into which a young woman starting college today will find herself at graduation.
"If Barack Obama is president, she'll have fewer job opportunities. And if she's lucky enough to get a job, she'll face higher taxes to pay down our nation's staggering debt," Romney said. “If I'm elected, that young woman will enter an economy that's filled with good jobs. She'll keep more of the money she earns. And she'll be more confident in her future - and in the future of the country."
Romney charged that Obama has been "driving jobs overseas," citing the U.S.' declining share of worldwide manufacturing and China's emergence, including its gains made by taking advantage of U.S. businesses.
"According to a government study, China's theft of America's intellectual property has cost us more than 2 million jobs," Romney said. “And again, President Obama has failed to protect those rights. It's bad enough that he won't stand up for companies and workers that are cheated by China. What's even worse is that his policies are making America less competitive."
When the president has acted, he "has imposed major new federal regulations at an unprecedented rate."
In contrast, Romney said his plans would "strengthen our middle class ... result in bigger paychecks and 12 million new jobs in my first term."
Romney was off of the campaign trail on Saturday, but his running mate was campaigning in Florida and talking economics. Republican vice presidential nominee Paul Ryan called the Federal Reserve's recently announced economic stimulus "insidious."
As he opened the podcast, Romney paused to acknowledge the subject of headlines and Obama's weekly address earlier in the day.
"I want to begin by acknowledging and joining with you in mourning the death of four Americans who were killed in Libya this week," Romney said. "We hold their loved ones in our prayers and we keep them in our hearts and memories."
The two men had during the week exchanged jabs over Obama's handling of the Arab world unrest. But on Saturday, Obama remained at the White House without a public schedule, and Romney spent a portion of the afternoon at one of his grandson's soccer games in Massachusetts.
Obama is too passive? This is funny coming from a guy who said "let Detroit go bankrupt" and stayed silent when Republicans manufactured the debt ceiling crisis, which resulted in the automatic cuts in military spending that Republicans hate so much.
The President is currently focused on the most important issue which is winning this election. No worries America, once we vote out the House of Repugs, the Democrats will be able to focus on the economy and effectively address the financial cliff caused by repuglican filibustering and gridlock which has kept the recession going. Not to mention the refusal by repuglican CEOs to start hiring (even though they are currently swimming in money) all in the name of higher profits, lower taxes, and a bare minimum of regulations that they would achieve if their champion Romneyhood is elected. Now that's what I call insidious and unpatriotic.
Romney is trying to leverage American's death for political gain. Shameful. Can you believe anything this guy says? He will say or do anything to get into the White House.
Romney has no plan. He only attacks Obama.
Romney will say anything,do anything,play race card,supress voters,play birther game,censure fact checkers,use widows sorrow for politics;just to be called president.He should know the US election is on world stage.
To regulate or not to regulate; that is the question. For decades, American corporations (people in Mittspeak) have relentlessly been driving jobs overseas led by their prophet Profit to appease their god Money. Who has been giving American intellectual property and ingenuity away to China? Could it be the very same CEOs and corporate board members who backed Dubya and are now backing Romneyhood? Did they arrogantly think the Chinese wouldn't be smart enough to steal American processes, ideas, and inventions? Romneyhood criticizes President Obama for failing to protect American businesses from their own stupidity, then in the same breath whines about increasing federal regulations. The only means by which the President can legally stop outsourcing is to impose federal regulations against it MittDumbo. I and many others are not impressed by your flip-flop businessman background. It's time to really retire this man for good.
Obama is passive?
No Romney, The President thinks before he acts.
@ phil thomas. Well said. Release the tax return
This guy Romney is truly sickening. I mean, he is such a pansy. Got to be the most weakest, nerve recking candidate in history to date. He reminds me of the snitch lurking in the shadow pointing the finger at anyone and everyone who stands in his way of getting something he doesn't deserve.
Whose company helpled to outsource jobs to China, Mitt?? I worked for an auto supplier who spent 4 years with their key personnel working in China training the Chinese to do their work. Of course, the Americans were then given a severance package and tossed under the bus. The Republicans in Congress put the country in this position – they were unwilling to compromise. As a taxpayer with an effective 18 – 20% federal tax rate, I am willing to pay a little more to get this country back to where we should be. My generation, the Boomers, paid down the debt incurred during WWII, the Korean War, VIetnam, Desert Storm and by working hard, were able to provide our parents with Social Security and medicare in their old age. Congress needs to act like adults and get a real jobs program started. My father was in the CCC at 16, my city has some outstanding art work done under the government programs in the 30's, we have many experienced construction people looking for jobs and our intrastructure certainly needs fixing. IF that is what it takes, more Americorps in our schools, perhaps, on a more technology driven basis, then let's do it. I don't want to see our economy snapping back because MItt joins the old men who send our young to war.
Warmongering politicians surely have no sincere interest in lowering high unemployment. Why would they when it helps them "herd" our sons and daughters into the military to do the dirty work while the politicians and their sponsers get richer from the war? The more I learn about manipulations used to pull the wool over the eyes of the general public, the more frightened I am for the future of my children and grandchildren....
Where would these 12 million new jobs come from? Wishful thinking?
Has anyone actually seen Romney's plan?
Gridlock here is the result of the GOPs stated goal of opposing everything President Obama does or tries to do.
Republicans promised to create jobs if elected in 2010 to Congress. Where are those jobs? They have not submitted a single jobs bill to congress. They have submitted a large number of bills to oppose gay marriage, abortion and contraceptives. They have done nothing to help the middle class – because they do not care about people making less than they make.
Regulations help protect everyone from corporations that are not interested in anything other than profit. Corporations are NOT people. Let's just get to the bottom line: Mitt and the GOP want to have power so they can have even more money. If they could do this without hiring a single person they would do it.
This is pathetic.
I mocked out of presdient obama that he too lots lied talked other untied state amercian alright now
Kanas mo citying a wave angry blacklash a kanas man on friday withdrew a petition in which he arfued that presdient obama should be removed from the states election ballot because he. Didn't meet citzenship requrement the challenge filled this week by joe montgomery of manhattan kanas promped state election authorties to seek a certifield copy of mr obama birth certficated and regnied long running conspiary theroris that the presdient was not born in the untied states the state will continues to try to obbition the certifacte and offical will meet on monday as scheduddle to close the case officall but without the petion
Mr obama will remain on the ballot secarty of states kris kobach told the associated press .......
Look to your own party, Mitt, for the lack of leadership here. You know, or you should know, that compromise is the genius of the American system. So, how about it - when will the Republicans get that process started? Probably about as soon as Paul Ryan speaks honestly about his own role in the current situation. He and Eric Cantor are the two primarily responsible. Blaming the President always is easy, but your feckless, amateurish, pandering approach to political discourse does not qualify you to become president. You've lost my vote with your nonsense this week.
After 12 years of massive Bush2 tax cuts for the rich only MR, the GOP and GOTP fail to wonder where all the trickle down jobs are.
And, where was all of the legislation proposed by the GOP / GOTP majority that would have alleviated the issues he says Obama has failed to address? All the GOP / GOTP has done for the past 4 years is obstruct.
Hey Mitt Witt, talk to your running mate if you are looking for someone to really blame. Maybe he can explain it to you , since you are not capable of listening and understanding the language of the common man.
"Passive", said Mitt. " Because of something the republicans voted for. Why should republicans be trying to find a solution, that might only make Obama look good. So don't think we republicans are being passive, we're being obstructionist. We want the power back, even if it ruins the American economy. And just yesterday, I found a hair in my McDonald's burger. Obviously Obama's fault for being passive".
Really the republicans stopped obama's job plan? The plan he didn't have until the republicans took control of congress in his 3rd year as president. Why not have a plan when your side controls congress and the senate? Worked so hard to pass 'free' health care that barely passed among his own party. He obviously had no real plan or it would have been passed in year 1 or 2. You guys are joking right?
You guys do realize that our national debt has gone up more already under obama than bush over his whole 8 years? Oh ya bush's poor people affording expensive homes policy sent the economy spiraling downwards. Except that wasn't his policy his administration wanted to look into fannie and freddy over bogus mortgages but barney frank democrat head of banking commission said everything was fine and said if it wasn't federal gov would bail them out. Look up the video
There he goes again. The only "truth" that counts to Mr. Romney is what he can make others believe. If he wanted to pull Obama off the campaign he should have jawboned some Republicans to go to the President with a debt deal he could accept. Like the old 4 trillion dollar deal with a 10::1 revenue ratio, and Grover Norquist be damned. But of course that would have been suicide.
once again the romney puppet dances while the 1% rich donors pull his strings. If you can't keep your money in this country and you can't show us your tax returnes for fear we may find something to complaine about you have a problem. Honesty is a quality we should have in our president and vice president. If ryan lies about a small thing like is marathon time and both lie about the work requirements for welfare and mitt again about the apology to libya that says something as to character. Even the dog on top of the car for a 5 or 6 hour trip says something about judgement and concern for living things. In the middle of a foreign crisis both these men chose to belittle the president instead of standing behind him and our country. All this adds up . Forward.
As long as Obama wants to raise taxes he is going to be rejected. Anyone with half a brain knows rasing taxes is going to affect everyone. Right now it is high unemployment. After nearly 4 years Obama's record is clear. He has the high unemployment to prove it.
It is so sad that mister pitiful romney would sell his soul to sit in the oval office. Mitt has no solution,except talk untruth about the president.
Passive, aggressive, one way or the other we're going over the fiscal cliff. If Romney were a real patriot he'd share some of his very secretive ideas to save us now; or, does he really think he's going to win & then wait to save us from this calamity?
Romney says "Obama has been driving jobs overseas"...Is that anything like Romney outsoursing jobs for months and months to China?..... Romney and his Repub buddies have done nothing for the workers except complain while at least our president has put millions of people back to work.. Just think what could have been done if MCConnell and the Repubs had worked with the president from his inauguration instead of stonewalling any help of any kind!! What a difference it WOULD have made!!! Romney has NO complaint coming!!!!