Jared Bernstein breaks down the basis for Romney's promise to create 12 million jobs:
That’s about what you’d expect in terms of job creation in a normal American job market over four years. It sounds great right now—and “normal” would be great—given the job losses in the Great Recession and the slow growth since. But if you just run a typical macro model under the assumption that the economy is back to its normal growth path, regardless of who’s in the White House, that’s about what you’d get.
That's about right. Romney believes the global economic climate is basically the same as in the 1980s. Hence his inability to support anything but a repeat of the policies that existed at the time – including soaring debt by slashing taxes and boosting defense. When a politician knows only dogma, he knows nothing salient to the job he has to perform. These alleged growth numbers are, in other words, more lies that only the future can expose. The best kind for politicians, I suppose.
The Dish 
