Where Does Mitt Romney’s Bain Jobs Figure Come From?

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You can almost set your clock to it at this point. If Mitt Romney gets a question about his record at Bain Capital at a GOP presidential debate, he’ll inevitably talk about how many jobs he created as chief executive of the venutre capital firm. At last Saturday’s debate in New Hampshire, he suggested he had created 100,000 jobs at Bain, and when pressed for evidence, said he had done the math himself. At Monday night’s debate in South Carolina, Romney upped the ante, telling Fox News’ Bret Baier that he had created more than 120,000 jobs. Apparently it’d been a pretty good week.

But for all his talk, Romney has still failed to produce any credibile answer for how he arrived at any of the various jobs figures he’s tossed out. As I explained last week, the best answer we’ve seen is that his top aide, Eric Fehrnstrom, added up the jobs growth of a few of Bain’s most successful spinoffs (Sports Authority, Staples, etc.), and that was it. No consideration of the various Bain investments that lost jobs. No allowance for the fact that Romney is effectively taking credit for every job Staples has ever created—dare I say he invented office supplies?—even though Bain provided just 10 percent of the seed money for the company. No calculation, in other words; just an arbitrary number. It’s no surprise it fluctuates so much.

Romney wasn’t pressed on the source for his newest figure by the Fox panel, but don’t expect him to get off so easy. President Obama’s re-election team has already set its sights on the 100,000 figure. On Monday, they took to Tumblr—yes, they’re on Tumblr—to taunt Romney’s inconsistencies in chart form (click to enlarge):

Via Barack Obama/TumblrVia Barack Obama/Tumblr

HERE ARE THE FACTS:

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ONE MORE QUICK THING:

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As we wrote over the summer, traffic has been down at Mother Jones and a lot of sites with many people thinking news is less important now that Donald Trump is no longer president. But if you're reading this, you're not one of those people, and we're hoping we can rally support from folks like you who really get why our reporting matters right now. And that's how it's always worked: For 45 years now, a relatively small group of readers (compared to everyone we reach) who pitch in from time to time has allowed Mother Jones to do the type of journalism the moment demands and keep it free for everyone else.

Please pitch in with a donation during our fall fundraising drive if you can. We can't afford to come up short, and there's still a long way to go by November 5.

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