In the column Setting Their Hair on Fire, Paul Krugman weighs in on the Obama jobs plan.

First things first: I was favorably surprised by the new Obama jobs plan, which is significantly bolder and better than I expected. It’s not nearly as bold as the plan I’d want in an ideal world. But if it actually became law, it would probably make a significant dent in unemployment.

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Still, the plan would be a lot better than nothing, and some of its measures, which are specifically aimed at providing incentives for hiring, might produce relatively a large employment bang for the buck. As I said, it’s much bolder and better than I expected. President Obama’s hair may not be on fire, but it’s definitely smoking; clearly and gratifyingly, he does grasp how desperate the jobs situation is.

Later, in the article he comments on Mitt Romney’s alternative.

Yes, Mr. Romney has issued a glossy, well-produced “jobs plan,” but it might best be described as 59 bullet points with nothing there — and certainly nothing to justify his assertion, bordering on megalomania, that he would create no fewer than 11 million jobs in four years.

Romney’s plan may border on megalomania, but it is right over the edge into disingenuous.  If he is half the business person he claims to be, if it were his own money, Romney would not be hiring people and investing in new plant and equipment as a result of his own plan.  Until there are more customers than can be satisfied by opening up already closed plants and using already idle equipment, an entrepreneur would just be wasting money to make that sort of investment.  Given Romney’s track record in business, one can be fairly assured that he is entirely aware of this even when he makes his nonsensical proposals and uses ridiculous numbers such as 11 million jobs.  Who will be the first press person to call Romney to task on this?