In response to a recent analysis of their Tax Plan which said it would raise taxes for 95% of Americans, a Romney spokesman said it was "Biased" because it didn't take into account how the "Economy Would Boom".
The assumption of course is that will lower corporate taxes jobs would rain down like manna from heaven.
Well, there's another report on how much Romney's plan would create jobs - and it's not so much.
Via Thinkprogress.
In a white paper outlining his economic platform, Believe in America: Mitt Romney’s Plan for Jobs and Economic Growth, he offers a 59-point plan to create jobs and lower unemployment. Unfortunately, no amount of economic theory, real world evidence, basic arithmetic, or just plain logic could substantiate the belief that his 59-point jobs plan could create even 59 net new jobs in the U.S. economy…In total, by a conservative tally, Gov. Romney’s 59-point plan would actually cost the economy about 360,000 jobs in 2013 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.
Ouch!
So Governor 47th the Outsourcing, Downsizing King of Bain thinks we should just "trust him" that he has a secret plan to fix the nation jobs crisis.
Yeah, sure he does.
His plan is just one thing: Austerity.
We've already seen that Austery has actually shrank the British Economy
http://uk.news.yahoo.com/...
LONDON (Reuters) - Britain's economy will shrink this year and any meaningful recovery will remain elusive until 2014 as the euro zone debt crisis and the government's spending cuts weigh heavily on the country's prospects, a leading think-tank said on Friday.
The National Institute for Economic and Social Research (NIESR) said the country's output could have been 239 billion pounds higher in total between 2011 and 2021, had deficit reduction been postponed by three years.
Yeah, that's a winning plan right there.
And then there's the outsourcing.
The Washington Post recently reported that some of the companies Mitt Romney’s firm Bain Capital invested in were “pioneers in the practice of shipping work from the United States to overseas call centers and factories.” Even more troubling than his business record is his platform as Republican presidential candidate, which includes a policy that would encourage and further accelerate the outsourcing of American jobs to foreign countries.
The former Massachusetts governor would make U.S. corporations’ overseas profits exempt from U.S. taxes. These profits are already treated favorably under the tax code compared to corporate profits that are earned and reported domestically, creating an inefficient bias toward investment offshore. The favorable treatment of profits that are reported offshore also creates rewards for corporations that shift profits (on paper) out of the United States to foreign countries, including tax havens such as Bermuda and the Cayman Islands.
As I'm typing this Romney is on CNN claiming that he has a five methods to help save the American Economy.
1. Exploiting our Resources of Oil and Coal (Drill Baby Drill!)
2. Energy Independence - No more importing of Foreign Oil by the End of his Second Term (aka Drill baby Drill and Drill some more... even though only have 2% of the worlds Oil Reserves, and anything we drill immediately goes out for sale on the Global Market, we don't keep it domestically)
3. Job Training and Education - to get Americans back in the workforce. (Obama already did this by taking the middle-men out of College Loans, something Romney has said he would undo!)
WASHINGTON — Mitt Romney promises to usher private lenders back into the federal student loan market in a bid to decrease default rates and increase efficiency if he becomes president, but such a move could cost taxpayers tens of billions of dollars over a decade without saving students money, according to several higher education analysts.
4. Trade - Getting Tough with China. (Again, the Obama Administration has lodged more complaints
against unfair trade practices by China than any other President, what's Romney going to do differently?)
U.S. files complaint against China over auto tariffs
MAUMEE, Ohio — The United States filed a complaint against China with the World Trade Organization on Thursday over tariffs on American-made automobile exports.
...
The trade complaint was the seventh the administration has brought against Beijing. It drew attention to the fact that America’s Big Three car companies export relatively few vehicles to China, having chosen instead to invest billions of dollars in Chinese auto plants.
Let's also recall that one of the places the Romney's
Bain Capital outsourced jobs to - Was China.
Last month, Mitt Romney's campaign got into a dustup with the Washington Post after the newspaper reported that Bain Capital, the private equity firm the GOP presidential candidate founded, invested in several US companies that outsourced jobs to China and India. The campaign indignantly demanded a retraction, claiming that these businesses did not send jobs overseas while Romney was running Bain, and the Post stood by its investigation. Yet there is another aspect to the Romney-as-outsourcer controversy. According to government documents reviewed by Mother Jones, Romney, when he was in charge of Bain, invested heavily in a Chinese manufacturing company that depended on US outsourcing for its profits—and that explicitly stated that such outsourcing was crucial to its success.
Yeah, Romney is a champion of job creation - For China.
Didn't get to see #5 as Obama then began speaking from the White House and cut him off. Thank God, my brains were starting to try and run out my ears to escape Romney's blathering B.S.
Vyan
9:35 AM PT: Did a Search and Number 5 is get rid of ObamaCare ORomneyCare, since it's "Scaring Small Business".
http://denver.cbslocal.com/...
“I’m also going to do something that is scaring the heck out of small business and that is we’ve got to get rid of Obamacare,” said Romney.
Actually under ObamaCares, small business get a
35% tax credit to help them provide health coverage for their employees, and in 2014 that
goes up to 50%. Romney would cut that credit and
Raise Their Taxes!