Paul Krugman: The amnesia candidate
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Yes, it does. Mr. Romney constantly talks about job losses under Mr. Obama. Yet all of the net job loss took place in the first few months of 2009, that is, before any of the new administration's policies had time to take effect. So the Ohio speech was a perfect illustration of the way the Romney campaign is banking on amnesia, on the hope that voters don't remember that Mr. Obama inherited an economy that was already in free fall.
How does the campaign deal with people who point out the awkward reality that all of the "Obama" job losses took place before any Obama policies had taken effect? The fallback argument — which was rolled out when reporters asked about the factory closure — is that even though Mr. Obama inherited a deeply troubled economy, he should have fixed it by now. That factory is still closed, said a Romney adviser, because of the failure of Obama policies "to really get this economy going again."
Actually, that factory would probably still be closed even if the economy had done better — drywall is mainly used in new houses, and while the economy may be coming back, the Bush-era housing bubble isn't.
But Mr. Romney's poor choice of a factory for his photo-op aside, I guess accusing Mr. Obama of not doing enough to promote recovery is a better argument than blaming him for the effects of Bush policies. However, it's not much better, since Mr. Romney is essentially advocating a return to those very same Bush policies. And he's hoping that you don't remember how badly those policies worked.
For the Bush era didn't just end in catastrophe; it started off badly, too. Yes, Mr. Obama's jobs record has been disappointing — but it has been unambiguously better than Mr. Bush's over the comparable period of his administration.
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