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Author Topic: Romney Predicts Unemployment Rate After His First Term  (Read 306 times)
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« on: May 23, 2012, 07:30:14 PM »

6% or less

Mitt Romney, in a sit-down interview with Time's Mark Halperin, said that by the end of his first term as president he would get the unemployment rate down to or below 6 percent from its current rate of just over 8 percent.

"I can't possibly predict precisely what the unemployment rate would be at the end of one year. I can tell you that over a period of four years, by virtue of the policies that we put in place, we get the unemployment rate down to 6 percent, or perhaps a little lower," he said. "It depends in part upon the rate of growth for the globe, as well as what we are seeing here in the United States. But we get the rate down quite substantially. And frankly, the key is, we are going to show such job growth that there is going to be competition for employees again and wages will see the end of this decline."

It appears Romney didn't learn the lessons of President Barack Obama's economic team, which famously said the stimulus would be successful if the nation reached 8 percent unemployment, only to end up regretting having offered a specific number.

Romney is also holding Obama to a higher standard. When the most recent set of jobs numbers came out, the presumptive GOP nominee chastised the president, saying that anything over 4 percent unemployment was not a cause for celebration.

heh, saying you'd get it to 6 percent but saying Obama should have it at 4 percent.  granted, even 6 percent would be better than what it is now, and it could be a more realistic goal.

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« Reply #1 on: May 23, 2012, 09:29:29 PM »

It is highly likely that unemployment will fall below 6% by 2016 regardless of which party owns the white house. If this recovery follows the historical record following major financial collapses (seven years, on average), both the private and public sectors will be de-leveraged and housing will be healthy again by 2014.

Naturally, both parties will take credit for this.

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