Obama Seizes On Report Saying Romney Will Create Jobs - Overseas

(Newsroom America) -- President Obama kept up the attack on Mitt Romney's economic credentials on Monday, quoting a report which said Romney's economic plan would create 800,000 jobs outside of America, which Republicans immediately dismissed.

President Obama said he had not found any serious economic study that says Governor Romney’s economic plan would actually create jobs until now. \\

"I’ve got to be honest. Today we found out there’s a new study out by non-partisan economists that says Governor Romney’s economic plan would, in fact, create 800,000 jobs. There’s only one problem: The jobs wouldn’t be in America. They would not be in America. They’d be in other countries," he said.

He was reportedly referring to an article in Tax Notes, a nonprofit, nonpartisan publication, by Kimberly A. Clausing, a professor at Reed College.

President Obama claimed by eliminating taxes on corporations' foreign income, Governor Romney’s plan would actually encourage companies to shift more of their operations to foreign tax havens, creating 800,000 jobs in those other countries.

"Now, this shouldn’t be a surprise, because Governor Romney’s experience has been investing in what were called "pioneers" of the business of outsourcing. Now he wants to give more tax breaks to companies that are shipping jobs overseas."

The Washington Post said Republicans dismissed the Tax Notes report, saying members of Obama’s jobs council have also supported a territorial tax to stimulate economic growth.

The New York Times quoted Republicans as saying the study was conducted by a professor from a well-known liberal college who contributed money to Mr. Obama’s campaign and to other Democrats.

Mr. Romney held no public campaign events on Monday, but did appear at what the Washington Post described as an "intimate fundraiser."