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Romney Campaign Press Release - Not Better Off: Ohio's Middle Class Is Struggling Under Obama

September 25, 2012

"Ohio's middle-class families can't afford four more years like the last four years in the Obama economy. As a result of President Obama's failed economic policies, jobs are down, poverty is up, and household incomes are at their lowest level in decades. Ohioans deserve better. Mitt Romney will deliver a real recovery for middle-class Americans by helping create 12 million new jobs, more take-home pay, and a trade policy that finally works for hard-working Americans." — Amanda Henneberg, Romney Campaign Spokesperson

Under President Obama, Ohio's Middle-Class Families Have Been Squeezed By Fewer Jobs, Declining Incomes, And Skyrocketing Costs:

Ohio Has 413,357 Unemployed Workers Who Are Currently Seeking Work. (Bureau of Labor Statistics, Accessed 9/22/12)

Since President Obama Took Office, Ohio Has Lost 16,500 Jobs. (Bureau of Labor Statistics, Accessed 9/22/12)

Under President Obama, 353,646 More Ohioans Have Fallen Into Poverty. ("Poverty: 2007 And 2008," U.S. Census Bureau, 10/11; "Poverty: 2010 And 2011," U.S. Census Bureau, 9/12)

Under President Obama, Median Household Income In Ohio Has Declined From $49,027 To $44,648 — The Lowest Level Since The U.S. Census' Current Population Survey Was Established. (U.S. Census Bureau, Accessed 9/21/12)

In August Of 2012, Ohio Had The Nation's Seventh Highest Foreclosure Rate In The Nation — One In Every 556 Housing Units Had A Foreclosure Filing. "Other states with foreclosure rates among the nation's 10 highest were Arizona (one in every 360 housing units with a foreclosure filing), Nevada (one in 402 housing units), Georgia (one in 431 housing units), Ohio (one in 556 housing units), Michigan (one in 593 housing units), Delaware (one in every 610 housing units) and Colorado (one in every 617 housing units)." (RealtyTrac, "August Foreclosure Activity Flat Nationwide," Press Release, 9/13/12)

Since President Obama Took Office, The Average Price Per Gallon Of Gas In Ohio Has Nearly Doubled From $1.90 To $3.71. (AAA Fuel Gauge Report, Accessed 9/24/12)

And Life Isn't Getting Any Easier For Middle-Class Families In Ohio Due To President Obama's Trade Policies:

Under President Obama, The U.S. Trade Deficit With China Expanded To Nearly $300 Billion In 2011. (U.S. Census Bureau, Accessed 9/24/12)

  • In 2011, The U.S. Trade Deficit With China Was The Highest Ever Recorded. "The U.S. trade deficit with China has swollen through both Democratic and Republican administrations from $6 million in 1985 to a record $295 billion in 2011, reflecting both China's rise as a global manufacturer and the large role that consumer demand plays in fueling the U.S. economy." ("Snapshot: Where Obama And Romney Stand On Trade Policy," Reuters, 8/16/12)

Under President Obama, The United States Treasury Department Has Refused To Label China As A Currency Manipulator Seven Times. (Don Lee, "U.S. Declines To Label China A Currency Manipulator," Los Angeles Times, 5/25/12; Pedro Nicolaci da Costa, "U.S. Again Says China Not Currency Manipulator," Reuters, 12/28/11; Gregg Robb, "Treasury Says China Isn't A Currency Manipulator," Market Watch, 5/27/11; Sewell Chan, "China's Currency Avoids "Manipulated" Ruling Again," NYT, 2/04/11; Gregg Robb, "Treasury Does Not Cite China As Currency Manipulator," Market Watch, 7/8/10; Martin Crutsinger, "Administration Declines To Cite China On Currency Manipulation," USA Today, 10/15/09; Glenn Somerville and Doug Palmer, "U.S. Again Declines To Brand China Currency Manipulator," Reuters, 4/15/09)

The Washington Post: "China's Policy Has Probably Cost Americans Hundreds Of Thousands Of Jobs And Contributed To China's Destabilizing Pile Of Trillions Of Dollars In Reserves." "China's undervalued renminbi is a long-standing, bipartisan concern, and it is not a phony one: In pursuit of growth led by exports, China has held the renminbi down in relation to the dollar, rendering its goods artificially cheap in the U.S. market. The renminbi would gain about 20 percent against the dollar if it were allowed to float freely like other currencies, according to the Peterson Institute for International Economics. China's policy has probably cost Americans hundreds of thousands of jobs and contributed to China's destabilizing pile of trillions of dollars in reserves." (Editorial, "Breaking China?," The Washington Post, 8/31/11)

Mitt Romney, Romney Campaign Press Release - Not Better Off: Ohio's Middle Class Is Struggling Under Obama Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/302897

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