SMRs and AMRs

Wednesday, February 08, 2012

As Massachusetts governor, Romney had an unremarkable record on jobs

By Jia Lynn Yang,
WashPost
Published: February 7

An overheated industry has gone bust. A tepid economy is not producing enough jobs. And a successful businessman promises he can use his private-sector experience to jump-start the economy.

This is presidential candidate Mitt Romney now, but it was also Romney nearly a decade ago when he ran for governor of Massachusetts, a state that was still reeling from the tech bubble’s burst.

A core argument of Romney’s presidential campaign is that he knows how to create jobs based on his career in finance. As governor, Romney faced his first test in applying his business background to a slow-growing economy — and data show that the results were unremarkable.

Massachusetts was one of just four states that by the time of the financial crisis still had not recovered all the jobs they had lost during the 2001 recession. And, as Romney’s opponents have pointed out, the state ranked 47th in job creation during his term.

(More here.)

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