Pat Garofalo explores our man Mitt Romney’s claim that he’d create 12 million jobs and finds that Romney’s plan would actually kill jobs in America:
“Romney claims his plan will create 12 million jobs is one that his economic advisers have been echoing. However, a Center for American Progress Action Fund analysis found that Romney plan would actually kill 360,000 jobs next year alone…
“[...] Several of Romney’s proposals entail no change in policy, so its unclear how they would create jobs. Several others — including tax incentives for outsourcing — would actively undermine U.S. employment. Remember, Romney’s job creation record as governor was hardly stellar, as Massachusetts was 47th in job creation during his tenure.
“163,000 jobs created is encouraging, albeit too few to substantially bring down the unemployment rate. But the unemployment rate would be a full percentage point lower were it not for the hundreds of thousands of public sector layoffs that have occurred as a result of budget cutbacks. And Romney would double down on those sort of austerity measures, slicing the budget while cutting taxes for the rich under an economic ideology that has failed to produce results.”
America certainly doesn’t need to be “Bain Capitalized” anymore than it already has been: outsourcing American jobs overseas, austerity measures, and replacing living wages with minimum wage—all to benefit corporations and the one percent. Thanks, but no thanks.