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UCmeNdc

(9,600 posts)
Tue Sep 11, 2012, 03:00 AM Sep 2012

Mitt Romney’s Economic Policy, Full of Factual Errors, in other words he lies:

Perhaps the most basic and glaring of the factual inaccuracies in Romney’s speech (and a cornerstone of his argument in the speech) is his statements that taxes (and tax rates) have risen under Obama. But federal taxes have been repeatedly cut under Obama, at a total cost to the budget of close to $1.5 trillion (as estimated by the bipartisan Committee for a Responsible Federal Budget):


http://aneconomicsense.com/2012/04/08/mitt-romneys-economic-policy-address-full-of-factual-errors/



Romney also makes the claim that the federal government has exploded under Obama, with 140,000 new federal employees hired. But the figures on federal government employment issued by the Bureau of Labor Statistics (as part of their statistics on employment in all of the main sectors) shows that federal government employment only rose by about 30,000 between January 2009 and February 2012 (a total increase of 0.9% over a period of more than three years, or 0.3% per year). Furthermore, if one excludes an increase of 60,000 in civilian Defense Department workers, federal government employment in fact fell by 30,000 over this period. It appears that Romney is quoting a figure on federal employment that excludes US Postal workers, even though the official statistics of the BLS includes them. Even if one makes this selective choice of what statistics to cite, an increase of 140,000 federal workers (excluding postal workers), is an increase at a rate of only 2.2% per year. This is not an explosion. And Romney ignores the sharp reductions of state and local government workers in recent years. Total government workers (state and local, as well as federal) have fallen by 580,000 over this period, contributing directly to a substantial share of the unemployed.


http://aneconomicsense.com/2012/04/08/mitt-romneys-economic-policy-address-full-of-factual-errors/

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