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Romney: By Obama's own standard, he doesn't deserve second term


Mitt Romney took umbrage at President Obama's assertion that he deserves a second term, the former Massachusetts governor arguing that Obama should be held accountable for the slow pace of the economic recovery.

Speaking at a rally Monday in Colorado, Romney took aim at the president's comments to the TODAY Show in an interview that aired on Sunday and Monday. In that interview, Obama said he deserved a second term despite having said in a 2009 interview before the Super Bowl that, if the economy hadn't recovered by now, his presidency would be a "one-term proposition."

"President Obama three years ago was on the today show and he said if he couldn't turn the economy around in three years, he'd be looking at a one-term proposition," Romney said at a morning rally, repeating a line he often uses on the campaign trail. "We are here to collect and, by the way, he was on the Today show again this morning on the anniversary of that statement and he said he deserves a second term."

First Thoughts: 'I deserve a second term'

"No, Mr. President you do not deserve a second term. You see he set his own standards. He said if we let him borrow nearly a trillion dollars, he'd keep the unemployment rate below 8 percent. It has not been below 8 percent since. So he does not deserve it based upon on that," Romney added.

Romney was referring to figures compiled by an economic adviser to Obama, Christina Romer, projecting the trajectory of the unemployment rate with and without the aid of the $787 billion stimulus for which the Obama administration had pushed in early 2009. That chart projected unemployment at the low 6 percent range by now if the stimulus were passed, and a rate closer to 7 percent if it weren't approved by Congress.

According to tthe Bureau of Labor Statistics report last Friday, the national unemployement rate stood at 8.3 percent at the end of January. That represented one of the lowest points in the Obama administration, and was the result of better-than-expected job creation last month.

"I'm afraid. based upon the president's own standards he has failed, he does not deserve a second term," Romney said.

TODAY's Matt Lauer sits down exclusively with President Obama, who talks about the violence in Syria and the challenge of having a family life on the public stage.