Romney said Friday's report that only 80,000 jobs were created in June is evidence that Obama's tax, energy and regulatory policies are hampering growth.
Romney said he would lower taxes, reduce regulations on energy producers, open new trade with Latin America and crack down on China for what he described as unfair practices that steal American jobs.
He said the nation's 8.2 percent unemployment rate doesn't reflect the number of Americans who are underemployed or have quit looking for work.
Capitalizing on an Obama vulnerability -- public disapproval of the president's handling of the economy -- Romney portrays himself as the change agent with the business background for the demands of the day.
He is promising to create 12 million jobs over four years, a pace that would demand nearly 90,000 more jobs every month than were created in July.
For instance, if you take the numbers from January 2003 to January 2007 -- Romney’s first and last months in office -- you find a drop of 1.2 percentage points nationally (from 5.8 percent to 4.6 percent) and 1.0 points in Massachusetts (from 5.6 percent to 4.6 percent).
In other words, when all is said and done, the unemployment trend in Romney-era Massachusetts wasn’t all that much different from that of the nation as a whole.
Romney also claims to have created more than 100,000 jobs as a business consultant.
Fehrnstrom says the 100,000 figure stems from the growth in jobs from three companies that Romney helped to start or grow while at Bain Capital: Staples (a gain of 89,000 jobs), The Sports Authority (15,000 jobs), and Domino’s (7,900 jobs).
This tally obviously does not include job losses from other companies with which Bain Capital was involved — and are based on current employment figures, not the period when Romney worked at Bain.
The Romney campaign provided a link to Bureau of Labor Statistics data showing that during Romney’s four-year term as Massachusetts governor, the number of jobs went up 61,000.
Romney’s own tax plan calls for extending the cuts first enacted by Republican President George W. Bush for all income earners, and dropping all tax rates further, by 20 percent. Romney also announced an economic plan this week that he said would create 12 million U.S. jobs in four years.
Democrats think it's "a bad thing" when corporations are profitable, said former Massachusetts Gov. Mitt Romney, the persistent front-runner in the race. And part of the reason for that misconception is that so many Americans don't know what profits do, he said.
"Profit is what is left over after (expenses, salaries and bonuses) have all been paid. What happens with profit is that you can grow the business. You can expand it. You have working capital and you hire people. The right thing for America is to have profitable enterprises that can hire people," he said.
There's no question but to investment in infrastructure makes enormous sense for our country. It's good for business. It's good for the economy.
And as the governor that watched the completion -- well, almost the completion of the big dig, I think that was -- I don't know how many governors watched that $15 billion project, they do create a lot of good jobs and they help our economy. They're great things.
We can also count the vast expansion of costly and cumbersome regulation of sectors of the economy, ranging from energy to finance to health care. When the price of doing business in America rises, it does not come as a surprise that entrepreneurs and enterprises cut back, let employees go, and delay hiring.
Restoring clarity and predictability are essential for igniting hiring and investment. Yet in so many areas, from tax rates to energy policy to labor regulation to trade, the Obama administration has only added to the lack of clarity and the uncertainty. The most dramatic illustration came midsummer, when the absence of presidential leadership brought the country to the precipice of default. Uncertainty is the enemy of growth, investment, and hiring. Unfortunately, uncertainty has been the hallmark of the Obama administration.