Some things Romney didnt say in his speech
Your editorial in Friday’s paper, “Romney opens a persuasive case,” reads as if it were written by somebody with the Republican National Committee. You and they apparently took the same creative writing course.
You apparently did not read The Associated Press’ “fact check” on Mitt Romney’s speech to the Republican National Convention.
According to that source, the 12 million jobs Romney promises to create if elected will mostly be created in the next four years no matter who is elected president, as projected by Moody Analytics.
Fact check: Respected economic analysts conclude that the national economy has improved since the recession began in December 2007, although not as fast as anyone would desire.
Romney says that his former company, Bain Capital, has created more than 100,000 jobs since the early 1990s. He also acknowledged that there had been some failures.
We have only to look in our own back yard for some of those.
Just up the road at Georgetown, the steel mill, owned by GS Industries, was acquired by Bain Capital in the mid-1990s. The company was bankrupted in 2001, causing hundreds of workers in South Carolina and Kansas to lose their jobs. But Bain Capital reported $30 million in profit on its acquisition.
Upstate in Gaffney, Bain Capital acquired Holson Burnes Group, Inc., a maker of photo albums.
Bain moved some plant operations north and eventually outsourced them overseas, and the small town of Gaffney lost about 150 jobs. A prospectus in 2004 indicated that the return on Bain Capital’s investment there was $33.8 million.
Romney did not mention those business successes in his speech. He did talk about Steel Dynamics, a Fort Wayne, Ind., company that Bain Capital invested in in 1994, and which has grown into the fifth largest carbon steel manufacturer in the country.
Romney did not mention that Steel Dynamics received state and local tax incentives, and that residents of the Fort Wayne area were levied a special tax on income to help pay for its establishment.
He also does not mention that he rescued the 2002 Winter Olympics with the help of more than $400 million in federal funds obtained through his personal lobbying of Congress, a record level of federal funding for an Olympic venue.
Romney and his vice presidential pick, Paul Ryan, waste no opportunity to condemn President Barack Obama’s stimulus programs, which objective economic analysts conclude have saved millions of jobs.
Ryan also does not mention that he sought and received millions of dollars of Obama stimulus funds for projects in his home state of Wisconsin.
Romney asserted that government has no role in creating jobs, in the same acceptance speech in which he promised that he, as president (of the U.S. government), would create jobs. Am I the only one who sees the contradiction there?
Thank goodness we have objective fact checkers at The Associated Press who try to keep our politicians more or less honest.
And they are objective — they fact-check President Obama and the Democrats as well.
They seem to have the idea that politicians might lie to us.
The problem is that only we politics junkies read the fact checks.
ROBERT P. STOCKTON