Mitt Romney’s jobs promise empty

Posted on October 10, 2012 by

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Candidate Romney is still saying he will create 12 million jobs. We have two cautions:

1- Making predictions is most often meaningless. We can’t predict the future, especially since it depends on the actions of Congress and any unforeseen events.

2- In this case, the prediction seems not much better than is anticipated no matter who is elected. Here’s the fact-check by the New York Times view:

Mr. Romney promised to create 12 million jobs over the next four years if he is elected president. That is actually about as many jobs as the economy is already expected to create, according to some economic forecasters.

In its semiannual long-term economic forecast released in April, Macroeconomic Advisers projected that the economy would add 11.8 million jobs from 2012 to 2016. Moody’s Analytics, another forecasting firm, projects similar job growth. That means Mr. Romney

Read more at http://projects.nytimes.com/live-dashboard/mobile/denver-presidential-debate