Romney job ad long on promise - 13abc.com Toledo (OH) News, Weather and Sports

Romney job ad long on promise

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We look at Republican Mitt Romney's claim he can create 12-million jobs.  Here's the ad that's running on local airwaves.
 
"Let me tell you how I'll create 12-million jobs when President Obama couldn't"

Mitt Romney's latest ad makes a bold claim that a new energy policy can create 3 million jobs, lower tax rates on the middle class and small businesses can create 7 million jobs and expanding trade and worker retraining will add another 2 million jobs.

He doesn't say whether this will occur over four years or eight.  Either way, it will be a difficult goal to achieve.  Alan Lancz, a Toledo-based financial expert says Romney's plan "looks good in the headlines it sounds good in an ad, but it's very difficult to do."

Using a four year time frame, Mitt Romney's administration would have to oversee job creation at a rate of 250,000/month for 48 months just to meet that 12 million jobs number.

That's a tall order when you consider the only time we've every created jobs at that pace was during the Reagan recovery in the 1980s, from September, 1983 to July 1984.

Alan Lancz says Romney is relying on pent-up demand to fuel that kind of job growth.  Lancz told 13abc reporter Bill Hormann,  "Companies are running very efficiently right now, cash is on the sidelines, the potential is there to really turn this around it's a matter of if we can get the leadership to that."

But the president does not control Congress or business decisions or event's around the world; they all  play factors in job creation...

So creating 12-million new jobs is a fine goal... but would be historic if we achieved it.

It's impossible to say Mitt Romney's ad is true or false or misleading.

What we can say is that the American economy has never grown at the rate Romney is promising.

Under President Obama, the economy has created 4.4 million jobs... or 92-thousand jobs a month on average.

But you decide whether Mitt Romney's plan and his goal could work.

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