Romney-Ryan 2012: Grifting on Jobs
From Greg Sargent's Plum Line:
"The current Moody's Analytics baseline forecast is for payroll employment to increase by 12 million jobs from the start of 2013 to the end of 2016 (134 million to 146).
"However, the economic assumptions embedded in our forecast include only an extension of Bush-era tax rates for those under 250K, which is more closely aligned with the Obama administration's position. We also assume a bipartisan deal to scale back sequestration and achieve a long-run fiscally sustainable path, with Democrats accepting reforms to Social Security and Medicare in exchange for the increase in top tax rates.
"In effect, therefore, Romney is essentially promising no more jobs than we currently expect to gain under proposals similar to those advanced by the Obama administration. There's not enough in Romney's plan to estimate how many jobs it would create. If he's saying the net change will be 12 million jobs, that's exactly what we're estimating without Romney's plan."