HUGE: WAPO Says Romney's 12 Million Jobs Plan Is Entirely Bogus (Pinnochios Maxed Out)

[kpete]

TUE OCT 16, 2012 AT 06:09 AM PDT
HUGE: WAPO Says Romney's 12 Million Jobs Plan Is Entirely Bogus (Pinnochios Maxed Out)
bytherehastobeawayFollow

Greg Sargent leads, at The Plum Lines:

Yesterday I noted that one of Obama’s most important tasks at tonight’s debate is to spell out clearly that Mitt Romney is selling the American people a bill of goods on jobs and the economy. Romney has promised that his “five point plan for the middle class” will create 12 million jobs. Of course, economists have estimated that the economy will create that many jobs in four years without any Romney policies.

But Post fact checker Glenn Kessler decided to take Romney’s plan at face value. And he’s made an important discovery. It turns out Romney’s plan is an even more absurd exercise in flim-flam than we thought: The studies the Romney camp itself cites in defense of the plan don’t back up the plan’s promises.

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 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.

http://www.washingtonpost.com/blogs/plum-line/post/the-morning-plum-romneys-jobs-plan-revealed-to-be-flim-flam/2012/10/16/52cc5ba0-177b-11e2-a55c-39408fbe6a4b_blog.html
http://www.dailykos.com/story/2012/10/16/1145148/-HUGE-WAPO-Says-Romney-s-12-Million-Jobs-Plan-Is-Entirely-Bogus-Pinnochios-Maxed-Out
http://www.washingtonpost.com/blogs/fact-checker/post/mitt-romneys-new-math-for-jobs-plan-doesnt-add-up/2012/10/15/fd1d1e1c-170f-11e2-a55c-39408fbe6a4b_blog.html?hpid=z3

[sinkingfeeling]

1. But 49% of the population are believers!

[Frustratedlady]

2. This needs to be spread further before the day is out...

Correct me if I'm wrong, but I thought I read on DU a while back that those 12M jobs would have happened anyway, as they were projected in a survey of corporations and service companies on what their future needs would be.

It wasn't long after that when Romney started touting they would create those jobs.

[randome]

3. You're right. That's what was being said about the 12 million jobs.

Romney isn't even good at lying, he just wants to 'look good'.