Clinton Explains Romney’s $5 Trillion Tax Cut! [video]
I hope there are a lot more of these in the next 3 weeks. Thank you President Clinton for standing up for the truth and the American people.
On The Eve Of The Second Debate, Romney’s “Jobs Plan” Crumbles!
Republican presidential candidate Mitt Romney has been flying around the country promising to create 12 million jobs in his first term and he just released a new ad saying the same thing.
Thankfully, there are a few good print journalists left who remember what they were taught in journalism school and actually dug below the surface, beneath the manufactured reality that the right has hoisted on the American people. Glenn Kessler took a look at the 12 million jobs claim by Romney in his latest ad and discovered what I expected, a mishmash of bad math and wishful thinking. Go Glenn…(emphasis mine)
The analysis, which is prominently posted on the Romney campaign Web site, concludes:
“If we had a recovery that was just the average of past recoveries from deep recessions, like those of 1974-1975 or 1981-1982, the economy would be creating about 200,000 to 300,000 jobs per month. By changing course away from the policies of the current administration and ending economic uncertainty, as proposed by the Romney plan, we expect that the current recovery will align with the average gains of similar past recoveries. History shows that a recovery rooted in policies contained in the Romney plan will create about 12 million jobs in the first term of a Romney presidency.”
I’m sorry, but any statement that begins with the word “IF” and then ventures down the road of false comparisons and rosy numbers should be thrown out on its face. But then they go on to say with a straight face that by merely “ending economic uncertainty, as proposed by the Romney plan”, the recovery will take off like a rocket and all will be well. When you are living in a fantasy world where you make up the numbers, create a fantasy candidate to run against and lie with abandon with no push back, I’m sure that the idea of just waving a magic wand over “economic uncertainty” is plausible. Why not, the rest of the Romney plan is smoke and mirrors – what makes anyone think they won’t get away with this either.
The man has “style” while lying through his pie-hole.
Glenn Kessler, to his credit, tears apart the basis for Romney’s “12 Million Jobs” ad and looks at the source for the claims in the ad.
But the specifics — 7 million plus 3 million plus 2 million — mentioned by Romney in the ad are not in the white paper. So where did that come from?
We asked the Romney campaign, and the answer turns out to be: totally different studies … with completely different timelines.
For instance, the claim that 7 million jobs would be created from Romney’s tax plan is a 10-year number, derived from a study written by John W. Diamond, a professor at Rice University.
This study at least assesses the claimed effect of specific Romney policies. The rest of the numbers are even more squishy.
For instance, the 3-million-jobs claim for Romney’s energy policies appears largely based on a Citigroup Global Markets study that did not even evaluate Romney’s policies. Instead, the report predicted 2.7 million to 3.6 million jobs would be created over the next eight years, largely because of trends and policies already adopted — including tougher fuel efficiency standards that Romney has criticized and suggested he would reverse.
The 2-million-jobs claim from cracking down on China is also very suspicious.
Now just to be clear, the above justifications for the numbers came from the Romney campaign. The 7 million jobs number is a “10-year number” and was the only study cited by the Romney campaign that was even based on the Romney “plan”, such that it is.
The 3-million-jobs claim came from a study that looks at 8 years and was based largely on policies that President Obama has adopted, some of which Romney plans to reverse.
The 2-million-jobs, that Romney thinks will magically appear, will materialize by “cracking down on China.” It is based on old numbers and economic conditions and relies on China cooperating on intellectual property rights. If you really think that’s going to happen, I have a nice condo in the Cayman Islands, very near Romney’s tax shelter corporation, that I will sell you really cheap.
With only 3 weeks to go until the election, it is astounding to watch the Romney campaign get away with the most shallow, fact free campaign for the White House that our country has ever known.
Thankfully there are still a few great journalists around that also care about truth….because damn it, it will set you free.
Cross posted at Angry Black Lady Chronicles
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