Mitt Romney: Unemployment Rate Will Be 6 Percent Or Lower After My First Term{/b]
By Sam Stein
05/23/2012
[b]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...
For the full article, go to:
http://www.huffingtonpost.com/2012/05/23/mitt-romney-unemployment-rate_n_1539827.html
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