Say what you will about Bill Clinton, the guy knows how to balance a budget (with some Republican help, of course). The former President is also known for his candor on many hot political issues, and while he may be misguided in some areas (campaigning to no avail against Scott Walker, for example), he’s right about a lot of things when it comes to money.
So leave it to Bill Clinton to publicly embarrass Team Obama during a critical election cycle by taking up arms against their fake “Romney the Raider” character. While liberals have already tried literally making up stories about Romney in the past, the President’s attempt to caricature a superior candidate as a heartless Bernie Madoff represent another type of “fact distortion.”
The truth is, while Romney was at Bain, the company reorganized and restructured companies in order to create at least 100,000 jobs. That’s including 89,000 from Staples (ever heard of them?) and 15,000 from The Sports Authority – jobs which those companies would have been unable to create if Bain Capital hadn’t come in to clean things up. More than 70% of the companies Bain invested in grew (that is, created jobs), and Romney was the director of those investments. In other words, Bill Clinton was right when he said that Romney’s record there was “sterling.”
Our current President, on the other hand, had created no net jobs in the private sector before he was elected. He had never ran a business on a budget. So it’s not a surprise that he’s created no net jobs as president (unemployment was at 7.8% when he took office and just ticked up to 8.2% yesterday) and that he’s ballooned the national debt to $15.8 trillion.
Maybe Obama should stop criticizing Romney for his record, and start looking at his own.