Reality Check: Mitt Romney's Ad - 'Doin' Just Fine' - KTVN Channel 2 - Reno Tahoe News Weather, Video -

Reality Check: Mitt Romney's Ad - 'Doin' Just Fine'

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Mitt Romney's campaign latched onto a quote that PresidentObama made  in June and has fashioned an entire advertisement around it. Well - it and a few statistics.

The first graphic says 23.2 million Americans are in need of work. Not unemployed but in need of work.

And according to the number on the Bureau of labor Statistics that's true. If you add up the 12.7 million unemployed to the 7.9 underemployed to the 2.4 million who are no longer even looking for work, you get 23.2 million.

The next graphic says unemployment has been over 8% for 40 months straight. And again that's true.

According to the BLS we hit 8.3% unemployment nationwide in February of 2009 and we haven't dipped below 8.1% since.

The ad says millions of Americans are underwater on their mortgages and again that's true. According to the research group CoreLogic 11.1 million Americans are underwater on home mortgages as of June 1,2012.

And they use a sound bite from a press conference on June 8th where President Obama says,   "The private sector is doing fine." Which is true. He did say that, but that was just seven words our of a half hour press conference where he outlined all of the problems he admits the country is facing. Later that same day President Obama did give his justification.

"Look, it's clear the economy isn't doing fine," he said. "That's why I held the press conference and why I spent yesterday and the day before that and the past week and the past month and the past month talking about how we can make the economy stronger."

Now, whether the plan President Obama has laid out over the past year is viable actually to put the country back to work is probably debatable. 

So we plan to put the reality Check Spotlight on both Obama's and Romney's economic plans in the weeks to come.    

Written by Erin Breen

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