Glenn Hubbard, the Dean of Columbia’s Business School and an economic advisor to Mitt Romney’s campaign is out with another editorial in the Wall Street Journal.
It contains the usual outline of Mitt Romney’s proposed policies and criticism of the President. However, something that really catches the eye is one particular claim, pointed out on Twitter by Jim Tankersley (@jimtankersley).
From the op-ed:
When bolstered by sound trade, education, energy and monetary policy, the Romney reform program is expected by the governor’s economic advisers to increase GDP growth by between 0.5% and 1% per year over the next decade. It should also speed up the current recovery, enabling the private sector to create 200,000 to 300,000 jobs per month, or about 12 million new jobs in a Romney first term, and millions more after that due to the plan’s long-run growth effects.
That’s an incredible claim. How incredible? It would require 4 consecutive years of job growth better than George W. Bush’s best years in the height of the housing bubble. The best year of his Presidency saw around 2.4 million jobs added:
Regardless of what you believe about the possible efficacy of Romney’s economic platform, that’s a tall order.
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