Friday, October 19, 2012

Pants on Fire # 11: Romney's Job Plan

The Lie: Presidential candidate Mitt Romney has a five-point jobs plan which includes adding 12 million jobs in America in the next four years.

The Truth: Mitt Romney's plan is to cut taxes on the wealthy, which he says will inspire them to create jobs, so the wealth will "trickle down" to the common folk, maybe even including the 47 percent. 

Or not: In his "47 percent" speech to wealthy donors, he said he could do all this just by being elected --- “without actually doing anything.” 

Yep, he actually said that. 

By the sheer power of his own personal awesomeness, he would create12 million jobs --- even though the job and economic crisis we're suffering now was caused by eight years of the Bush administration's economically disastrous policies. 

Another part of Romney's plan would be to reduce environmental protections put in place by the Nixon administration more than 30 years ago. 

In summary, considering his job plan and social policies, Mitt Romney apparently wants to return to the 1950s, when women got high-paying jobs if someone gave him a "binder" with their names in it but had no real place in the everyday work world because they would have to get home every day to make dinner for their Norman Rockwell family. 

And how does Mitt Romney back up his boasts of economic magic powers? His campaign has cited several "independent" reports saying his vague plan would work. The problem is that those reports are inaccurate and/or not independent. 

Madame L wonders who believes anything Mitt Romney says any more. Really. Even if you believe what he says today, the fact that he said the opposite a week or a year or four years ago should leave YOU wondering which belief he will hold if he is elected to the presidency.

Please read Economics Nobel Prize-winner Paul Krugman's column in today's New York Times for more details.

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