U-S-A Today did some fact-checking on last week’s presidential debate … and I found their story interesting.
Regarding Mitt Romney’s claim that he will create 12 million jobs during his first term: economic forecasters … including Moody’s Analytics … predict roughly 12 million jobs will be created over the next four years, no matter who is elected president.
U-S-A Today reports: “Romney’s pledge means 250,000 jobs will have to be added every month for four years. According to the Bureau of Labor Statistics, employment growth has averaged 139,000 a month in 2012, and 153,000 a month in 2011”.
This seems to reinforce my belief that presidents don’t create jobs, the market creates jobs. Smart presidents figure out a way to take credit for job growth and avoid blame for job losses.
I think it’s great news that economists are predicting robust job growth over the next four years.
For what it’s worth … I thought Romney did better than President Obama in the last debate.
Our thought for today is from Niels Bohr:
“Prediction is very difficult, especially about the future.”