SunShine 2012/10/01 15:45:56

In 2002, Massachusetts' economy was rapidly deteriorating. It was ranked 50th, the second worst in the nation in its increase in unemployment. [1] Job losses were so great that although a dozen states were more populous, and California had over 5 times as many people [2], Massachusetts lost more jobs than anywhere else in the country:

“Massachusetts is number one in the nation in job losses, shedding 4.7 percent of all jobs over the last two years. The state has lost 71,000 manufacturing jobs, or 17 percent; 69,000, or nearly 14 percent, of all jobs in the professional and business services sector; and nearly 18 percent of all jobs in the information industry.”

Boston Globe - A little perspective - Apr 25, 2003

Debt was mounting in the state government as jobs were leaving the state at such an alarming rate.

“Antitax activist Barbara Anderson recalls leaving the following message on Romney's answering machine: ''I know you're really busy now with the Olympics, but when you're finished, please come back and save Massachusetts.''

“The state party's new chairwoman, Kerry Healey, discreetly flew to Salt Lake City to gauge his intentions. He was noncommittal.”

Boston Globe - Taking office, remaining and outsider - Jun 29, 2007

“A "Draft Mitt" campaign sprouted up in the state... Ann Romney had grown to love living in Utah. (Among other reasons, she'd been found to have multiple sclerosis a few years earlier, and horseback riding in the Utah mountains was therapeutic.) And they still bore the scars of the 1994 campaign. But the forces beckoning Romney to run were too strong to resist. Nearly everyone, it seemed, wanted him.”

The Atlantic - The Holy Cow! Candidate - Sep 2005

The economic situation was so grave, that after Romney decided to run, Tim Russert (from NBC) said:

“Let's go to a very, very important issue confronting this state. It's fiscal health. This is what someone on Beacon Hill said just the other day:

''A lot of people think this has been bad. This was the warm-up! This was just spring training. There's no glimmer of economic optimism or life or confidence out there. The next governor, whoever it is, is going to have to address this aggressively.''

“ — Speaker Thomas Finnernan...

“There's a $300 million shortfall. There is a $2 billion structural deficit confronting Massachusetts. The budget is $23 billion, 40% of which is off the table because of court mandates and laws that you must provide that kind of funding. With the remaining $12 billion, you have to find $2 billion...”

CSPAN - Massachusetts Gubernatorial Debate - Oct 29, 2002

Believe in America 2011

Full Economic Plan (88 pgs)
DAY 1 JOB 1:
- 5 bills for 1 day
- 5 Exec. Orders for 1 day
- 5 pg summary of plan

Believe in America Sep 2011

Economic/Jobs Plan
7 Point Plan Summary(download full plan on Kindle)
Intro to economic plan
Letter discussing plan
Foreword of plan by Columbia University Dean Glenn Hubbard
Obama's Failure (What happened and why)
Romney delivers plan: has over 50 policy proposals

Believe in America Nov 2011

Spending Plan
Fiscal Responsibility- Deficit and Entitlement Spending
Preview Speech- New Hampshire, Nov 3
Reforming Government & Medicare- Americans for Prosperity Speech, Nov 4
Paul Ryan has nothing but praise for Romney plan- Washington Post
Romney Editorial:
How I’ll Tackle Spending, Debt - Nov 3

Jim Cramer - TheStreet.com
Plays Hardball about Romney

Jim Cramer - Mad Money
Assesses Mitt Romney (1:33)

That was in October, but by December the Boston Globe reported it got even worse:

“ "It's the worst I've seen it. Going back to the post-war era, I've never seen such an acute and focused fiscal crisis and particularly for the state government," said Richard P. Nathan, director of the Nelson Rockefeller Institute of Government at the State University of New York-Albany...

“The estimated budget gap of $547 million in Massachusetts is among the largest in total dollars, according to the report by the National Conference of State Legislatures... Massachusetts officials have predicted that in the next fiscal year the shortfall will far exceed an earlier projection of $2 billion.”

The Boston Globe - Deficits studies say crisis is worst since WWII - Dec 5, 2002

It continued to worsen. By the time Mitt Romney took office as governor of Massachusetts, the upcoming state budget for that year would have a structural deficit of nearly $3 billion if the budget was not cut. [3] Furthermore, the existing budget passed the previous year, that would be in effect for several more months, had a projected total deficit of approximately $1.2 billion [4]. He inherited about a $650 million deficit in that budget by the time he took office. [5]

Governor Romney convinced the legislature to allow him to immediately make changes to the existing budget. He immediately slashed spending and balanced that budget. [6] He then balanced each of the four annual budgets he created. He was dealing with a veto-proof legislature that was 85% democrat, but he was able to 'hold the line on all the spending that the democrats up there wanted to do.' [7] The budgets he submitted, fought for and succeeded in obtaining not only were balanced each year, but provided a surplus of $700 million in 2004, [8] nearly $1 billion in 2005 [9a],[9b],[9c] and a surplus of $700 million in 2006. He balanced the budget every year without raising taxes. [10] By the end of his term, he had taken "Massachusetts from billions in deficit to billions in surplus". [11] He turned in a $2 billion rainy day fund at the end of his term in office. [12]

The unemployment rate in Massachusetts had doubled from January 2001 to January 2003, the year Romney took office, and was continuing to increase at a fast rate. He implemented pro-growth policies and programs. By summer the increase in unemployment had stopped and by fall unemployment was dropping. [13] While Massachusetts was 50th, or nearly the worst in the nation in the increase in unemployment rates the year that just ended when he took office, he got it down to 38th place by the end of his first year in office. [14] The unemployment rate continued to rapidly drop for nearly two years, hit a plateau for about a year and a half, then started dropping again at the end of his term of office (see chart below). The year he left office (2007), the trend in Massachusetts' unemployment rate was 12th in the nation [15], a big improvement from the 50th place it was in the year he won office.

Julian Robertson - Tiger Mgmt CEO
Assesses Romney - 0:30

“Mitt Romney has the right combination of private sector experience, conservative principles, and leadership to address the enormous challenges that the United States faces in the international economy,” said former Secretary of Commerce Carlos Gutierrez.

“His trade agenda is unique in its steadfast commitment to free trade coupled with a willingness to confront nations that betray principles of free enterprise to exploit our own open market. This approach is necessary to restore a pro-growth business environment that will create jobs.” MittRomney.com - Oct 13, 2011

“Half of the 36 economists who responded to the Dec. 14-20 AP survey rated Obama’s economic policies “fair.” And 13 called them “poor.” Just five of the economists gave the president “good” marks. None rated him as “excellent.” ...

“Asked which of the Republican presidential candidates would do the best job managing the economy, two thirds of the economists named Romney, one chose former House Speaker Newt Gingrich. The rest didn’t pick anyone at all.” Washington Post - Economists underwhelmed by Obama’s policies, pick Romney over his Republican rivals - Dec 28, 2011

Romney 2008

Record on Spending
Record on Taxes
More on Spending record


U.S. News — Romney Speaks!
My Chat with Mitt
U.S. News (Capital Commerce) — Why Mitt Romney Gets It
SPTimes.com — Mitt Romney: a change agent who can get things done

U.S. Bureau of Labor Statistics - Massachusetts
(retrieved November 2008)

While jobs were shrinking by the thousands each month in Massachusetts when he took office [16], by the time he left office, "the state had attracted hundreds of new companies and added [a net total of] 60,000 new jobs." [17] It takes time for pro-growth policies to effect the economy, but before the end of his first year in office the job losses had stopped, and in his remaining time in office 81,000 new jobs were created. [18] The people in the state benefited not only by increased employment and not having their taxes raised, but they also saw attempted and successful tax cuts by the governor.

He sought to lower the state income tax from 5.3% to 5.0% but was unable to get the legislature to agree. [19]

But he did succeed in lowering the total taxes paid to Massachusetts from an average of 7.33% of residents' income in 2003 when he entered office to 6.99% in 2007 when he left office and the year of his final budget. During that period, taxes paid to other states increased from an average of 2.6% of residents' income in 2003 to 2.9% in 2007, resulting in the total state and local tax burden on Massachusetts residents being 9.9% in 2007, the same rate as it was in 2003. During that same period, from 2003-2007, the average state and local tax burden in the U.S. increased from 9.6% of income to 9.8%. Governor Romney bucked the trend resulting in Massachusetts dropping from the 13th highest taxed state in the nation, to the 17th. [20][21]

Businessman Romney- how he differed in govt ways of spending

Romney on how he balanced the budget & used funds (2:44)

(double click for full screen)

This 7.33% to 6.99% tax drop is more incredible when one takes into account that those rates include local taxes which went up during that period, particularly after his first year in office when he cut spending (after which he focused more on tax cuts rather than more spending cuts).

In fact Governor Romney cut taxes 19 times. [22]

The following article points out many of his successful tax cuts:

“He cut capital gains taxes, benefiting well over 150,000 residents. Thousands more are currently benefiting from new jobs in the biotech field because of Romney's manufacturing tax relief and because he made the investment tax credit permanent. Thousands of Massachusetts families saved their hard-earned dollars when Romney enacted sales tax holidays. Seniors are benefiting from property tax relief proposed and signed into law by Romney. Our honorable veterans and National Guard members have several new tax breaks because of Romney's belief that they should be taxed less. Commuters can now deduct expenses for travel because Romney believes they shouldn't be penalized for helping increase commerce.”

Boston Globe - Romney is the kind of leader we need - Dec 14, 2007

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  • Charu ∞ijm♥∞ 2012/10/01 16:16:48
    Charu ∞ijm♥∞
    Excellent SunShine!
    I will share and I hope and pray
    that people will understand that
    Romney was able to work with
    both sides and not divide!

    Yes I will share this one :))

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  • Sister Jean 2012/10/27 15:51:11
    Sister Jean
    Mass. cannot stand Mitt....they will be Blue in Nov.
  • SunShine Sister ... 2012/10/27 17:48:30
    thank you for your wisdom
  • Steve Boston 2012/10/27 02:50:45
    Steve Boston
    When Romney came into office in Massachusetts he fixed what was broke. Period. We're currently a broken nation in more ways than one. It's time we put a qualified American patriot in office to fix us. He united people versus divided. We've had quite the opposite now for nearly four years. 2012 will = Quack Quack Barry. He's gotta go.
  • SunShine Steve B... 2012/10/27 14:02:26
    thanks for the comment.. agreed.. when obama came into office.. he broke whatever wasn't already broken..
  • Sister ... Steve B... 2012/10/28 00:53:24
    Sister Jean
    so why won't he carry Mass.?
  • Steve B... Sister ... 2012/10/28 01:12:30
    Steve Boston
    A "Mass" of liberals. Always has been always will be. I know it first hand. They did elect him to the highest state office though didn't they. Besides he doesn't need Mass to get our resident impostor evicted.
  • Azrael-In GOD we trust 2012/10/27 02:26:56
    Azrael-In GOD we trust
    He is definitely a good businessman and that is what we need running our country today.
  • SunShine Azrael-... 2012/10/27 02:30:22
  • Steve B... Azrael-... 2012/10/28 01:53:29
    Steve Boston
    He absolutely is. And we're still the biggest business on the planet in spite of Barry. But we'll NEVER last another four years with the empty chair in control. He's gotta go while we have a fighting chance.
  • Azrael-... Steve B... 2012/10/28 01:56:41
    Azrael-In GOD we trust
    I am praying he doesn't get a 2nd term. Horrible things have happened since 08.
  • SunShine Azrael-... 2012/10/28 02:03:08
    do you think it is not planned that obama is telling everyone to vote early.. like.. before the truth comes out about what happened and someone charges him with treason or some other serious charges???
  • Azrael-... SunShine 2012/10/28 02:50:22
    Azrael-In GOD we trust
    Of course.
    I cannot believe ANYONE who claims to be in their right mind would even consider voting BO in again after he let our ambassador and our other 3 guys be murdered. How can one justify a vote for someone like that?
    It is just beyond my comprehension.
  • SunShine Azrael-... 2012/10/28 03:35:22
    well I can believe some of those zombies will still vote for him.. they are way beyond help..I am certain there will be a lot of military and ex military that can see the writing on the wall and will not support him.. and others of course.. I want him held responsible for what has happened.. I would not care who it was in office.. they are the one that is responsible.. He cannot be allowed to get away with this..
  • Azrael-... SunShine 2012/10/28 17:53:52
    Azrael-In GOD we trust
    Can you just imagine the s--- that would hit the fan if Bush/any republican for that matter had been in office and would have a situation like this to happen?
  • SunShine Azrael-... 2012/10/28 23:36:01
    6 inch headlines in all the papers.. for sure..
  • Azrael-... SunShine 2012/10/28 23:39:11
    Azrael-In GOD we trust
    No doubt in my mind.
    Brian Terry's death and the 4 deaths in Benghazi are just too familiar a story plot.
    In either case, BO knew nothing. I say, "BS."
  • No nonsense NanC...don't BS... 2012/10/27 02:26:22
    No nonsense NanC...don't BS me!
    AND the most important bit of news in this is Gov. Romney worked with a legislature
    which was 87% Democrat. Can you imagine how much better off this country
    would be today if 0bama has the ability to work across the aisle with Republicans
    to get this country back on the right track. He didn't have to the first two years
    when he had a majority in both the House and Senate, and basically he only did
    0bamacare, which the majority if the people didn't want. The next two years he
    said "my way or the highway" and blamed the GOP for nothing getting done. A
    real leader wouldn't have done that. Romney has proven he is a real LEADER.
  • SunShine No nons... 2012/10/27 02:30:49
    yes that is something that is a huge advantage for any president.. to be able to work across the aisle..
  • No nons... SunShine 2012/10/27 02:45:44
    No nonsense NanC...don't BS me!
    And with the partisanship in DC now, it is big with voters.,
  • SunShine No nons... 2012/10/27 14:03:37
    personally I am tired of paying these yahoos for accomplishing nothing.. if they were in private business they would all be fired.
  • Steve B... SunShine 2012/10/28 02:09:34
    Steve Boston
    We're technically the "Business" owners aren't we. We the people will never muster the collective power to "fire them all". They rely on that.
  • SunShine Steve B... 2012/10/28 03:36:38
    well we got a start in 2010.. we need to continue..
  • wysiwis 2012/10/03 01:25:15
    A little something to p1$$ off the liberals.
  • memebev1 2012/10/02 18:15:26
    Romney is our only way out, please wake up Americans while we still have a chance.
  • J.L.Worley 2012/10/02 13:53:59
    I'd rather have Romney as president then Obama.
  • stevmackey 2012/10/02 10:51:55
    That is what we need. A president that knows what he is doing. That would be such a "change".
  • texasred 2012/10/02 09:42:00
    Good info, Sunshine!! Thank you!!
  • Drew~PWCM~JLA~ 2012/10/02 07:27:38
    I still see Romney as the flip side of the coin. I will vote for him only to get O out of the teniment of the White House but next election I WILL vote Libertarian. Libertarians are the ONLY Constitutional Conservatives.
  • Ledford 2012/10/02 04:08:32
  • SunShine Ledford 2012/10/02 05:50:57
    I have to disagree with you.. Romney was in a liberal state with a liberal congress.. of course he had to cater to the liberals to get something accomplished.. We must get obama out of the white house.. there is no libertarian that can win.. not sure why you folks keep preaching that.. I understand the principle but the facts remain that no libertarian would win. We can at least get obama out of the white house.. and then we have 4 years to decide if we want a 3rd party or find the right person for the job..
  • Ledford SunShine 2012/10/05 01:20:06 (edited)
  • SunShine Ledford 2012/10/05 05:40:23
    I am of the mind that Romney may well do some of that.. Glas Stegal would be very important and getting rid of ndaa as well..
    I feel a lot like you do in that normally I would not be voting for Romney..however, we MUST get obama out of the white house so we even have a chance to save this country.. he will do a good job on economics for sure.. in the meantime.. we have 4 years to start a new party or find the right guy to run.. either way.. at least by eliminating obama we will have a chance..
  • Hawkeye Ledford 2012/10/02 10:50:38
    A LOT of people want to demonize Romney for not being the most conservative person on the planet and I agree he isn't.. But NOT being the most conservative person is a FAR CRY from being the "Same" as the Most progressive Liberal ever to hold office..

    In the company of Rapists and Murderers,, even a common thief can look like a Saint..

    ROMNEY is NOT the destination.. He is ONLY the change in direction and a change in direction was ALL that would have been needed to save the Titanic from that iceberg...
  • SunShine Hawkeye 2012/10/05 05:40:42
  • Bolrog Hawkeye 2012/10/27 17:09:47
    Actually Wilson and Roosevelt, his protege, went much further in their liberal progressive agendas. a traitor to his class wilson dictatorship
  • Al C. Ledford 2012/10/27 10:53:08 (edited)
    Al C.
    Obama's whole life has been a lie and he's still lying!!!!!!!!!!!!

  • Ledford Al C. 2012/10/29 00:40:47
    And Romney is not the same, the only difference is it seems obama can keep his stories straight. Romney can't remember if he is for or against anything and it depends on who he is talking to. Both are worthless imo.
  • hatter 2012/10/02 03:14:58
    nice. you are the sunshine of mylife. its good to hear good news.
  • Gracie - Proud Conservative 2012/10/02 02:39:45
    Gracie - Proud Conservative
    The people that give Mitt Romney a hard time about some of the issues forget that he was in Massachusetts, not Texas! He's a true economist with business experience, Paul Ryan know Congress and how to get things done. They are what we need right now.
  • Ken 2012/10/02 01:51:29 (edited)
    Fix the economy first, by getting rid of Obama.

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