Saturday, July 14, 2012

Pres. Candidate Lies...But Which One?

Either Pres. Obama is lying about Mitt Romney outsourcing jobs at Bain Capital, or Mr. Romney is lying about staying on at Bain past 1999.  Or they could both be lying about different aspects of the same thing.  What's a voter to do?  Focus on the facts that are not in dispute:
1.  Mitt Romney was CEO of Bain Capital.
2.  Mr. Romney has made his business career a part of his reasoning as to why he would make a better President than Pres. Obama (see the last paragraph of the bio on his website).
3.  According to his 2010 tax return,which his website has made available online, Mitt Romney earned $21,661,344 in 2010.
4.  The median income for US households in 2010 is $49,445, according to this chart.
5.  Pres. Obama has presided over unemployment figures that started at 7.8% in January 2009 and are at 8.2% as of June 2012 (the latest figures available).
6.  Pres. Obama has made private sector job growth a measure of his success as a President (see the chart toward the middle on the right of the webpage).

My opinion on this debate is that it hurts both Mitt Romney and Pres. Obama.  Mitt Romney is having to defend his record as a private equity CEO, which is supposed to be a strength of his campaign.  Pres. Obama is trying to "Swift Boat" Mitt Romney by turning a strength into a weakness.  But in so doing, he is setting up comparisons that are not favorable to his campaign, either.  Pres. Obama's weakness is his jobs record, measured in terms of unemployment figures.  It's not clear what his strengths are in this debate.

Making money is not a sin.  If Mitt Romney made money by outsourcing jobs, which is in dispute, that's different.  But the attacks from Obama's campaign sound to me like they are stretching the truth of how much outsourcing really happened as a result of Romney's leadership, and they are starting to sound more like ad hominem attacks than a reasoned argument.  Of course, blaming the President for all the unemployment out there could also be called an ad hominem attack, since Pres. Obama's policies have little direct correlation with the unemployment numbers.  It's more a perception than a fact that Pres. Obama hasn't done enough to create jobs.  In some campaigns, perception is more important than fact, and this is one race that seems to be shaping up that way.

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