Mitt Romney: Unemployment Rate Will Be 6 Percent Or Lower After My First Term

Mitt Romney: Unemployment Rate Will Be 6 Percent Or Lower After My First Term

The Huffington Post | By Sam Stein | 05/23/2012 2:01 pm

“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.”

see video:
http://www.huffingtonpost.com/2012/05/23/mitt-romney-unemployment-rate_n_1539827.html?ref=politics
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How can anyone predict that he would bring down the unemployment to about 6% and possibly lower in 4 years, who has no previous experience in creating jobs, only laying off workers. President Obama is doing that now...and that is it in total, what this presidential campaign is all about.

So what else will Romney promise if he becomes president?...that he has corporations lined up that will promise jobs in a republican run administration? But isn’t that an admission that corporate America is starving the middle class worker in order to gain a republican White House?

It is becoming increasingly clear that the emperor is wearing no pants, is just blustering in his zeal to become president as he finally realizes that no amount of his money is going to buy him the presidency.

Mitt Romney is wanting to become president as the economy is making a slow, deliberate recovery from the Bush Depression, and he would become president as the recovery is well underway.

President Obama has led us away from the cliff abyss that threatened us in 2008, before he even became president and has laborously led us thru what could have been an even worse financial national legacy from a previous totally disastrous republican administration.

Why would anyone want a repeat of the Black Sheep Bush Years with another inexperienced republican sleazy corporate raider?

 

Wait. Didn't he say 4% at one time?

Another flip flop???

 

.......

It all depends on who his audience is, the guy flip-flops so much he looks like a chameleon....

 

Rofl. If he said that he is an idiot. It would take WW3 to take us down to that.

 

December 2000.

 

6% would be a hell of lot better then what the current numbers are.

 

Mitt would likely pull it off. If we recall Barack Obama promised under 8% if we gave him the TRILLIONS in stimulus. He got the money, and the country got the shaft and over 9% unemployment.

Mitt has the Midas touch. He has saved countless businesses, he saved the Olympics, he even did well as a Republican in Liberal whackville Massachusetts.

Any sensible person should more inclined to believe Mitt than Barack Obama. Barack Obama never really had a private sector job outside of the ice-cream shop he stole from.

 

That's all right. When Obama gets the numbers that low during his second term, I'm sure Romney will take credit for it.

 

With the way things are going, there is a good chance that Obama may not get his 2nd term. But neverless the numbers will be worse under a 2nd term of Obama.

 

I think you need to look at the current polls in the swing states. Obama doesn't even need to win the major swing states to win the election. Romney has to win every single one of them.

Obama is getting a second term. The conservative fallout will be a glorious thing to behold.

 

Here is Massachusetts' unemployment rate from 2003 to 2007, Mitt Romney's term as governor:

Massachusetts in 2003: 5.8%

Massachusetts in 2007: 4.5%

http://www.bls.gov/lau/data.htm

At Bain Capital, Mitt Romney created 100,000 jobs in 17 years. This is approximately 5883 jobs/year.

It is disingenuous to not call Mitt Romney a job creator. He certainly is one. However, it is equally disingenuous of Mitt Romney to make outlandish claims of returning the United States economy to full employment output.

I believe Mitt Romney realized his original claim that he could lower unemployment to 4 percent was absolutely crazy. Most economists have stated the economy will never return to 4 percent unemployment, which used to be full employment. Instead, most economists believe new full employment output will be near 6 or 7 percent. In other words, Romney revised his earlier claims to put them in line with conventional economic observations.

 

http://www.factcheck.org/2011/09/spinning-job-growth-by-the-numbers/

Jobs statistics are notoriously easy to massage, and comparisons between different sets of years can be misleading — some governors served during times of great national prosperity; others served during or immediately after times of national recession.

http://www.factcheck.org/2012/01/romneys-shaky-job-claims/

More...

http://www.politifact.com/truth-o-m...omneys-job-creator-claim-falters-bain-capita/

What you fail to mention is that the mission of Bain Capital wasn't to create jobs, it was to delete jobs.

 

All Romany has to do is hit Obama on the economy then Obama is going to crumble like a house of cards. The economy is what is going to drive this election. Jobs are what is going to drive this election. So don’t be acting all high and mighty because the polls target retested voters not likely voters such as the independents

 

Private equity is a complex business. Sometimes the goal is to aid in start-ups, IPO's, infrastructure development, energy development, etc. by providing growth capital, mezzanine capital, or venture capital. Other times the goal is to restructure companies (which requires layoffs), coordinate leveraged buyouts, and use mezzanine capital and venture capital to restructure firms as a trustee in bankruptcies. I like the development side of private equity. I appreciate the necessity of the destructive side of private equity as well, but it requires suffering, which I do not like. Either way, Bain Capital was a net job creator with Mitt Romney at the helm.

 

Of course and Newt is going to start a moon colony in his first term as well.

 

Romney is confused, throwing out numbers randomly.

http://politicalticker.blogs.cnn.co...ays-no-celebration-until-4-unemployment-rate/

 

Either confused or having recognized how ludicrous his original promise was.

 

Not Bain Capital. Romney even stated their job was to make money. How, why, doesn't matter.

 

Under Obama, the unemployment rate has dropped almost 2 percentage points, from 9.9% to 8.1%, in the last 2 years.

And all we've heard is conservative (*)(*)(*)(*)(*) about how that has been too slow.

So now Romney is boasting he will do the same thing, but in 4 years?
And conservatives are OK with that?

No thanks. I'll take the proven record over even slower improvement.

 

I do not see any substantive challenges to Romney's prediction in this thread, only childish name-calling. All Romney has to do to fix the economy is NOT be Obama. After he is elected, the economy will fix itself.

 

Why would you support a guy promising much *slower* growth and improvement than Obama has done?

 

Do you know of a business whose goal is to not make money? To consider the goal of making money bad is a mindset beyond my comprehension.

 

Glad to see someone putting up goals and explaining how they will be achieved. That is how leaders work, not complainers.

 

Sure it's great to see. Remember how the last "businessman" president you all put in the wH had the goal of paying down the debt by $2 trillion? Yep, goals are great.

At least Romney is not setting the bar too high. His goal of reducing unemployment by 2 percentage points over 4 years is something Obama basically did in 2 years.

Where was his explanation?

 

Obama lowered it by extending the economic problems which caused people to not find work within the 99 week time frame and having to be taken off the rolls.