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Is the true reality is that Romney’s tenure as governor of Massachusetts was an economic disaster for the state?

bob 2012/04/23 14:45:00
Tax rates on many corporations almost doubled because of legislation supported by Governor Romney.
Romney’s tax policies were not helpful for many small businesses…when Romney took many IRS subchapter S businesses in Massachusetts and almost doubled their tax rates, it was an important disincentive to investment, growth and job creation.
He then signed a bill to allow local governments to increase taxes on business property, tried to raise taxes on hotels but was stopped by the Democrat legislature!),
Governor Romney raised gas taxes two cents a gallon and also supported a federal gas tax hike. He also proposed an excise tax on SUVs and a new sales tax on all used cars.
Contrary to the Romney spin machine,  he didn’t “turn a $3 billion dollar deficit into a nearly $1 billion surplus.”  Rather, the deficit was $1.3 billion according to Factcheck.org, and he balanced the budget with mostly tax and fee increases with very f
Romney’s budgets were full of pork and he was infamous for lavishing money on staff salaries, incurring outlandish travel expenses, and granting pay hikes for state officials and lawmakers.
from 2001 to 2006, Governor Romney's Massachusetts ranked 49th in the nation in job creation…”
Governor Romney's Massachusetts, only state worse off was Louisiana, thanks to Hurricane Katrina.  There are 40,000 fewer people in the workforce than when Romney took over.
Romney not only became the first governor ever to implement  government controlled health care but his administration was also the first in the nation to implement a Cap and Trade program.  He was indeed an historic governor – for liberalism, that is.  An
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  • Reichstolz 2012/04/23 15:00:36
    None of the above
    Reichstolz
    +3
    "Romney presided over a series of spending cuts and increases in fees that eliminated an up to $1.5 billion deficit"

    "Romney cut spending and restructured state government"

    "Romney stated that Massachusetts finished fiscal 2004 with a $700 million surplus. Official state figures said that fiscal 2005 finished with a $594.4 million surplus. For fiscal 2006, the surplus was $720.9 million according to official figures. The state's "rainy day fund", more formally known as the Stabilization Fund, was replenished through government consolidation and reform. At the close of fiscal year 2006, the fund enjoyed a $2.155 billion balance."

    "In relative terms, however, Massachusetts added 51,362 jobs during Romney's tenure, while its population grew by 26,500 residents during that same period. Massachusetts therefore added two jobs for every resident gained."

    The state's unemployment rate fell during the same period, from 5.6 to 4.7 percent"

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  • Dave 2012/04/25 05:30:54
    All of the above
    Dave
    +1
    No surprise there. lol
  • Mike 2012/04/24 22:23:32
    Undecided
    Mike
    +1
    numbers can be manipulated to look both ways. the only thing we really need to see is who the corps are backing and I bet my bottom dollar they are backing R-MONEY.
  • Uranos7 2012/04/24 04:01:08
    None of the above
    Uranos7
    “You see, Romney made a Mittload of cash using what’s known as a leveraged buyout. He’d buy a company with ‘money borrowed against their assets, groomed them to be sold off and in the interim collect huge management fees.’ Once Mitt had control of the company, he’d cut frivolous spending like jobs, workers, employees, and jobs

    “Because Mitt Romney knows just how to trim the fat. He rescued businesses like Dade Behring, Stage Stories, American Pad and Paper, and GS Industries, then his company sold them for a profit of $578 million.

    Democrats think these are his negative assets. LOL
    But if you ask me trimming the fat, making government run on less money with more capital is just what the doctor ordered for our sick and obese government.
  • bob Uranos7 2012/04/24 16:25:15 (edited)
    bob
    didn't Dade Behring, Stage Stories, American Pad and Paper, and GS Industries go bankrupt and all the employees lost their jobs and pensions? So mittens stole the money and destroyed american companies and jobs
  • Uranos7 bob 2012/04/24 18:15:40
    Uranos7
    They were fine when he sold them. He had no control over what happened after that.
    Blaming him for that is like someone sueing you for a car crash by a car you had already sold to someone else.
  • bob Uranos7 2012/04/26 13:58:09
    bob
    saddled with debt and loans they could not pay off. you got you white underwear on to tight.
  • Uranos7 bob 2012/04/26 14:06:01
    Uranos7
    Strange the first company he helped start is doing great 'Staples':
    Staples
  • EdVenture 2012/04/24 03:54:50
    from 2001 to 2006, Governor Romney's Massachusetts ranked 49th in the nation ...
    EdVenture
    Contrary to the Romney spin machine, he didn’t “turn a $3 billion dollar deficit into a nearly $1 billion surplus.” Rather, the deficit was $1.3 billion according to Factcheck.org, and he balanced the budget with mostly tax and fee increases with very few spending cuts. As documented by the Massachusetts Taxpayer Foundation, Romney “proposed four budgets while in office…each budget increased spending over the previous year.” As Club for Growth echoed, Romney’s last budget “was a whopping 10.12% larger than the preceding fiscal year.” Out of the 25 freshmen Republican Governors rated by the Cato Institute on fiscal issues, Romney had the 2nd worst score.
  • Charles R. Anderson 2012/04/24 02:53:52
    None of the above
    Charles R. Anderson
    +1
    Romney was Governor from 2003 to 2007, not from 2001 to 2006 as implied above. Both houses of the state legislature were heavily Democrat and they overrode his attempts to cut 250 spending items with vetoes. MA was 47th is job creation when he was governor, but part of that was because unemployment in MA was low. It was 4.7% at the end of his term. In any case, if job creation is good, than the state legislature should have been on board helping him to create jobs with tax cuts made possible by spending cuts. Romney was required to balance the budget, but the Democrat legislature would only allow minor cuts in spending. One of the cuts was to give less state money to local governments, so they had to have a means to increase local taxes in some cases. The state had to allow them this possibility.

    It is crazy that so many people assume the President or a Governor has complete control, when in reality, the laws, regulations, taxes, and spending in a state or the federal government are really decided by the legislature and the executive is charged with managing according to them.
  • relic 2012/04/23 22:24:50
    None of the above
    relic
    Everything except the Governor's office was controlled by democrats. Romney signed a lot of their legislation to get along with them. He should have shown backbone and vetoed most of it.
  • Cut and paste king 2012/04/23 19:55:16
    None of the above
    Cut and paste king
    +1
    mitt romney used Massachusetts as a foot to get in the white house his overall job was fair/ to good. mitt romneys cayuman island
  • Cut and... Cut and... 2012/04/23 20:00:33
  • J.W. Howler 2012/04/23 19:36:32
    Undecided
    J.W. Howler
    +1
    Could be, but probably not as true as the reality of Obama's POTUS "tenure" accelerating an economic disaster for the nation which would include 49 MORE states -- 57 if Obama is counting.
  • bob J.W. Ho... 2012/04/23 21:47:04
    bob
    oh my god it's another fake GOP OutRage
  • J.W. Ho... bob 2012/04/23 22:15:03
    J.W. Howler
    +1
    Goes well with a fake left-wing, pseudo-Dem, Progressive "president" called Barack Obama.
  • concerned dude 2012/04/23 19:24:01
    Undecided
    concerned dude
    +1
    Romney is a liberal politician. But he has more experience as a leader, a legislator and a manager than our current failure as President. He's not my favorite by a long shot but he is much more qualified to lead than Obama. We need some hope and change based on the record of our current president.
  • BigFig#9 2012/04/23 17:32:26
    All of the above
    BigFig#9
    +1
    But remember - Romney is the poseable Gumby Etch a Sketch guy so were he to become president anything could happen...
  • Kane Fernau 2012/04/23 16:50:49
    None of the above
    Kane Fernau
    +1
    Stories like this keep surfacing democrats will vote for Romney
  • bob Kane Fe... 2012/04/23 19:17:39
    bob
    oh my god
  • Rebel Yell 2012/04/23 16:18:22
    All of the above
    Rebel Yell
    +1
    Here is a typical Romney response, and always in that passive voice. Bloomberg’s Julianna Goldman asked this question ....Governor Romney, it’s 2013, and the global financial system is on the brink. What would you do differently than what President Bush, Henry Paulson, and Ben Bernanke did in 2008?

    Romney...."No one likes the idea of a Wall Street bailout. I certainly don’t.” Now, wasn't that a resounding commitment full of ideas? No one likes a root canal, but sometimes one is necessary. He then added that it’s a “terrible idea” to “protect the shareholders.” But shareholders weren’t the force behind the 2008 bailouts. Bondholders and derivatives counter-parties were.

    Romney said further that “action had to be taken” in 2008, but when asked, “Were there some institutions that should not have been bailed out?" Romney answered, " Absolutely.” The institutions he mentioned by name, though, were auto companies, not, financial firms.

    The man doesnt have any idea what went down in 2008. NONE ! He is freaking clueless!
  • Rich Ma... Rebel Yell 2012/04/23 17:23:34
    Rich Matarese
    Hm. On the subject of the "global financial system," the other guy in the Red Faction nomination race said:

    "Prices are going up. Unemployment is continuing to go up. And we have not had the necessary correction for the financial bubble created by our Federal Reserve System."

    -- Ron Paul

    Sure, a bit of passive voice. But there's also that "we" lacking from the Etch-a-Sketch's weaseling as he distances himself (and his bankster buddies) from the application of the proper solution.

    The "global financial system" people claim that they make the big moolah because they take the big risks, right?

    So how come the professional politicians don't let that "risk" come crashing down - where it belongs - on the guys who made all the money when things when they decided to take on all that "risk"?

    Hey, I don't mind 'em doing their "fly with the eagles" bit.

    I just want to see them get sucked into a jet engine when the air currents waft 'em up to altitude.
  • jo 2012/04/23 15:57:04
    Undecided
    jo
    your question was worded incorrectly...
  • mac9 2012/04/23 15:13:10
    None of the above
    mac9
    Unite to defeat Obama 2012!
  • bob mac9 2012/04/23 16:02:00
    bob
    +1
    Just get a look at this Fake GOP OutRage
  • Rich Ma... bob 2012/04/23 17:06:45
    Rich Matarese
    As always, bob, I call copypasta.

    Shove your head back up your ass, schmucklet. Your ears are getting cold.
  • Rich Matarese 2012/04/23 15:11:14
    All of the above
    Rich Matarese
    +1
    bob, you stupid putz, is it possible for you to yank your head out of your ass long enough to learn to write a grammatically correct sentence?

    As for Willard Mittney, permit me to quote a recent article by L. Neil Smith (see http://www.ncc-1776.org/tle20... ):

    "Mitt hates, loathes, and despises your individual right to own and carry weapons. (He has a D-minus rating from Gun Owners of America.) He has Secret Service protection already, but he did his damnedest to keep Massachusetts Bill-of-Rights-free for years. Everybody is aware by now that he is an original architect of medical Marxism. And if that's not enough, he's said he'd have signed the NDAA. In the end, exactly like Obama, he will deliver the United States and all its assets into the genocidal hands of the United Nations.

    "It's clear — to me, at least — that if Mitt Romney gets elected instead of Obama, it will make no more historical difference than electing his father or any of his old man's friends would have back in 1964.

    "Politically, all Romney is, is an Obama clone."
  • Reichstolz 2012/04/23 15:00:36
    None of the above
    Reichstolz
    +3
    "Romney presided over a series of spending cuts and increases in fees that eliminated an up to $1.5 billion deficit"

    "Romney cut spending and restructured state government"

    "Romney stated that Massachusetts finished fiscal 2004 with a $700 million surplus. Official state figures said that fiscal 2005 finished with a $594.4 million surplus. For fiscal 2006, the surplus was $720.9 million according to official figures. The state's "rainy day fund", more formally known as the Stabilization Fund, was replenished through government consolidation and reform. At the close of fiscal year 2006, the fund enjoyed a $2.155 billion balance."

    "In relative terms, however, Massachusetts added 51,362 jobs during Romney's tenure, while its population grew by 26,500 residents during that same period. Massachusetts therefore added two jobs for every resident gained."

    The state's unemployment rate fell during the same period, from 5.6 to 4.7 percent"
  • bob Reichstolz 2012/04/23 15:03:45
  • Reichstolz bob 2012/04/23 16:03:46
    Reichstolz
    Nice piece, I never claimed Romney was a conservative. We have not had a conservative in office since the 1920's. Yes when you look at his record as a conservative he performs as a republican. But while he did raise taxes(like Reagan) he did what most republicans fail to do which is cut spending.
  • voice_matters 2012/04/23 15:00:03
    None of the above
    voice_matters
    seeing he signed into law every bill passed by the lib legislature i can see how that is true. also shows why we can not allow him in the white house. if the libs retake congress they will do all they can to destroy the american middle class.
  • AM 2012/04/23 14:59:50
    None of the above
    AM
    +3
    When Republican Mitt Romney was inaugurated as governor of Massachusetts they had a deficit.After 4 short years not only were they in the black but he left them with a surplus.They elected a Democrat next and no surprise back in the red in deep fiscal trouble. Romney for president
  • painted... AM 2012/04/23 15:12:50
  • AM painted... 2012/04/23 15:34:36
    AM
    +1
    Calling that opinion based factually devoid article "The truth" comical1st Steve Baldwin really ? Calling him a journalist is the furthest thing from what journalism truly is defined as.Secondly If you were intelligent,enlightened being seeking "The truth" you'd follow governments and the money NOT the media.
  • painted... AM 2012/04/24 03:40:25
    painted desert
    Romney is a pander! He will say or do whatever to whoever. Flip Flop should be his name.He is a great used car salesman. Better yet a chameleon. He doesn't give a damn about anyone but himself, and the uber wealthy. I guess you would be safe if you are rubbing elbows with him. Otherwise we are screwed.
  • AM painted... 2012/04/24 08:54:37
    AM
    Again not one fact...how very foolish
  • painted... AM 2012/04/25 02:46:15
    painted desert
    Oh how blind. Are you kidding?
  • AM painted... 2012/04/25 09:41:32
    AM
    Blind? No,Far from it I research read the statements in there entirety.And would never base my vote on selective sound bites .That's for idiots
  • painted... AM 2012/04/26 04:48:43
    painted desert
    Yeah well be my guest to vote for that pander, and they you will have to live it. LOL!
  • AM painted... 2012/04/26 08:29:58
    AM
    Nothing could be worse than the idiot currently occupying the white house.
  • painted... AM 2012/04/26 14:52:37
    painted desert
    LOL! Oh Yes it could!

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