Mitt Romney and 100,000 jobs: an untenable figure

[jaxx]

Mitt Romney and 100,000 jobs: an untenable figure
Posted by Glenn Kessler at 06:02 AM ET, 01/10/2012

<..> Romney never could have raised money from investors if the prospectus seeking $1-million investments from the super wealthy had said it would focus on creating jobs. Instead, it said: “The objective of the fund is to achieve an annual rate of return on invested capital in excess of the returns generated by conventional investments in the public equity market and the private equity market.”

Indeed, the prospectus never mentions “jobs,” “job,” or “employees.”

Second, it has become increasingly hard to understand how Romney’s personal involvement played a role in creating these jobs, especially years later. He clearly is adding up all the jobs now at the companies that are thriving, arguing these numbers far outweigh the job losses at companies that failed. But as the Wall Street Journal reported Monday, the failure rate one can attribute to Bain Capital changes significantly if one counts five years from an investment or eight years from an investment.

<..> Interestingly, when Romney ran for the Senate in 1994, his campaign only claimed he had created 10,000 jobs. In one ad, a narrator said: “Mitt Romney has spent his life building more than 20 businesses and helping to create more than 10,000 jobs. So when it comes to creating jobs, he's not just talk. He's done it.”

http://www.washingtonpost.com/blogs/fact..._blog.html

Mitt is toast on this. He ran his mouth too many times.

[NJMaverick]

he has opened the door to looking at Mitt's actions when he ran Bain, by making these claims. I suspect that examination is one he will have regretted inviting.