Upload

Loading...

Romney's '12 Million Jobs' - Real Math Breakdown

53,740

Loading...

Loading...

Transcript

The interactive transcript could not be loaded.

Loading...

Loading...

Rating is available when the video has been rented.
This feature is not available right now. Please try again later.
Published on Oct 22, 2012

"Mitt Romney's entire presidential campaign is premised on the idea that—as a former businessman—he is best qualified to fix the economy. It went unnoticed, but while talking tax reform, President Obama pushed against that with an effective attack on the shaky numbers behind Romney's tax plan:

'Now, Governor Romney was a very successful investor. If somebody came to you, Governor, with a plan that said, here, I want to spend $7 or $8 trillion, and then we're going to pay for it, but we can't tell you until maybe after the election how we're going to do it, you wouldn't take such a sketchy deal and neither should you, the American people, because the math doesn't add up.'

Since then, "sketchy deal" has become something of a catchphrase for the president; to wit, in an Iowa speech yesterday, he used it to contrast Romney's plan with "deals" of the past:


Romney still benefits from a presumption of competence, and Obama would be well-served by hammering on the essential vapidness of Romney's economic plan. It's not just that his tax promises don't add up—even with a $25,000 limit on deductions, there's not enough revenue raised to pay for an across-the-board cut and cuts to taxes on capital gains and investment income—but that his five point plan to create 12 million jobs does nothing of the sort.

The definitive debunking was done by The Washington Post's Glenn Kessler, who found that Romney's numbers just don't add up. On his website, Romney's economic advisors say that "History shows that a recovery rooted in policies contained in the Romney plan will create about 12 million jobs in the first term of a Romney presidency." Team Romney even goes as far as to cite exact job-creation numbers for each plank of the plan: 3 million from Romney's energy policies, 7 million from his tax policies, and 2 million from cracking down on China.

But as Kessler shows, the Romney campaign has little evidence for any of its claims. There's no study showing that the Romney energy plan would create 3 million jobs—at most, there's a Citigroup report that predicts that rate of job growth over the next eight years as a result of policies already adopted (and opposed by Romney). The 7 million jobs number? It comes from a ten-year estimate of what might happen with Romney's policies. And the 2 million jobs claim comes from a 2011 International Trade Commission report which estimates gains if China stopped infringing on American intellectual property. The problem is that the study was highly contingent on last year's job market, which was far worse than the current one." *Cenk Uygur calls Romney out, explaining how he derived his "12 million" jobs number and why media outlets are covering up the facts. The math does not add up.

*Read more from Jamelle Bouie/The American Prospect:
http://prospect.org/article/12-millio...

Support The Young Turks by Subscribing http://bit.ly/TYTonYouTube

Like Us on Facebook:
Follow Us on Twitter: http://bit.ly/OkX87X

Buy TYT Merch: http://theyoungturks.spreadshirt.com/

Loading...

  1. 8149

    4 Killed in Salon Shooting - Gun Control and Race

  2. 8150

    Arby's Manager Fired for Escaping Armed Robber

  3. 8151

    Ladyboys in the Middle East Find Fortune, Danger

  4. 8152

    Who's Next on the Kill List? The Disposition Matrix

  5. 8153

    Homeless Former Crip Saves Officer in Fight (Video)

  6. 8154

    Shocking KKK Assault on Girl- Real or Fake?

  7. 8155

    Debate: Romney and Obama Both Push Drone Warfare

  8. 8156

    Mayor's Ex-Wife Sues Man Who 'Seduced' Husband

  9. 8157

    Final Debate: Pundits Cry After Romney's Flop

  10. 8158

    Debate: Polls Say Obama Won - CNN Calls Tie Again

  11. 8159

    Teen: NYPD Paid Me To Bait Innocent Muslims

  12. 8160

    Obama Rips Romney in Final Debate - The Best Lines

  13. 8161

    Obama Calls Romney Out On Navy, Bayonets

  14. 8162

    Accident? 'Kardashians' Mom Has Nipple Slip

  15. 8163

    Majority of Homemade Porn Becomes Public, Says Study

  16. 8164

    Mourdock: 'God Intended' Pregnancies from Rape

  17. 8165

    Bloomberg: Warren Will Bring Back USSR, Bank Regulation

  18. 8166

    Romney Family Owns Voting Machines - Is This Right?

  19. 8167

    DNC Chair Doesn't Know What 'Kill List' is, Ignores Question

  20. 8168

    Benghazi: Soledad O'Brien Calls Out Giuliani

  21. Romney's '12 Million Jobs' - Real Math Breakdown

  22. 8170

    Lance Armstrong's Titles Stripped- 'Biggest Crisis' Ever?

  23. 8171

    Mom Confronts Daughter's Bully, Gets 'Terroristic Threat' Charge

  24. 8172

    'Fantasy Slut League' Uncovered in High School

  25. 8173

    Chevy Chase Uses N-Word in Rant On Set, Halts Production

  26. 8174

    Wolf PAC: A Call To Action

  27. 8175

    TYT Passes 400k Subscribers

  28. 8176

    Teacher Accidentally Leaks Topless Photo Of Herself In Class

  29. 8177

    Romney's '12 Million Jobs Plan' Doesn't Work

  30. 8178

    Medical Marijuana Dispensary Owner Faces 10-Years in Prison

  31. 8179

    Romney on Bain: 'Women and Minorities' Not Attracted to Industry

  32. 8180

    Drone Fleet To Expand- Civilian Death Statistics

  33. 8181

    World's Oldest Dad Has Son at 96

  34. 8182

    Couple Has Sex on Restaurant Table, Skips out on Bill

  35. 8183

    Pat Robertson: Gays & Libs 'Want Dictatorship'

  36. 8184

    Bible Verses Allowed on School Banners, Judge Says

  37. 8185

    Family Values? D'Souza Brings Mistress to Christian Event

  38. 8186

    Flamin' Hot Cheetos Banned from Schools

  39. 8187

    Bill Murray: Take Care of Yourself or be Compost

  40. 8188

    Woman Breastfeeds Dog to 'Feel Like a Better Mother'

  41. 8189

    Abercrombie & Fitch Pilot Fired- Not Trendy Enough?

  42. 8190

    Free iPhone5 Prize For Smallest Penis

  43. 8191

    Study: War on Drugs Not Working At All

  44. 8192

    Final Presidential Debate - How Can Obama Win?

  45. 8193

    Stagehand Sues Porn Company Over Penis Injections

  46. 8194

    Ben Stein on Fox News: 'Taxes Are Too Low'

  47. 8195

    RNC Worker Fired For Voter Fraud Back Again

  48. 8196

    Pastor: 'Rise Up' and Slap Woman Who Opposed Anti-Gay Posters

  49. 8197

    Most Inappropriate Children's Halloween Costumes

  50. 8198

    Ridiculous 'The View' Intro Glorifies War?

  51. 8199

    Anti-Bullying Day is Gay Indoctrination?

  52. 8200

    High Schoolers Bully DUI Speaker Offstage

  53. 8201

    Tom Hanks Drops F-Bomb on 'Good Morning America'

  54. 8202

    Romney Joke Analysis From Alfred E. Smith Dinner

  55. 8203

    Obama Joke Analysis From Alfred E. Smith Dinner

  56. 8204

    Listeria in Lettuce- FDA Deregulation to Blame?

  57. 8205

    Stop Foreclosure with House Billboard Advertising

  58. 8206

    VA Health Chief Resigns Over Abortion Regulations

  59. 8207

    'Lowlife Scumbag' - Congressional District Debate Gets Heated

  60. 8208

    Walsh: Abortions Never Needed to Save Mothers' Lives

  61. 8209

    Banker Stabs Cabbie, Charges Dropped

  62. 8210

    Twitter Bans Neo-Nazi Account

  63. 8211

    Tagg Romney's 'Take a Swing' at Obama Comment

  64. 8212

    Girls Soccer Player Knees Opponent in Face

  65. 8213

    CNBC's Maria Bartiromo - Worst Anchor Ever?

  66. 8214

    Funny Video: Maxi-Pad Company Responds to Man

  67. 8215

    Romney to CEOs: 'Help' Employees Vote 'Right' Way (Audio)

  68. 8216

    Waffle House Brawl After Homophobic Comment

  69. 8217

    Police Taser Blind Man, Thought Cane was 'Samurai Sword'

  70. 8218

    Fox News Blames Crowley/Truth for Obama Debate Win

  71. 8219

    Debate Breakdown: Obama & Romney's Best and Worst

  72. 8220

    Debate: Conservatives Cry Foul at Michelle Obama's Applause

  73. 8221

    Ryan 'Did Nothing' at Soup Kitchen Photo Op, Says Charity President

  74. 8222

    Woman Chugs Hand Sanitizer, Gets DUI

  75. 8223

    'Binders Full of Women' Fact Check on Romney Comment

  76. 8224

    Youth Football Coach Slugs Referee (Video)

  77. 8225

    Facebook 'Sluts' Page Controversy

  78. 8226

    Polls Say Obama Won Debate, CNN Won't Admit It

  79. 8227

    Election Easier as a Latino? Rosie Perez Schools Romney

  80. 8228

    Ross Perot Endorses Mitt Romney

  81. 8229

    "President Bin Laden"- Obama Critic Slip

  82. 8230

    Top Reddit Troll Identified, Fired IRL

  83. 8231

    Bath Salts to Blame in Bank Exec's Violent Attack?

  84. 8232

    'Anonymous' Seeks Revenge

  85. 8233

    Pro-Choice Candidate Opposes Morning-After Pill

  86. 8234

    'Get Away With Rape' List Found in College Dorm

  87. 8235

    Do Presidential Debates Matter?

  88. 8236

    Hypocrisy? Torture Memo Creator: Obama Violated Constitution

  89. 8237

    Space Leap: 24-Mile Skydive Makes History

  90. 8238

    Actresses Slam Romney on Abortion, Women's Health

  91. 8239

    Anti-Gay Christian Lives 'Undercover' As Gay For a Year

  92. 8240

    Paul Ryan Parody: The First Bro President

  93. 8241

    Brokaw Misattributes $1.1 Trillion Deficit to Obama

  94. 8242

    Romney Advisor: Right-Leaning Tax Studies Are Non-Partisan

  95. 8243

    "Obama Will Throw Spears," Says GOP, Get Sent "Back to Kenya"

  96. 8244

    Taiwan Funeral Strippers Dance For The Dead

  97. 8245

    Nun Caught Stealing Beer, Four Loko (Video)

  98. 8246

    Philippines Hero Dog to Get $20k Surgery

  99. 8247

    Drunken Romney Rant: Woman Arrested at P.F. Chang's

Advertisement
Sign in to add this to Watch Later

Add to