Mitt Romney has touted his job creation prowes throughout the 3 presidential debates even providing us with a number, 12 MILLION new jobs during his first term. That’s great… that’s astounding! That would best even Obama’s 5.4 million new jobs over the last 2 years. But how will he accomplish this? Well, the answer is… NOTHING. In order to create 12 million new jobs within his first term Mitt Romney, President Mitt Romney will have to do nothing whatsoever… for the simple reason that those 12 million new jobs are ALREADY slated to be created under current Obama policies. As with foreign policy, all Mr. Romney has to do is continue with what has already been done under the Obama presidency.
Mitt Romney’s ‘new math’ for jobs plan doesn’t add up
Romney’s 12-million-jobs promise has garnered a lot of attention. We became interested in this ad after a reader asked whether the campaign had provided much detail on how he would reach this total. This television ad is also prominently featured on the Romney campaign’s “Jobs Plan” Web page.
The math here appears pretty simple: 7 plus 3 plus 2 equals 12. But this is campaign math, which means it is mostly made of gossamer. Let’s take a look.
The Facts
As we have noted before, the 12 million figure is not a bad bet by Romney. Moody’s Analytics, in an August forecast, predicts 12 million jobs will be created by 2016, no matter who is president. And Macroeconomic Advisors in April also predicted a gain of 12.3 million jobs.
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