Romney's '12 Million Jobs Plan' Doesn't Work

"Glenn Kessler asked the Romney campaign to substantiate their claim that his policies will create 12 million jobs during his first term. The results were, as the kids say, LOL-worthy.

One study said a Romney-like tax plan could create 7 million jobs. The only problem? That was over 10 years, not four years. Worse, the study assumed that a Romney-like tax plan would be completely paid for and would happen in an economy at full employment. Neither is likely.

The next study was a Citigroup Global Markets effort that projected 3 million energy-related jobs. The only problems? It was over eight years, not four. Oh, and it wasn't evaluating any of Romney's policies at all. It was actually looking at current trends and policies — which is to say, Obama's policies.

Then there's the 2 million jobs that a 2011 International Trade Commission report estimated we could create if China stopped violating our intellectual property rights. This study wasn't looking at either Obama or Romney's policies, and no one thinks that any U.S. president could get Chinese businesses to respect American patents.

So Romney's claim of 12 million jobs over four years breaks down to 7 million jobs over 10 years in an economy that's already at full employment, 3 million jobs over eight years that have nothing to do with any of Romney's policies, and 2 million jobs if China suddenly became very, very respectful of U.S. intellectual property laws. ."* Jimmy Dore (The Jimmy Dore Show) and John Iadarola (Host, TYT University) discuss the job plan based on bogus math, as well as the concept of telling the truth in the moment over fact-checking later.

*Read more from Ezra Klein/ Washington Post:

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