The economic recovery again became the focus of the presidential race last week as both President Obama and presumptive Republican nominee Mitt Romney took to the campaign trail to address the need to create jobs.
After the Labor Department jobs report released Friday found that unemployment remained at 8.2 percent, Romney blamed Obama’s tax policies and new regulations in the Affordable Care Act for burdening small businesses and hindering job creation.
“Obamacare is costing jobs in America … making it less likely for small businesses to hire,” Romney said in Wolfeboro, N.H. “Financial regulations are [making it] less likely for banks to make loans to small businesses ... We’ve looked at now four years of policies that have not gotten America working again.”
Obama, campaigning in Ohio, said the jobs report is “a step in the right direction” but that “we can’t be satisfied.”
During a two-day bus tour through Ohio and Pennsylvania, Obama attacked Romney’s business record — specifically that Bain Capital, the private equity firm Romney once ran, invested in companies that moved jobs overseas. Obama contrasted that with his own administration’s bailout of the auto industry.
“Governor Romney’s experience has been in owning companies that were called pioneers of outsourcing,” he said at a campaign stop in Maumee, Ohio, ABC News reported. “My experience has been in saving the American auto industry. And as long as I’m president, that’s what I’m going to be doing: waking up every single day thinking about how we can create more jobs for your families and more security for your communities.”
The message echoes that of a new ad the Obama campaign released last week that frames the Romeny’s jobs policy compared to Obama’s economic policies as “outsourcing versus insourcing.”
In Ohio, Obama reiterated his previous support for tax incentives to companies that bring back jobs to the United States, saying that unlike Romney, “I want to stop giving tax breaks to companies that are shipping jobs overseas, start rewarding companies that are investing right here in Toledo, right here in Ohio, right here in Maumee.”