During his campaign for president Barak Obama promised to bring back jobs lost in 2007 and 2008.

He also promised not to allow national debt to rise above 8% (Barack Obama). He promised the creation of 6 million jobs. To do this He proposed borrowing a total of $787 billion for a tarp bill (which was not overviewed correctly by congress before being immediately passed) 60% of which remained unspent in the effort to create jobs. An additional $85 billion was borrowed(Barack Obama), adding a momentous mountain to our already accumulating national debt. This is in the beginning of his term in 2009. In October 5, 2011 the Recovery plan actually amounted to $825 billion. (What is) Then, unemployment jumped from 7.8% in January 2009 to 10.2% in October 2009 (Chris Ma) Thats 2.4% if you were wonderingwhich is 2.5 million jobs (Old Dominion) Now the unemployment rate is 8.1%(U.S. unemployment). Now, if you recall the beginning number for unemployment was 7.8% and now is 8.1%. So where are the 6 million jobs that HE promised? Romneys view on how to create jobs focuses even more heavily on tax cuts as the primary approach. Romney proposes to create 12 million jobs by 2017. The primary engine would be extending the entire $3.4 trillion in Bush tax cuts of the last decade as is for another decade (minus extending the cuts for those households earning less than $40,000 a year). Obama would extend the Bush tax cuts for all but the top 3% households. So Obama cuts out part of the top tier of households from the Bush tax cuts extension, while Romney cuts out the bottom tier of households. (Both support, however, reducing the top corporate tax rate from current 35%, as noted below). To create the 12 million, however, Romney proposes more than just extending the Bush cuts: he calls for even more tax cuts for corporations (as does Obama), reduced business regulations and more Free Trade agreements (ditto Obama), but adds more oil drilling and some token worker retraining as addenda to his jobs program.(Jack Rasmus) Ah, similarities involving the Lack of class warfare in both candidates plans. However, Romneys 12 million jobs goal is somewhat of a sham. It amounts to creating only 180,000 jobs a month on average, i.e. just 50,000 more than needed for new entrants to the labor force each month. That means reducing the current 23 million jobless by only 50,000 a month, which would leave 20 million still unemployed by 2017. So the Romney program is not really a program to eliminate the massive jobless overhang todayapart from the question of whether more business tax cuts, free trade, oil subsidies, etc. will even create the 12 million jobs in the first place.(Jack Rasmus) Therefore, shouldnt these people BOTH be suggesting bipartisan plans which will work BEYOND their terms to make it well past 12 million? In short, the relationship between job creation programs and business tax cutting is just a matter of degree between the two presidential candidates. (Jack Rasmus) AH THANK YOU JACK RASMUS!!!

References

EWALL, J. (n.d.). Barak Obama Campaign Promises. JON EWALL on HubPages. Retrieved October 4, 2012, from http://jonewall.hubpages.com/hub/barakobamacampaignpromises Goyette, B. (n.d.). What Is Obamas Actual Record on Creating Jobs? - ProPublica. ProPublica. Retrieved October 4, 2012, from http://www.propublica.org/article/what-isobamas-actual-record-on-creating-jobs Old Dominion University - National Yearly Forecast Analysis. (n.d.). College of Business and Public Administration. Retrieved October 4, 2012, from http://bpa.odu.edu/forecasting/national-analysis.php Rasmus, J. (n.d.). Jack Rasmus. Jack Rasmus. Retrieved October 4, 2012, from http://jackrasmus.com/ Sheppard, N. (n.d.). Chris Matthews Says 'Unemployment Was Well Past 10%' When Obama Took Office - It Was Only 7.8% | NewsBusters.org. NewsBusters.org | Exposing Liberal Media Bias. Retrieved October 4, 2012, from http://newsbusters.org/blogs/noelsheppard/2012/09/22/chris-matthews-says-unemployment-was-over-10-when-bush-leftoffice-it US Unemployment Rate. (n.d.). YCharts - Stock Charts, Stock Ratings & Economic Indicators. Retrieved October 4, 2012, from http://ycharts.com/indicators/unemployment_rate