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

President Obama On Todd Akin, Romney’s Lies And Releasing Tax Returns

I wish more Americans could turn off their hatred and watch this clip with open eyes. It’s a reminder to me why President Obama is ultimately qualified to be president. I couldn’t be more proud of him for staying a class act in the midst of the craziest election season in our history. Below the clip is a guide to my favorite moments in this “presser”. Enjoy!

:16 seconds – Facts about Medicare

1:30 Question on Todd Akins “legitimate rape” comment. POTUS: “Rape is rape!”, “men making decisions for women”

5:56 On Romney releasing his taxes, this is priceless.

7:05 Calling out Romney for the liar that he is in response to a Q about the Priorities USA ad that’s been distorted by the right.

9:00 “You can’t just make stuff up!”

15:40 Chuck Todd follows up on the Romney tax question. President Obama makes the Republican compliant media look foolish and brings it back to reality. Great moment.

Cross-posted at Angry Black Lady Chronicles

Romney’s Welfare Lie Brings Out Sister Simone’s Ruler

Don’t mess with nuns!

Remember what Jake and Elwood went through in The Blues Brothers movie? :)

NETWORK, a National Catholic Social Justice Lobby, has invited Romney to join them – for a day – serving the people that the sisters help daily who are struggling in our tough economy. The Executive Director of the organization, Sister Simone Campbell, knows that these are the people who will be further harmed by the policies Romney is proposing and the recent divisive political ads about welfare. She released a statement that pretty much nails what is happening at the moment.

“Recent advertisements and statements from the campaign of Governor Romney demonize families in poverty and reflect woeful ignorance about the challenges faced by tens of millions of American families in these tough economic times. We are all God’s children and equal in God’s eyes. Efforts to divide us by class or score political points at the expense of the most vulnerable of our brothers and sisters reveal the worst side of our country’s politics.”

I really don’t understand how anyone who values honesty or is devout in any religion, can look the other way as Mitt Romney and his campaign spread one lie after another. If you haven’t seen it yet, Steve Benen is doing holy work at The Maddow Blog keeping track of Mitt’s Mendacity. (28 volumes of lies)

Cross-posted at Angry Black Lady Chronicles

*H/T to Steve Benen at The Maddow Blog

Romney Wants To Raise Your Taxes And Give It To Millionaires!

The Washington Post reported on the independent analysis of Governor Romney’s proposed tax plan…

Mitt Romney’s plan to overhaul the tax code would produce cuts for the richest 5 percent of Americans — and bigger bills for everybody else, according to an independent analysis set for release Wednesday.

The study was conducted by researchers at the nonpartisan Tax Policy Center, a joint project of the Brookings Institution and the Urban Institute, who seem to bend over backward to be fair to the Republican presidential candidate. To cover the cost of his plan — which would reduce tax rates by 20 percent, repeal the estate tax and eliminate taxes on investment income for middle-class taxpayers — the researchers assume that Romney would go after breaks for the richest taxpayers first.

The awesome Steve Benen at The Maddow Blog put together this lovely chart, as only he can do. It gives us a nice visual of who benefits from Romney’s plan and who pays for the new yachts and summer homes for the rich.

The chart breaks down the tax burdens starting at the bottom 20% of wage earners and ends with the 99 – 99.9 group. He left off the top .1% because it would be “off the charts”, so to speak. You may notice that everyone pays more in taxes right up until you get to the top 5% of the population. According to the analysis, those who make $3 million dollars a year would get a TAX CUT of $250,000.

The President didn’t waste any time in letting people know how he feels about Governor Romney’s plan.

We tried that whole giving massive tax breaks to the rich during the Bush administration, it helped bring us to the brink of a depression. Let’s not go there again, please!

Cross-posted at Angry Black Lady Chronicles

The Truth In Graph Form – Bush Saddled Us With Massive Debts

The Republicans and their media enablers continuously spread misinformation about the deficit and debt. For anyone who is unclear, the definitions are below.

The Federal Deficit – The deficit is the difference between the money federal government takes in, called receipts, and what it spends, called outlays, each year.

The National Debt – The amount of the Treasury securities issued to the public and to the government trust funds is considered that year’s deficit and becomes part of the larger, ongoing national debt.

An incoming president, no matter who it is, inherits the previous president(s) deficits and debts. It’s a nice welcoming gift for the person “lucky” enough to win the election. The following chart breaks down what the national debt consists of and projects it into the future. It’s been around for a while, but never gets old as far as spelling out the truth in graph form. Courtesy of Steve Benen, now of The Maddow Blog.

“What If” the Republicans Hadn’t Obstructed The American Jobs Act?

Business has created over 4.2 million private sector jobs since President Obama took office and we’ve seen 27 straight months of job growth. As a comparison, in 2008, the last year of President Bush’s second term, we LOST 2.6 million jobs. In December 2008 alone, 632,000 jobs were lost. So yes, it sucks that the May 2012 jobs report only showed an INCREASE of 69,000 jobs, but if you are watching any cable TV today, you would think it was December of 2008 again.

One of the first things that came to my mind when I heard the jobs report was — I wonder how many jobs would have been created had the Republicans worked with President Obama to pass the jobs bill that he proposed back in the fall of 2011. I decided to pull out a speech he gave when he was traveling around the country selling his jobs package as a reminder of what may have been if the Republicans hadn’t blocked yet another attempt by President Obama to help American workers.

Any good American should be appalled at the recent news that Republicans conspired ON INAUGURATION DAY of 2009 to block every thing President Obama attempts to do. The blatant disregard for the American people for political reasons should send everyone to the polls on November 6, 2012 to send a message to Republicans that we are the United States of America and that politics shouldn’t take precedent over the overall good of the nation.

Cross-posted at Angry Black Lady Chronicles (at The Raw Story)