1 99:59:59,999 --> 99:59:59,999 Romney: Yes Please 2 99:59:59,999 --> 99:59:59,999 Reporter: Since January 2001 Massachusetts has lost as many jobs as Ohio, 3 99:59:59,999 --> 99:59:59,999 a much larger state. 4 99:59:59,999 --> 99:59:59,999 With a record like that why would economically anxious Massachusetts residents 5 99:59:59,999 --> 99:59:59,999 vote for another four years? 6 99:59:59,999 --> 99:59:59,999 Romney: Uh - Pretty simply this. 7 99:59:59,999 --> 99:59:59,999 THe people of America recognize that the slowdown in jobs 8 99:59:59,999 --> 99:59:59,999 that occurred during the early years of the Bush Administration 9 99:59:59,999 --> 99:59:59,999 were the result of a perfect storm. 10 99:59:59,999 --> 99:59:59,999 And an effort by one candidate to say 11 99:59:59,999 --> 99:59:59,999 oh this recession and the slowdown in jobs was 12 99:59:59,999 --> 99:59:59,999 the result of somehow this president magically being elected 13 99:59:59,999 --> 99:59:59,999 - people in America just dismiss that as being poppycock and they recognize it as that. 14 99:59:59,999 --> 99:59:59,999 They recognize that September 11th 2001 had a very significant impact 15 99:59:59,999 --> 99:59:59,999 on our economy and on jobs in this economy. 16 99:59:59,999 --> 99:59:59,999 To pretend that is doesn't is just silliness. 17 99:59:59,999 --> 99:59:59,999 They also recognize that there is a 18 99:59:59,999 --> 99:59:59,999 [applause] 19 99:59:59,999 --> 99:59:59,999 that there was a cyclic recession the rebounded from the extravagance 20 99:59:59,999 --> 99:59:59,999 of the period that existed prior to that time, where we had irrational exuberance 21 99:59:59,999 --> 99:59:59,999 according to Alan Greenspan and we had a downturn. 22 99:59:59,999 --> 99:59:59,999 They also recognize that the internet bubble burst. 23 99:59:59,999 --> 99:59:59,999 These things came together to creating a perfect storm that meant a huge loss. 24 99:59:59,999 --> 99:59:59,999 Now the question then is what did the president do to restoke the economy? 25 99:59:59,999 --> 99:59:59,999 And he passed an across the board tax cut that affected families that had children, 26 99:59:59,999 --> 99:59:59,999 that affected working families, it affected people across our economy 27 99:59:59,999 --> 99:59:59,999 with the idea that this tax cut and his economic policy would rebuild our economy. 28 99:59:59,999 --> 99:59:59,999 And even as Europe and Asia still are in the doldrums 29 99:59:59,999 --> 99:59:59,999 Japan that is are still in the doldrums. 30 99:59:59,999 --> 99:59:59,999 The United States has come back and is regrowing and we're creating jobs. 31 99:59:59,999 --> 99:59:59,999 The last half of the last year was a very strong period of economic growth 32 99:59:59,999 --> 99:59:59,999 particularly the last quarter. 33 99:59:59,999 --> 99:59:59,999 And the first quarter looks like another strong period. 34 99:59:59,999 --> 99:59:59,999 Records housing starts, record home ownership, 35 99:59:59,999 --> 99:59:59,999 job creation the last month over 300,00 thousand people 36 99:59:59,999 --> 99:59:59,999 every indication is that the economic policies adopted and pursued by this president 37 99:59:59,999 --> 99:59:59,999 are creating jobs at a very high pace 38 99:59:59,999 --> 99:59:59,999 and so the people of America have to ask 39 99:59:59,999 --> 99:59:59,999 do you want to stay with a president who is rebuilding the economy, who is creating jobs 40 99:59:59,999 --> 99:59:59,999 or do you want to stop midstream and find someone new 41 99:59:59,999 --> 99:59:59,999 who said he is going to raise taxes. 42 99:59:59,999 --> 99:59:59,999 I believe that raising taxes can do nothing but slow down the economy. 43 99:59:59,999 --> 99:59:59,999 I don't know an economist in the world that says 44 99:59:59,999 --> 99:59:59,999 'No the right way to get an economy going is taking money away from the people.' 45 99:59:59,999 --> 99:59:59,999 No. The right way to get an economy going is to give incentives to people 46 99:59:59,999 --> 99:59:59,999 and to put money in their hands. 47 99:59:59,999 --> 99:59:59,999 And this is president [applause] 48 99:59:59,999 --> 99:59:59,999 this is a president who is doing that, who is creating jobs, 49 99:59:59,999 --> 99:59:59,999 overcoming one of the worst if you will convergences of an internet bubble burst 50 99:59:59,999 --> 99:59:59,999 of a terrorist attack and the cyclical down turn that we've seen. 51 99:59:59,999 --> 99:59:59,999