CHICAGO, IL -- Today, Obama for America released a new television advertisement titled “Number One” that highlights Mitt Romney's failed economic record as Governor of Massachusetts. As governor, Mitt Romney added $2.6 billion to the state’s debt, leaving Massachusetts more than $18 billion in debt and number one in per person debt of any state in the country. At the same time, Massachusetts plummeted to 47th out of 50 in job creation – one of the worst economic records across the nation.
As president, Romney has promised to do the same thing. He’ll explode the deficit with $5 trillion in tax breaks weighted to millionaires and billionaires that he refuses to say how he'll pay for and do nothing to grow our economy. America can’t afford the same results. The bottom line is simple – Romney Economics didn’t work then, and it won’t work now.
In stark contrast to Mitt Romney, the President has a balanced and detailed plan to reduce the deficit by $4 trillion dollars -- including $2 trillion in deficit reduction already signed into law -- while still making smart, responsible investments to strengthen the middle class and grow our economy over the long term.
“Number One” will air in Colorado, Florida, Iowa, North Carolina, New Hampshire, Nevada, Ohio, Pennsylvania, and Virginia.