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DonViejo

(60,536 posts)
Thu Oct 18, 2012, 12:16 PM Oct 2012

Mitt Romney’s boldest claims — that his new jobs plan will create 12 million jobs — falls apart.

Quizzed about the claim by Washington Post’s fact-checker Glenn Kessler, the Romney campaign cited three separate studies that, taken together, include numbers that add up to 12 million jobs created. But as Kessler found, the studies employ different time frames, and two of them have no bearing on Romney’s policies.

And, it turns out, not all of the authors believe their research helps justify Romney’s conclusion either.

“I think the WP [Washington Post] story says it all,” said Ed Morse, a managing director at Citigroup Global Markets, in an email. “I have no comment to add.”

Romney claims that Morse’s Citigroup study proves he’ll create 3 million jobs. But the paper actually concludes that the economy will add 2.7 million to 3.6 million energy jobs over the next eight years if existing policies, including fuel efficiency standards that Romney opposes, are continued.

The Romney campaign cites a second study by Rice University professor John Diamond, predicting that the Republican candidate’s tax reform plan will spark massive growth and create 7 million jobs over 10 years. He stands by his conclusion, which is far more optimistic than most economists’, and takes no issue with Romney citing them — even if Romney’s playing games with the time horizon.

-snip-

more
http://tpmdc.talkingpointsmemo.com/2012/10/mitt-romney-study-authors-respond-12-million-jobs.php?ref=fpnewsfeed

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Mitt Romney’s boldest claims — that his new jobs plan will create 12 million jobs — falls apart. (Original Post) DonViejo Oct 2012 OP
Whatever Jobs He Might Create Won't Be Here. TheMastersNemesis Oct 2012 #1
As fast as Willard Rmoney would create jobs, Tagg Rmoney SDjack Oct 2012 #6
my husband keeps saying.... if people do NOTHING, these jobs will be created. seabeyond Oct 2012 #2
Robme is such a freaking FRAUD! fleur-de-lisa Oct 2012 #3
But according to Romney, even he admits his plan won't create 12 million jobs TlalocW Oct 2012 #4
Well . . . madamesilverspurs Oct 2012 #5
Best Case analysis is 58K jobs/mo exboyfil Oct 2012 #7
I said this long before any of these studies angrychair Oct 2012 #8
Despite the fact that the fact-checkers had DEBUNKED it before the second Debate TroyD Oct 2012 #9
 

seabeyond

(110,159 posts)
2. my husband keeps saying.... if people do NOTHING, these jobs will be created.
Thu Oct 18, 2012, 12:18 PM
Oct 2012

obama has to call him on it.

it has been bugging hubby for a while now.

TlalocW

(15,383 posts)
4. But according to Romney, even he admits his plan won't create 12 million jobs
Thu Oct 18, 2012, 12:24 PM
Oct 2012

Because he chanted, "Government doesn't create jobs; government doesn't create jobs!" during the debate.

TlalocW

exboyfil

(17,863 posts)
7. Best Case analysis is 58K jobs/mo
Thu Oct 18, 2012, 12:44 PM
Oct 2012

according to the only guy who agrees with Romney.

The economy is currently generating about 150,000 private sector jobs/mo. Bush generated about 100,000/mo for his middle six years doing what Bush is proposing to do. Clinton did better.

angrychair

(8,699 posts)
8. I said this long before any of these studies
Thu Oct 18, 2012, 12:57 PM
Oct 2012

The math and historic metrics from BLS show it to be a lie on its premise. 12 million jobs in 4 years is an average of 250,000 jobs a month, EVERY MONTH, for 4 years straight. You can go back 50 years...70 years...never happened. EVER. It's an absurd contention on Rmoney's part. Facts matter. The 47% matter. You matter. Vote.

TroyD

(4,551 posts)
9. Despite the fact that the fact-checkers had DEBUNKED it before the second Debate
Thu Oct 18, 2012, 01:02 PM
Oct 2012

Romney STILL mentioned the LIE in the debate!

And unfortunately Obama didn't get around to correcting that one. Romney won on the issue of the economy in the debate according to the polls.

That's one issue Obama has to keep an eye on. He needs to point out the following:

1. The Washington Post fact-checker gave the 12 Million Jobs number 4 Pinnochios

2. CNN Financial anchor Ali Velshi also says Romney's claim is nonsense

3. Reagan Budget Director David Stockman also called out the nonsense in Romney's plan this week

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