If you read only two things today, make sure they are this report from the Washington Post and Jeffrey Liebman’s op-ed in the Wall Street Journal. Mitt Romney has spent the past six years traveling the country and vowing to the American people that as president, he’ll fight for good, middle-class jobs. But that’s just a load of empty promises. As Liebman points out, Romney doesn’t even have a jobs plan—only a job-destroying budget plan. “What would Gov. Romney do to create jobs now? In a word, nothing. In fact, the proposals he has put forward would slow the recovery, reversing the gains we have made since the recession ended. “Gov. Romney himself has acknowledged that excessive spending cuts can have a damaging impact on the economy. … “But his own budget plan—as well as the House Republican budget he has said he is ‘very supportive of’—requires immediate cuts that would significantly reduce domestic spending. If Gov. Romney is correct about the impact of spending cuts, then the House budget, which cuts spending by $187 billion in 2013 relative to the president’s budget, would reduce economic output by about 1%. That would shrink employment next year by more than one million jobs .” Shrinking employment—now there’s a subject Romney knows a thing or two about. The Washington Post reports that during his oft-touted time in the private sector, Romney was a “pioneer” in the practice of sending good American jobs to places like China and India. Could this be why Romney supports tax policies that reward companies that outsource our jobs overseas? “During the nearly 15 years that Romney was actively involved in running Bain, a private equity firm that he founded, it owned companies that were pioneers in the practice of shipping work from the United States to overseas call centers and factories making computer components, according to filings with the Securities and Exchange Commission. … “But a Washington Post examination of securities filings shows the extent of Bain’s investment in firms that specialized in helping other companies move or expand operations overseas. While Bain was not the largest player in the outsourcing field, the private equity firm was involved early on, at a time when the departure of jobs from the United States was beginning to accelerate and new companies were emerging as handmaidens to this outflow of employment.” So, to sum it up: Romney is campaigning on job creation, but he has no jobs plan. He does have a budget plan that would kill a million American jobs as well as a 15-year record of loading up companies with debt, sending those companies into bankruptcy, destroying middle-class jobs and communities—and sending American jobs overseas. And let’s not forget that banner 47th place in job creation when he tried to apply his private-sector experience to governing. It’s clearer by the day: Romney is not fit to talk about job creation.
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Outsourcing pioneer Mitt Romney is not fit to talk about job creation