Mitt Romney Says Barack Obama Has Gave Up and ‘Admitted Defeat’ on the Economy


File this one under, if the truth hurts …

Mitt Romney has accused President Barack Obama what many have thought for months … Obama has given up trying to fix the economy and “admitted defeat”. What else can you call what Obama has dome lately? The Presidents plan to stimulate the economy was an EPIC FAILURE. Obama’s payoff the “green energy” companies was an EPIC FAILURE. Obama’s job growth plan has been an EPIC FAILURE   As stated by the American Thinker, “President Obama has failed miserably in trying to “stimulate” the economy by pouring hundreds of billions of dollars in “investments” for green energy, infrastructure projects, and other temporary measures that have done nothing except drive up the deficit.”

Now with the Presidential election mere months away Barack Obama has basically given up and gone into full campaign mode, not that he has ever stopped doing so since he was elected in 2008. Obama has failed  and as The One said in the past he had 4 years to fix  the economy. If he did not, Obama would be a one term President. He has not even come close and his policies and agenda have made matters worse, not better.

Republican presidential candidate Mitt Romney accused President Obama on Saturday of giving up on trying to fix the economy, saying he had “admitted defeat.”

In his weekly podcast, Romney pounced on a recent government report, which found that the unemployment rate rose in 44 states last month.

He accused Obama of blaming the “stalemate in Washington” instead of working to boost job creation.

“With millions of Americans hurting like never before, the President has admitted defeat. With five months to go before his term his up, he’s saying he won’t even try anymore,” Romney claimed.

The presumptive Republican nominee for president argued that he has the executive experience necessary to turn the economy around.

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  • Comments

    18 Responses to “Mitt Romney Says Barack Obama Has Gave Up and ‘Admitted Defeat’ on the Economy”

    1. Steve Holloway on August 26th, 2012 10:19 pm

      Spot on article.

      To all the nay Sayers that defended “O” . I TOLD YOU SO. I told you he would hurt America. This is what your guy has done… NO jobs, NO morals, money to failed green companies which were pay offs, give always of islands that have oil, muslim enemies in the white house, anti American’s,dividing America, bowing down to our enemies, NO way we vote to give him a second term….

    2. RK on August 26th, 2012 10:46 pm

      Romney: “I have the executive experience necessary to turn the economy around. Or at least sell off the desirable parts and turn a handsome profit for me and my investors.”
      SM: Who would you have turn the economy around, a CEO with past experience or Bob from the mail room who was just hired and no job experience? Nuff said.

    3. RK on August 26th, 2012 10:48 pm

      Go get’em, tail-gunner Steve!!!

    4. Buster on August 27th, 2012 10:13 am

      Could you imagine a President with absolutely NO experience at all ??? Doh !!!

    5. A Texas Grandfather on August 27th, 2012 4:18 pm

      Please delete the word “Gave” and replace it with Given or just delete the word “has” in the headline. I am pretty sure that Romney would not say it like that.

      Obama has been handed success by the efforts of others all of his life. Bob the mailroom clerk fits him to a “T”.

      He and Michelle are the poster children for what happens with Affirmative Action.

    6. RK on August 27th, 2012 6:51 pm

      Just because you think Bob is bad doesn’t make the CEO (who accumulates wealth, not build jobs) a good choice.

      Where is the lavished praise for Romney and acceptance of his record. Does it please anyone that his actual campaign has used bald-faced lies? What about Romney? Why not stand up for his record (health care, using Gov Millions to save the Olympics, destroyed companies, and so forth).

      BTW, the President can’t issue an executive order to fix the economy, it also takes the Congress to play their role, and we all know they were not players in getting anything done for the past 4 years (living up to their explicitly spoken plan to sink Obama). Where is the outrage for the abandonment of Americans by their duly elected representatives in this critical time of need?
      SM: I am going to go out on a limb and say you have never run, nor have you owned a business. I have done both and trust me, you have no idea what it takes to run one, manage one or turn one around. I find it comical that anyone would say that a man, whose job it was to save companies and turn them around to be productive, would be called out for not being capable. If you bother to actually listen to what Romney did while at Bain Capital during the RNC, you will hear it, without the filters on the liberal, bias MSM.

      You said …

      “BTW, the President can’t issue an executive order to fix the economy, it also takes the Congress to play their role, and we all know they were not players in getting anything done for the past 4 years (living up to their explicitly spoken plan to sink Obama)”

      I guess you missed the first two years on Obama’s presidency when he had control of the House and a filibuster proof Senate. What did he do then regarding the economy? NOTHING!!! He passed Obamacare and had to pay off senators in order to do it. And a $787 billion stimulus that was a total failure.

      You best go back and take a history lesson of the Obama years.

      America was so sick and tired of Obama and the Democrats that they came out in force and gave the Democrats a shellacking in the 2010 midterms.

      Obama Calls the 2010 Midterm Results “a Shellacking for Democrats”

      I guess you forgot that little thing as well. The GOP took back the House, nearly the Senate, won scored of Governorships and took back state legislatures the like that had never been seen.

      Republicans Picked Up 680 Seats in State Legislatures in 2010 Elections … Redistricting Could Echo a Decade

    7. RK on August 27th, 2012 10:09 pm

      I don’t know why Romney can seem to do no wrong. He’s a liar; can you explain if this is what you want? How can you believe him when he is a proven liar? When does he tell the truth, and when not?

      He has destroyed companies, while always profiting for himself and Bain. How does that make him a good candidate? What tricks has he pulled and hidden that might concern voters? Doesn’t this aspect of his record concern anyone?

      He built Health Care for MA. The ACA is identical and very similar in many very significant ways to the MA law. If ACA is so bad, where is the understanding that he built one just like it? His denial they are so alike is one more lie; the features prove that.

      His political career has been one of voter pandering, from his “more liberal than Kennedy”, his personal and profound “pro-choice” position, his constant position changes on issues (huge serial flip-flopper (check google)) and more. He will always say what the voter needs to hear; huge disrespect for them and lacking sincerity.

      I know its easy to find Obama stories, or beliefs, that make him an easy target. But at some point, voters will have to accept Romney, warts and all, for what he is. I have to believe these types of problems are worth being serious; not pretending or avoiding reality.

      Does Romney deserve a pass? If your answer is all about Obama, then I don’t see any value in repeating what’s already been said. Have at it if you will, but please understand; that type of “reply” is not a “response” to my comment and the topics I’ve raised.
      SM: As I have previously said, you have zero idea how business works. I can tell from your comments that you have never run, owned or tried to turn around a business. Guess what, not all succeed. Having done consulting that is a fact in the industry. Not all business can be saved. However, having turned businsess around myself and having made many grow, which means creating jobs and yes … heaven forbid making owners $’s … some do fail because of market driven issues. That is capitalism, there is no guarantee.

      However, I will go with Romney’s record at Bain Capital rather than Obama’s record on investing tax payer dollars in failed green energy companies like Solyndra. Obama has no concept how business works, what he does know is how to grow government and make people dependent upon it.

    8. RK on August 27th, 2012 10:11 pm

      RE: “I guess you missed the first two years on Obama’s presidency when he had control of the House and a filibuster proof Senate.”

      This is not a true statement. This lie has been quoted for ever and ever, and it’s just not factual.
      SM: So Obama win in 2008 and the House and Senate were not both controlled by the Democrats? How is that a lie?

      Ok, not filibuster, Dems had 59, GOP 41. So you are telling me that the great Obama, the Great Communicator, could not negotiate with 1 or 2 Republicans? Really? That further shows how lame he is as a President, especially when the GOP had RINO’s like the two Senators from Maine and Lugar from IN.

      The Democrats had control of the House.

      With all three, he still could not do anything? As it was “WE THE PEOPLE” hated what he was doing so much that they elected Scott Brown in MA in a special election. The seat held by Teddy K in Mass that is overwhelmingly Democrat.

      Obama is a failure and the people at every opportunity voted against him individuals that would block his liberal BS.

      Sorry, that is a fact.

    9. RK on August 27th, 2012 10:17 pm

      RE: “And a $787 billion stimulus that was a total failure.”

      As a declarative statement, this is an opinion, unless there is some evidence to show why it is to be considered otherwise. If it’s so obvious, then someone, somewhere, will have offered proof so that we can all agree on the stated conclusion.

      I don’t challenge this as a valid opinion, but we can’t think of it as anything else without some proof.
      SM: Give it a rest. I am not going to argue a point that is so obviously a fact.

      Read away: Obama stimulus a failure:…1c.nbv1-n91ibU&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.&fp=7e9041a74f73c7f&biw=1366&bih=537

      Even Obama admitted shovel ready was not so shovel ready and laughed about it as millions of people were out of a job:

      US News:

      First, Obama’s economic advisers promised the stimulus would keep the unemployment rate below 8 percent. In 2012, the unemployment rate was supposed to fall below 6 percent. The prediction was not meant to be taken lightly. In a January 2009 radio address, Obama announced he was releasing a report based on “rigorous analysis” that charted unemployment through 2013 so “the American people can see exactly what this plan will mean for their families.”

      Today, 12.8 million Americans are unemployed, 8.2 million cannot find enough work, and 1.1 million have given up looking for work altogether. Unemployment still remains above 8 percent, the supposed maximum rate, and certainly above 6 percent. For 36 straight months, unemployment has been higher than what the president promised. That’s more than a rounding error; that is a failure of leadership.

    10. RK on August 27th, 2012 10:26 pm

      As far as Congress, I’m always ready to listen and be told of my false opinion of the last two years of the do-nothing congress. I’ve been waiting since the 2010 mid-terms when John Boehner said (before and after, as I recall) that this election was all about jobs, jobs, jobs. “We’ve heard the American people, and what they want.

      And ever since, no Jobs, Jobs, Jobs. In fact, it seems as if its been Abortion, Contraceptive, Planned Parenthood, voter suppression (ID), etc., etc., etc. State Legislatures have been on a rampage passing women’s (non-)health bills at a record pace (VA internal probing, and much more). many new laws force non-medically necessary procedures that women or their doctors don’t want. Now what about small government and getting between (literally) a women and her doctor??????

      Please, please, won’t a kind soul out there show me the error of my ways, and uncover the missing Jobs plans, and how the GOP is helping Americans during these difficult times.

      I promise a thousand apologies for some truth and accuracy on these questions.

      Sm: The House have passed jobs bills, they have passed many bills. Its Harry Reid and the Democrat controlled Senate who have not let many come up for a vote.

      Heck, reid has blocked Obama’s jobs bill because of lack of votes. He cant even get Dems to vote for it.

    11. RK on August 28th, 2012 7:35 am

      #10-SM RE: “The House have passed jobs bills, they have passed many bills.”

      Id this what passes for a persuasive argument? Declaring “that was already done; believe me” is just plain weak as a debating tactic, IMO.


      Thanks for your two links; these were quite informative. They both clearly tell a story of a false attempt to “vote” on the jobs plan by bypassing all normal measures of how the process works. An amendment to “china currency legislation”? Really?

      Since when do serious bills bypass debate, and not get introduced separately. Reid certainly blocked “a vote”, but he was blocking a vote on a political stunt. According to the link: “The GOP leader, before he brought up the legislation, made it clear he was doing it to embarrass Democrats.”

      As to the House, one link contains this: “And House Majority Leader Eric Cantor is out there actually bragging that they won’t even put the jobs package up for a vote — ever.” If this is true, my assertion seems substantiated.
      SM: and how did that Obama budget vote go? Not one Democrat Senator wanted to sign their name to it.

    12. RK on August 28th, 2012 8:27 am

      #9-SM: Did I totally predict the “obvious” talking point!!! Yes!!

      Well, my response: No it’s not; because I say so. Just as persuasive, isn’t it. ;-) Now, back to reality world.

      Unless I’m mistaken, a “total failure” is not achieving any measure of success. To make such a claim, no positive outcomes should be the argument presented. A few failures is not always significant; just ask Mitt Romney, who had his share of business failures (and he’s claimed to be the expert on business).

      For example: what actually happened with job losses/gains during the Obama admin? One can simply links to BLS stats and describe what happened with them, and explain why. What are the baseline UE figures from during the recession and after the stimulus was passed (and became active)? What is the truth of the Obama admin UE prediction (hint, not a promise)?

      As to your links: the Google search is a bit simple, and returns political blog opinion references, which are not worth reviewing as a whole. It does include news analysis, such as “The president could have rescued the economy by pushing for more stimulus. Not doing so was an error of epic proportions.”

      Or this: “In total, the economy has lost close to $1.3tn in annual demand as a result of the collapse of the housing bubble. This explains the economy’s weak growth and high unemployment. There is no simple way to replace this demand.
      We can gather together a coven of market-worshipping Republicans and sacrifice all the workers and retirees we want, it still will not replace the demand gap. We can love the private sector as much as we want and it still will not make firms go out and invest and hire when they don’t see demand for their products. …”

      Another says: “CBO’s latest report reveals that the top-end decline of two-tenths of a percent is deeper than the agency predicted before the stimulus passed in February 2009, according to a report in The Washington Times.

      At the peak of spending from July through September 2010, the American economy sustained between 700,000 and 3.6 million jobs, which lowered the unemployed rate between four-tenths of a percent to 2 percent, The Times reports.”

      Of course, there is also this: “The conservative Weekly Standard estimated that Obama’s stimulus package had cost taxpayers $278,000 for every job it created.” Of course, no serious economic analysis would use this calculation to have any significant meaning.

      Such a simplistic mind-set ignores that stimulus funding buys more than labor. If every road, bridge, or other significant construction project used this approach, then it would appear that their labor rates were incredibly high. Of course, the truth is that there are materials and other costs such as equipment rental or purchase costs that need to be paid for. There is also the salaries of the company executives which routinely average hundreds of times more than blue-collar workers.

      So, even though Obama did in fact misuse or misstate “shovel-ready”, there were many more salient aspects to the stimulus than this one sound-bite. There are also those pesky BLS stats that deserve an explanation for their trajectory; there is where a real story can be told.

    13. RK on August 28th, 2012 8:31 am

      AFAIK, we were discussing jobs bills, not budget bills.

    14. RK on August 28th, 2012 8:44 am

      Further info re: Obama budget.

      The vote taken was not on the budget Obama presented to Congress. It was written by and submitted by the GOP. Despite claims it “was” his budget, it “was not” the budget he “submitted” to Congress.

      Smoke and mirrors for partisan political posturing.

    15. RK on August 28th, 2012 8:46 am

      #8-SM RE: “Ok, not filibuster”

      Thanks for acknowledging this. :-)

    16. brie on August 28th, 2012 3:06 pm

      Some people need to get a life and find another site.

    17. RK on August 28th, 2012 4:37 pm

      True story: 100 people were asked to name a lie that a specific politician had told (whose named varied among the 100). Of the those who were asked this of Romney, 13 couldn’t answer. Turned out they were all Fox News viewers.

      Moral of the story: Some people hear so many lies they can’t recognize the truth anymore. They forget how to question and think for themselves.
      SM: 65 Outrageous Lies by President Obama

      Barack Obama’s greatest moments: 53 seconds that should end a presidency

      The Liar in Chief
      In his 2012 State of the Union Address, President Obama said that American oil production is the highest that it’s been in eight years.

      I’ve done more for Israel’s security than any President ever
      Obama aided Islamic Extremists take over of Egypt/ Libya – Weapons pour into Gaza

      Virtually every Senate Republican voted against the tax cut last week

      “Every idea that we’ve put forward are ones that traditionally have been supported by Democrats and Republicans alike.”
      Like Raising taxes?

      Obama met highly qualified out of work teacher Robert Baroz
      He wasn’t out of work and Obama never met him.

      GOP Responsible for Obama Jobs Bill Not Passing
      Dems Rejected Jobs Bill

      You have 80 percent of the American people who support a balanced approach. Eighty percent of the American people support an approach that includes revenues and includes cuts. So the notion that somehow the American people aren’t sold is not the problem
      Gallup Poll: Only 69%

    18. RK on August 29th, 2012 7:05 pm

      RE: “GOP Responsible for Obama Jobs Bill Not Passing”

      Found this reference that seemed to match one item on your list (

      “After the vote, President Obama said in a statement, “Tonight, a majority of United States Senators voted to advance the American Jobs Act. But even though this bill contains the kind of proposals Republicans have supported in the past, their party obstructed the Senate from moving forward on this jobs bill.””

      Although Obama apparently said something different than the list item, his accounting seems totally accurate. It is true 2-3 Dems voted against moving the bill to consideration, but all Reps also voted the same.

      Based on what I know, I’d not call Obama’s statement above a lie in this instance.

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