Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

marmar

(76,985 posts)
Fri Sep 7, 2012, 09:05 AM Sep 2012

Mitt Romney and the 12 million jobs fantasy


Mitt Romney and the 12 million jobs fantasy
Commentary: Republican proposal doesn’t add up

NEW YORK (MarketWatch) — Last week at the Republican National Convention in Tampa, Fla., Republican presidential nominee Mitt Romney made a bold statement.

“I am running for president to help create a better future, a future where everyone who wants a job can find one, he said, “and unlike the president, I have a plan to create 12 million new jobs.”

The plan was put together by four leading economists — Kevin Hassett, Glenn Hubbard, Greg Mankiw and John Taylor — three of whom (not Hassett) served in the administration of George W. Bush.

So far, it has gotten the backing of more than 600 economists, including six Nobel laureates, as well as conservative luminaries like Martin Feldstein, Michael Boskin, Dick Armey and Phil Gramm (although the statement the economists signed does not mention 12 million jobs). ....................(more)

The complete piece is at: http://www.marketwatch.com/story/mitt-romney-and-the-fantasy-of-12-million-jobs-2012-09-07?dist=beforebell



4 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Mitt Romney and the 12 million jobs fantasy (Original Post) marmar Sep 2012 OP
12 million jobs, eh? For which country? Curtland1015 Sep 2012 #1
You're Not Doing the Arithmatic Laxman Sep 2012 #2
The yacht industry will boom nt BootinUp Sep 2012 #3
You're Absolutely Right! Laxman Sep 2012 #4

Laxman

(2,419 posts)
2. You're Not Doing the Arithmatic
Fri Sep 7, 2012, 09:16 AM
Sep 2012

By giving the 1% millions in tax breaks and other benefits, getting to 12 million new jobs is a piece of cake! About 300 million people in the country. 1 % is about 3 million people. If each of them uses their increased wealth to hire a butler, a maid, a driver and a gardener-poof! 12 million new jobs in a heartbeat. That doesn't even include jobs like a new stable boy for Rafalca or any of the other great career opportunities that serving the whims of the wealthy might open up.

Laxman

(2,419 posts)
4. You're Absolutely Right!
Fri Sep 7, 2012, 10:25 AM
Sep 2012

Butlers and maids, what was I thinking. No imagination. The people here at DU can help old Mitt out by coming up with a list of jobs that his policies will help stimulate. Like painting obnoxious names on the back of boats (think II Rich)! Let's start a list right now and get America back to work. Between us and the Mittster, we'll have unemployment down to 0 in two shakes of a dressage mare's tail.

Latest Discussions»General Discussion»Mitt Romney and the 12 mi...