Examining Mitt Romney’s Massachusetts Record Is the Next Step in Highlighting the Costs of Romney Economics
After more than two weeks of highlighting the private-sector costs of Romney Economics, we’re continuing the discussion by examining what happened when Romney brought his economic philosophy and values to government as Massachusetts governor.
Romney Economics isn’t about creating jobs or helping the middle class. It’s about two sets of rules, one for those at the top and another for everyone else.
- As a corporate-buyout specialist, Romney bought and bankrupted companies, destroying jobs while he and his investors quickly maximized the return on their investments. There was one set of rules for Romney and his investors, and another for the workers whose jobs, pensions and benefits were put at risk.
- As governor of Massachusetts, Romney did the same thing, slashing middle-class investments and letting the state’s economy sputter while pushing through a tax cut that benefitted the wealthy.
Broken Promises: Romney Economics promised Massachusetts more jobs, less debt and smaller government, and the economic conditions were primed for Romney to keep his promises. But once Romney took office, he broke every single one of those promises.
- Jobs: Under Romney, Massachusetts plummeted to 47th out of 50 in job creation.
- Debt: Romney left his successor with a billion-dollar deficit, and Massachusetts taxpayers were left with more debt per person than any other state.
- Government: On Romney’s watch, Massachusetts government jobs grew at six times the rate of private-sector jobs.