Romney hits Obama's economic record despite improving jobs numbers
January 6th, 2012
09:33 AM ET
8 years ago

Romney hits Obama's economic record despite improving jobs numbers

Conway, South Carolina (CNN) - Friday's announcement that the unemployment rate had dropped to 8.5% did little to deter Mitt Romney from savaging President Barack Obama's handling of the economy.

"This president doesn't understand how the economy works," Romney announced at a campaign rally in South Carolina, just after the new numbers were released. "It's time to get a president who does."

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The economy added 200,000 jobs in the month, the Labor Department reported Friday, doubling the number of jobs added in November.

The 8.5% unemployment rate is now the lowest it's been since February 2009.

Romney made no mention of the new jobs numbers, but said Obama has failed to live up to the promises he made during the early days of his administration.

"He has failed to put American back to work," Romney said. "Remember it was early in his administration, he said, 'Look if you let me borrow $787 billion, why I will be able to keep unemployment from going above 8%. Well, it went past 8%, and it hasn't been back since, three years later."

Romney, taking a break from the New Hampshire primary race, was appearing at the second of two rallies in South Carolina with Gov. Nikki Haley and Sen. John McCain, both of whom endorsed Romney.

The trio also campaigned in Charleston on Thursday.

As he eyes a win in the Jan. 21 primary, Romney is focusing much of his efforts on the South Carolina coast, where social issues like abortion and same-sex marriage are less important to Republicans than fiscal and military ones.

McCain, who won the South Carolina primary in 2008 on his way to the GOP nomination, predicted that Romney will win New Hampshire and then lock up the nomination here.

"He's going to win in New Hampshire and it's going to come down, my friends, as it always does, to South Carolina," McCain said. "If Mitt Romney wins here, he will be the next President of the United States."

Filed under: 2012 • Mitt Romney • President Obama • South Carolina
soundoff (76 Responses)
  1. Rudy NYC

    Four and The Door wrote:

    Obama's economic programs so far have had awful results, even based on his own promises.
    I know conservatives do not like facts, so I will delight in torturing you with some. First, we lost nearly 800,000 jobs the month Obama was sworn in, and a total of 3 million over his first few months. Facts that came to light AFTER the prediction was made in December. You cannot turn that large of a negative into a positive in a few months. The Stimulus slowed the rate of jobs loss. Beginning in the summer of 2009, the economy saw 18+ months of steady jobs growth, which brought that monthly jobs loss number from -800.000 to +200,000. That is an increase of one million on the monthly jobs growth number. The markets were hovering at 7000 and have recovered into the 12,000+ territory.

    January 6, 2012 01:13 pm at 1:13 pm |
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