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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMitt Romney and the 12 million jobs fantasy
Mitt Romney and the 12 million jobs fantasy
Commentary: Republican proposal doesnt 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
Curtland1015
(4,404 posts)Laxman
(2,419 posts)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.
BootinUp
(46,928 posts)Laxman
(2,419 posts)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.