DNC - Fact Check on Mitt Romney's new video and job creation record

Mitt Romney’s video released this morning omits certain inconvenient facts for a candidate struggling to pose himself as a job creator. Mitt Romney’s fortune was built on the backs of workers whose jobs he eliminated when his company acquired and closed their companies to turn a profit – putting thousands out of work. As Governor of Massachusetts, Romney’s job creation record put him near the bottom rung. In Romney’s four years as governor, Massachusetts ranked 47th out of 50 in job growth.

Under President Obama, an economy losing more than 700,000 jobs each month in the beginning of 2009 is now growing. The economy has added 2.1 million private sector jobs over 15 months, including 800,000 this year.

ROMNEY RHETORIC: Romney’s campaign web video: “Millions Have Lost Their Jobs Under President Obama”

REALITY: ROMNEY’S PRIVATE SECTOR CAREER CONSISTED OF PROFITING OFF OF LAYING OFF THOUSANDS OF WORKERS

Romney’s Fortune “Was Made On The Backs Of Companies That Ultimately Collapsed, Putting Thousands of Ordinary Americans Out On The Street.” [New York Post, 2/19/11]

Romney-Led Bain Capital Closed US Factories, Caused Hundreds Of Layoffs And “Pocketed Huge Fees Shortly Before The Companies Collapsed.” [Los Angeles Times, 12/6/07]

Romney’s Tenure at Bain “Resulted in the Loss of Thousands of Jobs Through Layoffs And Bankruptcies.” [CNN.com, 1/30/08]

Former Bain Partners: Romney Had Chances To Fight To Save Jobs But Didn’t.  [Boston Globe, 1/27/08]

REALITY: ROMNEY’S JOB CREATION RECORD IN MASSACHUSETTS WAS ONE OF THE WORST IN THE COUNTRY

During Romney’s Tenure as Governor, Massachusetts’ Economic Performance Was “One Of The Worst In The Country” On “All Key Labor Market Measures.”  [Boston Globe, 7/29/07]

Factcheck.org: “Romney’s Jobs Record Provides Little To Boast About.” [Factcheck.org, 1/11/08]

In Romney’s Four Years As Governor Massachusetts Ranked 47th Out Of 50 In Jobs Growth. [Marketwatch, 2/23/10]

REALITY: THE ECONOMY HAS ADDED 2.1 MILLION PRIVATE SECTOR JOBS OVER THE LAST 15 MONTHS, INCLUDING MORE THAN 800,000 JOBS SINCE THE BEGINNING OF THE YEAR

MAY 2011: Private Sector Payrolls Increased By 83,000 In May And Has Added More Than 2.1 Million Jobs Over The Past 15 Months.  [WH Council of Economic Advisers blog, 6/3/11]