Today, President Obama will kick off a two-day “Betting on America” bus tour through Northern Ohio and Western Pennsylvania. He begins his tour on the heals of promising economic news on the jobs front.
The Automatic Data Processing (ADP) National Employment Report released today shows that Private U.S. businesses added 176,000 jobs in June. This was almost double the growth that economists expected. In the report ADP also revised upward its May report by 3,000 jobs to 136,000.
Throughout Ohio and Pennsylvania, President Obama will talk about his efforts over the last three years to get our economy back on track, doubling down on American workers by saving the auto industry, investing in manufacturing and bringing jobs back to America.
The President will also talk with voters in their communities about the choice in this election – whether we want to grow our economy from the middle out, not the top town. The President is rebuilding an economy meant to last – one that restores middle class security by investing in education, energy, innovation and infrastructure and reforms the tax code — steps which will create American jobs, responsibly pay down our debt and ensure everyone – from Wall Street to Main Street – plays by the same rules and pays their fair share.
The President’s vision stands in stark contrast to Mitt Romney, who believes in an economy built from the top down and supports the same policies that crashed our economy and devastated the middle class in the first place. As a corporate buyout specialist, he made massive profits by shuttering plants, firing workers and investing in companies that pioneered shipping of good American jobs overseas. As governor of Massachusetts, he increased debt, raised taxes and fees on the middle class and left the state 47th out of 50th in job creation. As a candidate for president, Romney’s economic plan blows a hole in the deficit with tax cuts for the wealthy, guts investments in education and clean energy, encourages outsourcing, and puts taxpayers at risk by rolling back Wall Street reform. According to independent economists, Romney’s economic plan would fail to create new jobs in the short term, and even make our economy worse. And by proposing $5 trillion in tax cuts weighted towards the wealthy, Romney’s plan requires either further increasing our deficits or raising taxes on the middle class.