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September 4, 2012 / needhamgrassroots

Romney: “Of course we’re better off”

Romney On Whether We’re Better Off: ‘Of Course It’s Getting Better’

INGRAHAM: You’ve also noted that there are signs of improvement on the horizon in the economy.[…]

ROMNEY: Well, of course it’s [the economy’s] getting better. The economy always gets better after a recession, there is always a recovery. […]

INGRAHAM: Isn’t it a hard argument to make if you’re saying, like, OK, he inherited this recession, he took a bunch of steps to try to turn the economy around, and now, we’re seeing more jobs, but vote against him anyway? Isn’t that a hard argument to make? Is that a stark enough contrast?

ROMNEY: Have you got a better one, Laura? It just happens to be the truth.

When President Obama took office, the economy was shedding 800,000 jobs per month and contracting at a rate of 8.9 percent. As Time’s Michael Grunwald noted, at that pace, “we would have shed the entire Canadian economy in 2009.” Literally four years ago, in September 2008, the U.S. was gripped by financial panic. Investment banks were failing, mortgage giants Fannie Mae and Freddie Mac were placed into conservatorship, and the groundwork was being laid for the Bush administration’s $700 billion bailout of the financial system.

Now, a slow recovery has taken hold, which is undoubtedly an improvement. And not that long ago, Romney himself was willing to concede as much.

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Read more: Romney On Whether We’re Better Off: ‘Of Course It’s Getting Better’

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