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News for Norther Colorado and the world

Saturday, December 20, 2014

The truth about jobs

 

Huff Post politics The truth about jobs

 

 

Obama vs. Romney: Jobs

By Bob Burnett

Jobs and the economy remain Americans’ number one concern. While Barack Obama and Mitt Romney have promised to create millions of jobs if they are elected President, there are stark differences between their plans.

In the first presidential debate, Romney promised , “If I’m president I will create… 12 million new jobs,” the equivalent of 250,000 jobs per month for 48 months. The Washington Post “Factchecker” observed, “In recent months, the economy has averaged about 150,000 jobs a month… Moody’s analytics, in an August forecast, predicts 12 million jobs will be created by 2016, no matter who is president.”

A Romney campaign policy paper The Romney Plan for Economic Recovery, Growth, and Jobs contains no specific proposals for job creation but instead four assertions: (1) “Stop runaway federal spending and debt,” which would obviate the need for tax increases. (2)”Reform the nation’s tax code to increase growth and job creation… Reduce individual marginal income tax rates across-the-board by 20 percent, while keeping current low tax rates on dividends and capital gains.” (3)”Reform entitlement programs to ensure their viability.” (4) “Make growth and cost-benefit analysis important features of regulation… Remove regulation impediments to energy production… Repeal and replace the Dodd-Frank Act and the Patient Protection and Affordable Care Act.”

Romney provides more specifics in a recent ad:  Read More at Huffington Post

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