Former Massachusetts Gov. Mitt Romney claims that if he is elected into office, he will create more than 12 million new jobs in his first term, a pace of 250,000 jobs each month. And the real kicker: The Romney presidential campaign predicts 7 million of these new jobs will be generated simply by cutting taxes.
This is, in a word, unbelievable. Kevin Hassett, economic advisor to the Romney campaign, said on National Public Radio recently that “Gov. Romney’s tax plan is modeled after the successful tax plans of the past, and it would generate growth because it would increase the incentive to do things that are good for America’s economy and America’s workers.” But we’ve heard this hyperbole before. Hassett was a part of the team claiming that President George W. Bush’s supply-side economics would create a strong economy. In fact, actual economic performance under these policies fell more than 8 million jobs short of what Bush economic advisors predicted. Hassett was wrong then and he’s wrong now.
Main 
