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Transcripts For CNNW Erin Burnett OutFront 20120802

good evening. i m erin burnett. mitt makes a bold promise. 12 million jobs. take a look at this ad in the wall street journal. first of all i want to draw your attention to the cartoon. there is obama on a tuortoise with a whip. what was it supposed to be the tortoise and the hare? the newspaper denied the catchy cartoon but every word was written by glen hubbard. here in the second to last paragraph is the claim. president romney would create about 12 million new jobs in his first term and millions more after that. which means 250,000 jobs each and every single one of his 48 months in office. he says he will do that by cutting regulations and cutting taxes. does it add up? first the good news. tlt have been a few times in american history where this has happened. the chief economists of jp morgan notes it happened in the 1990s. that is where the good news ends for the romney jobs claim. since 1939 only 27% of monthly jobs reports have shown growth of 250,000 jobs or more. th

Detailed text transcripts for TV channel - FOXNEWS - 20120406:22:40:00

unemployment over 8% for as long as we have. longest stretch. this is about growth. introduced by obamacare and unlike canadians for example, we have a gold rush of shale and gas oil, growth area in the economy. that has gone unexploited as a result of the pressure of the left on this administration. bret: a.b., the administration today in the person of gene sperling blamed the republican house saying the recovery could have been better had the signals and the action been better with the republican house. obviously lawmakers over there are pushing back are saying that the administration had a democratic senate and the democratic house for the first two years. well, the administration is behaving in a very aggressive partisan manner the past few days. sending out tweets, attacking obama. that is not going to stand up. this is an economy.

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