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Romney Economics: Republicans on Romney's Massachusetts Record

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Mitt Romney ran for governor of Massachusetts promising more jobs, decreased debt, and smaller government. By the time Romney left office, state debt had increased, the size of government had grown, and Massachusetts had fallen behind almost every other state in job creation.

Other Republicans agree: Romney economics didn't work then, and it won't work now.

Broken Promises: Romney's Massachusetts Record

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Mitt Romney ran for Governor of Massachusetts promising more jobs, decreased debt, and smaller government. Here's what Massachusetts got instead: Jobs: 47th out of 50 states in job creation Taxes and fees: Increased more than $750 million per year Long-term debt: Increased more than $2.6 billion Fact is, Romney economics didn't work then, and won't work now.

President Obama on Creating an Economy Built to Last

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President Obama responds to questions during a press conference at the 2012 Chicago NATO Summit.

Romney Economics: Job Loss and Bankruptcy at Ampad

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With American Pad & Paper (Ampad), Mitt Romney and his partners took a small but successful paper products business and merged it with other companies in the industry, piling up debt as they went.

Romney Economics: Job Loss and Bankruptcy at Ampad

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 With American Pad & Paper (Ampad), Mitt Romney and his partners took a small but successful paper products business and merged it with other companies in the industry, piling up debt as they went. Ultimately, the company was unable to keep up with the interest payments on its debt and was forced into bankruptcy, but not before Romney and his partners were able to squeeze out more than $100 million for themselves.

El Plan Económico de Romney: Perdida de Empleos y Ampad se Va a la Bancarrota

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Cuando se trata de American Pad & Paper (Ampad), Mitt Romney y sus socios tomaron un pequeña compañía exitosa que producía productos de papel y la fusionaron con otras compañías en la industria, ahogándola en deuda conforme pasaba el tiempo. Al final, la compañía no alcanzaba pagar los intereses sobre la deuda y se tuvo que ir a la bancarrota.

President Obama on Creating an Economy Built to Last

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 President Obama responds to questions during a press conference at the 2012 Chicago NATO Summit.

Steel

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Kansas City's GST Steel had been making steel rods for 105 years when Romney and his partners took control in 1993. They cut corners and extracted profit from the business at every turn, placing it deeply in debt.

Romney Economics: Bankruptcy and Bailouts at GST Steel

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Kansas City's GST Steel had been making steel rods for 105 years when Romney and his partners took control in 1993. They cut corners and extracted profit from the business at every turn, placing it deeply in debt.