Jan 04, 2012 3:39 PM GMT
Unsurprisingly, Romney is full of shit.
Greg Sargent* Mitt Romney’s central jobs claims revealed to be bogus: Finally! The Romney campaign has now been pressed to justify the central claims he’s been making about jobs and the economy. As I’ve noted here, Romney has been saying over 100,000 jobs were created on his watch at Bain Capital — an assertion that’s never been proven -- while arguing that jobs were destroyed on Obama’s watch, proof that Romney is the superior candidate on jobs.
And guess what: Romney’s argument has now been revealed to be thoroughly bogus.
Post writer Glenn Kesler pressed Romney spokesman Eric Fehrnstrom to justify the 100,000 jobs assertion, and he offers this:
Fehrnstrom says the 100,000 figure stems from the growth in jobs from three companies that Romney helped to start or grow while at Bain Capital: Staples (a gain of 89,000 jobs), The Sports Authority (15,000 jobs), and Domino’s (7,900 jobs).
This tally obviously does not include job losses from other companies with which Bain Capital was involved — and are based on current employment figures, not the period when Romney worked at Bain.
Got that? Romney is only counting jobs gained at companies restructured at Bain during and after his years there — and is not factoring in jobs lost — in claiming he created over 100,000 jobs.
Meanwhile, as the Romney camp concedes to Kessler, in making the claim Obama is a job destroyer, Romney is factoring in the jobs that were lost during Obama’s presidency — before Obama’s policies went into effect. In other words, Romney is calculating a “net” number for Obama, and isn’t calculating a net number for himself. Just wow. As the charts drawn up by Steve Benen and Paul Krugman show, if you apply to Obama the metric Romney is applying to himself, around 2.3 million jobs were created on Obama’s watch.
While there’s no denying that Obama’s policies haven’t created jobs as fast as we would like, it’s obvious that Romney’s “net” Obama job loss claim is itself silly. That’s because he’s pointing to it as proof that Obama’s policies failed — even though hundreds of thousands of the jobs lost predated the stimulus kicking in. But more broadly, it’s now beyond doubt that the overall comparison Romney continues to draw between the two records is just laughably dishonest. Here’s hoping media outlets will point this out the next 100 times Romney makes these claims.