Mitt Romney put out another ad in an attempt to describe what a Romney presidency would be like on day one. But the promises are empty—the policies outlined in “Day One, Part Two,” are contradicted by the actual policies he supports.
Here’s a breakdown of Romney’s ad and how his actual policies and record don’t add up to each claim he makes.
Deficit reductions: Romney says he’ll announce deficit reductions on day one to clamp down on “big government.” But Romney’s plan to needlessly increase defense spending, “kill” cost-saving health reform, and enact budget-busting tax cuts for corporations and the wealthy would explode the deficit by as much as $5 trillion. President Obama’s plan, in contrast, will responsibly reduce the deficit by more than $4 trillion over the next ten years, including $2 trillion in deficit reduction signed into law last year.
Stand up to China: Romney claims he’ll stand up to China on trade. But when President Obama imposed tariffs on Chinese tires to enforce trade agreements and protect U.S. manufacturing and workers from unfair Chinese trade practices, Romney said his actions were “decidedly bad for the nation and our workers,” calling it “protectionism.”
End “job-killing” regulations: Romney says he’ll get rid of regulations that stifle job creation, but only one candidate has a record of ending burdensome regulations and helping create jobs. President Obama initiated an overhaul to roll back more than 500 regulatory reforms from 26 agencies and approved fewer regulations through his first three years than President Bush did. Under President Obama, the private sector has added over 4.2 million private sector jobs in the last 26 months, but under Romney, Massachusetts was 47th out of 50 in job creation.
Romney has a record of twisting the facts. The reality is that his policies would jeopardize the economic security and well-being of the middle class, starting on day one.