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Scott Brown stands by financial reform bill jobs numbers

Scott Brown's appearance on Face the Nation is blasted by critics.
Scott Brown's appearance on Face the Nation is blasted by critics.
AP

Senator Scott Brown claimed on Sunday that the financial reform bill would kill up to 35,000 jobs in Massachusetts, but the company that gave him those figures said it was the total number of finance jobs lost in the past three years in the state.

Brown stood by the figures he gave on "Face the Nation" on Sunday, despite criticism that the numbers were made up or inflated, according to today's Boston Globe. He said the estimate was given to him by industry leaders he spoke with, including executives at the Springfield-based MassMutual insurance company.

According to the Globe:

MassMutual officials initially said they provided Brown with no such estimate. Yesterday, company officials explained that they had given Brown an estimate of how many jobs have been lost in the Massachusetts financial sector since the recession — which they told him was about 33,000 jobs — and said the current legislation could further exacerbate the problem.

Brown's staff told the Globe on Sunday that the figures had come from MassMutual's chief executive, but Brown himself changed that yesterday to "industry leaders"  after the company said it had given no solid estimate.

An economist interviewed by the Globe said the financial reform bill would likely not effect financial sector jobs either way.

For more on this story, see also Scott Brown: Not ready for prime time?

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