Mitt has a five-point plan that will create 12 million jobs in four years. He says this over and over. And multiple headlines today say Mitt’s math is malarkey.

Dana Milbank wrote, “the source the Romney campaign provided for the jobs figure was a trio of studies that either didn’t directly analyze Romney’s policies or were based on longer time horizons than four years.”

In brief, Milbank says that (a) some independent economists think that if the economy stays on its current trajectory, it will add 12 million new jobs in the next four years, never mind who wins the election. And (b), those studies that the Romney camp claims to be about his particular plan don’t say what he says they say.

In a recent ad, Romney, speaking to the camera from a factory floor, says his “energy independence policy means more than 3 million new jobs,” his tax plan “creates 7 million more,” and “expanding trade, cracking down on China and improving job training takes us to over 12 million new jobs.”

But when Kessler asked for substantiation, the campaign referred him to a Rice University professor’s study for evidence that Romney’s tax plan would generate 7 million jobs — which turned out to be a 10-year number. The evidence for the energy policy creating 3 million jobs comes from a Citigroup Global Markets study that did not analyze Romney’s plan and was assuming an eight-year horizon. The remaining 2 million jobs, Kessler wrote, were justified by a 2011 International Trade Commission report that also didn’t analyze Romney policies.

See also Glenn Kessler (since when has Kessler given a Republican four pinnichios?), Joe Conason, and Don Lee in the Los Angeles Times.

I also like what E.J. Dionne says —

Under pressure this time, the former Massachusetts governor displayed his least attractive sides. He engaged in pointless on-stage litigation of the debate rules. He repeatedly demonstrated his disrespect for both the president and Candy Crowley, the moderator. And Romney was just plain querulous when anyone dared question him about the gaping holes in his tax and budget plans.

Any high school debate coach would tell a student that declaring, “Believe me because I said so,” is not an argument. Yet Romney confused biography with specificity and boasting with answering a straightforward inquiry. “Well, of course, they add up,” Romney insisted of his budget numbers. “I — I was — I was someone who ran businesses for 25 years, and balanced the budget. I ran the Olympics and balanced the budget.” Romney was saying: Trust me because I’m an important guy who has done important stuff. He gave his listeners no basis on which to verify the trust he demanded.

If you think about it, Romney probably hasn’t had to justify himself to anybody since he became head of Bain Capital in 1984. Must be a shock to his system.

This just up at Mother Jones —

… according to Romney’s recent tax returns, between 2008-2011 Romney invested more than a half million dollars in the stocks of 10 Chinese companies—including firms that embezzled, partnered with Iran, and stole US intellectual property.

Coming to an Obama campaign video near you.

Romney has long invested in China, putting millions into Chinese firms back when he ran Bain Capital, as MoJo’s DC bureau chief David Corn first exposed in several reports this summer.

Romney has said that he has no role in managing his personal investments; one of his aides told the Financial Times recently that Malt works “to make the investments in the blind trust conform to Governor Romney’s positions, and whenever it comes to his attention that there is something inconsistent, he ends the investment.” But back in 1994 Romney himself said that blind trusts don’t absolve an investor of responsibility: “The blind trust is an age old ruse, if you will, which is to say, you can always tell the blind trust what it can and cannot do. You give a blind trust rules.”

Lots of interesting details here. For example, while Mitt has been railing against Chinese companies stealing U.S. patents, one of the companies he invested in is a convicted patent-stealer.

Update: See also “Bain Tobacco” —

Ghosh’s work for cigarette companies was chaotic, unbridled and, ultimately, deadly. To Mitt Romney and his colleagues at Bain & Co., it was a chance to rake in money. Ghosh said he reported directly to Romney, who was excited about the Russian market. “He was my boss,” Ghosh said.

At the time, Romney was CEO of Bain & Co., the Boston-based consulting firm that launched his white-collar career and led him into the high-stakes world of corporate buyouts. Although Romney’s activities helming the private equity giant Bain Capital have drawn significant attention, his role at Bain & Co. has received almost no public scrutiny. A Huffington Post investigation into Bain’s tobacco work found that the consulting firm helped Philip Morris increase its revenues in the U.S., and aided two other tobacco titans as they vied to move forcefully into the Russian market.

Yes, Mittens was pushing American cigarettes in Russia. But, really, this was about patriotism. Since Russia is America’s “number one geopolitical foe,” Mittens was doing his bit by giving the Russians lung cancer.

Watch Paul Ryan fail to get his story straight —

Ryan is not just stupid, but stupid with resolve. No wonder the righties admire him.

See also Michael Tomasky.