This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Romney Pits His Jobs Record Against Obama's

NEW YORK ( TheStreet) -- Mitt Romney's campaign shifted Tuesday to one number: 23 million.

A day after Barack Obama's campaign slammed the presumed GOP nominee for shuttering a steel mill in 2001 that once employed 4,500 people, Romney returned fire with a message that hit the president for some 23 million people who are currently unemployed, underemployed or not actively seeking work.

"Millions of Americans are struggling under the Obama economy," a narrator says in the video, which broadcasts interviews with three Iowa residents who said they have struggled through Obama's term. "Hope and change has not been kind to millions of Americans, but they still believe in this great country, and deserve a leader who believes in them: Mitt Romney."

Romney's decision to pivot to the 23 million contrasts Obama's smear against his business record a decade ago.

Romney's four-minute Web video, like Obama's steel-mill video on Monday, relied on individuals struck by poor economic circumstances to guide the story.

Romney, a principal at Bain Capital when the company shuttered the GST Steel mill, had his campaign on Monday snap back at the president after the stinging Web video went public.

"President Obama and his billion-dollar attack machine are desperately trying to distract from their own failed record of wasteful spending and crony capitalism by launching an attack on free enterprise," said spokeswoman Andrea Saul.

The Bureau of Labor Statistics employment situation data for April found 12.5 million persons unemployed, 7.9 million underemployed and 2.4 million who hadn't searched for work in the four weeks preceding the survey. That comes in at 22.8 million, slightly below Romney's 23 million claim.

Former Obama-appointed "car czar" Steven Rattner, who the administration tapped to lead the team that eventually devised the bailout plan for the American automotive giants, called Obama's ad on Monday unfair and said Bain Capital's responsibility was to create profits for shareholders, not to create 100,000 jobs.

-- Written by Joe Deaux in New York.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,071.22 -41.93 -0.24%
S&P 500 1,977.80 -5.05 -0.25%
NASDAQ 4,505.8520 -6.3420 -0.14%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs