"Romney: My one page plan will create 12 million jobs" by Greg Sargent

[applegrove]

Romney: My one page plan will create 12 million jobs

by Greg Sargent at WP

http://www.washingtonpost.com/blogs/plum-line/post/romney-my-one-page-plan-will-create-12-million-jobs/2012/08/03/85b51d3a-dd84-11e1-8e43-4a3c4375504a_blog.html

"SNIP.........................................

The current Moody’s Analytics baseline forecast is for payroll employment to increase by 12 million jobs from the start of 2013 to the end of 2016 (134 million to 146).

If Romney is elected and the trajectory of the U.S. economy plays out according to script, obviously he’ll be able to take credit for those 12 million new jobs.

However, the economic assumptions embedded in our forecast include only an extension of Bush-era tax rates for those under 250K, which is more closely aligned with the Obama administration’s position. We also assume a bipartisan deal to scale back sequestration and achieve a long-run fiscally sustainable path, with Democrats accepting reforms to Social Security and Medicare in exchange for the increase in top tax rates.

In effect, therefore, Romney is essentially promising no more jobs than we currently expect to gain under proposals similar to those advanced by the Obama administration. There’s not enough in Romney’s plan to estimate how many jobs it would create. If he’s saying the net change will be 12 million jobs, that’s exactly what we’re estimating without Romney’s plan.

.........................................SNIP"

(I've posted this before but I don't think it can be said often enough - Applegrove)

[SugarShack]

1. The CBO says 14-15 million jobs slated for next 4 yrs, through recovery, no matter who gets in.

But it will be Obama's recovery. Whoever gets elected, will get the credit though. It takes two years to get policy into the pipeline...to see effectivness.

[Angry Dragon]

2. It can not be said enough ... so keep posting

They say if you tell a lie enough people will believe it
Perhaps it works the same way with the truth and facts

[applegrove]

5. Greg Sargent himself posted it again. So if we all do it, maybe the truth will get out.

[Amonester]

3. Not rocket science: millions of Baby-boomers will reach 65.

They'll leave their jobs behind, so the 50% unemployed graduates will have a chance to fill them in.

My 2 cents.

[SunSeeker]

4. That's if he DOESN'T implement his crazy cut taxes plan.

Moody's 12M jobs prediction assumes the Bush tax cuts for the rich will expire; Romney's "plan" would not let that happen.

Romney's "5-point plan" for 12M jobs was the same as Bush's plan...and the same as McCain's plan: 1) School vouchers instead of funding education; 2) drill baby drill; 3) cut regulations and cut taxes for "job creators" (the rich); 4) cut the debt (doesn't specify how); and 5)repeal and replace Obamacare (but does not specify with what).

[abumbyanyothername]

6. Replace

Tonight is the first time I have heard the word replace.

That in itself is a victory for the ACA.

[abumbyanyothername]

7. Oh YEAH??

Well my super secret, double trouble, loop de loop job plan will create 20 million jobs.

In two days.

:-P