Romney Jobs Claims Are False

[Bonestorm]

Romney's has claimed that he has a plan to create 12 million jobs thusly:

Let me tell you how I will create 12 million jobs when President Obama couldn't. First, my energy independence policy means more than 3 million new jobs, many of them in manufacturing. My tax reform plan to lower rates for the middle class and for small business creates 7 million more. And expanding trade, cracking down on China and improving job training takes us to over 12 million new jobs.

Turns out that the studies that his campaign relies on in support of those claims don't support it. I'll write that again. The studies that the Romney relies upon in support of the 12 million jobs claim do not support it. Here's the run down:

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.

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.

This figure comes from a 2011 International Trade Commission report, which estimated that there could be a gain of 2.1 million jobs if China stopped infringing on U.S. intellectual property rights. The estimate is highly conditional and pegged to the job market in 2011, when there was high unemployment. “It is unclear when China might implement the improvement in IPR protection envisioned in the analysis, and equally unclear whether the United States will face as much excess labor supply then as it does today,” the report says.

The man is utterly and completely full of shit and will say practically anything regardless of how untrue or ridiculous to become President of the United States.


http://www.washingtonpost.com/blogs...d1d1e1c-170f-11e2-a55c-39408fbe6a4b_blog.html

 

[evince]

he will say anything at any time to gain power for his church in the country

 

[CanceledB]

Romney's has claimed that he has a plan to create 12 million jobs thusly:



Turns out that the studies that his campaign relies on in support of those claims don't support it. I'll write that again. The studies that the Romney relies upon in support of the 12 million jobs claim do not support it. Here's the run down:








The man is utterly and completely full of shit and will say practically anything regardless of how untrue or ridiculous to become President of the United States.


http://www.washingtonpost.com/blogs...d1d1e1c-170f-11e2-a55c-39408fbe6a4b_blog.html

Being utterly and completely full of shit and willing to say practically anything to get elected is de rigeur in the GOP. The end justifies all means. That's why they don't mind having a sociopathic nominee and their platform has no moral compass.

 

[Guns Guns Guns]

Romney is white.

Obama is not.

The rest is just noise.

 

[Mott the Hoople]

Romney's has claimed that he has a plan to create 12 million jobs thusly:



Turns out that the studies that his campaign relies on in support of those claims don't support it. I'll write that again. The studies that the Romney relies upon in support of the 12 million jobs claim do not support it. Here's the run down:








The man is utterly and completely full of shit and will say practically anything regardless of how untrue or ridiculous to become President of the United States.


http://www.washingtonpost.com/blogs...d1d1e1c-170f-11e2-a55c-39408fbe6a4b_blog.html

Well knowing the gullability of the American public he's got a good chance of winning then, right?

 

[Cancel 2018. 3]

lmao...an internet warrior's opinion vs. a study. your suspicions are nothing but hot air. you sound afraid nigel.

 

[Guns Guns Guns]

Here's Romney in a new advertisement:

Let me tell you how I will create 12 million jobs when President Obama couldn't. First, my energy independence policy means more than three million new jobs, many of them in manufacturing. My tax reform plan to lower rates for the middle class and for small business creates seven million more, and expanding trade, cracking down on China, and improving job training takes us to over 12 million new jobs.



​

That's 3 million jobs from more drilling, 7 million jobs from tax reform, and 2 million jobs from trade-related measures.



So where do these numbers come from?

Tthe 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 tax plan is a ten-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-job 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 trade-related claim is, if anything, more ridiculous.
​

The study they point to is a 2011 U.S. International Trade Commission report claiming that Chinese IP violations cost the United States 2 million jobs.



That's almost certainly false, for starters, but more to the point there's just no way a Romney administration is going to coerce the PRC to adopt the intellectual property rules American business interests want.


China is going to adopt the intellectual property rules that Chinese business interest want.


That's a fundamental dynamic that transcends partisan politics.


Meanwhile, if anything, we should be pressing the world to move to less reliance on patents not more.



Long story short here, however, of the 12 million jobs only 7 million are attributable to the policies Romney is talking about.



The claim is that ambitious base-broadening tax reform would boost job creation by about 58,000 jobs per month. And maybe it would.


But as has been discussed ad nauseam, the only way to implement such ambitious reform is through a large middle class tax hike that Romney claims not to favor.



If I've said it once I've said it a millions times, but it's really true that the giant middle class tax hike version of the Romney plan should boost growth by pairing lower marginal tax rates with lower incomes.


But "faster growth through lower incomes" isn't a great campaign slogan, so Romney keeps disavowing the policy plank that's actually the linchpin of his jobs strategy.





http://www.slate.com/blogs/moneybox...ssler_shows_gop_candidate_s_jobs_math_is.html