Source: Charles Riley / CNN Money
NEW YORK – Mitt Romney’s economic advisers issued a rosy set of projections Thursday that predict 12 million new jobs and a sharp economic expansion if the Republican candidate were to capture the White House.
The paper, authored by four conservative economists, projects that the Romney plan would add between 0.5% and 1% per year in gross domestic product growth over the next decade.
The estimates, the economists write, are “conservative.” Growth could be even stronger if hard-to-model gains from more effective regulation and decreased policy uncertainty could be captured.
Yet 12 million new jobs over just four years would be one of the strongest periods of employment growth in recent history, and require the economy to consistently add 250,000 jobs every 30 days for 48 straight months.
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