Archive for May 23rd, 2012

May 23, 2012

May 23, 2012

The Daily Scoop: Romney promises 6% unemployment

During an interview with Time magazine Mitt Romney promised to reduce the unemployment rate to 6% within his first term as president. Let the celebrations begin! But wait… there may be a catch here. According to economic forecasts the current rate of growth already projects the unemployment rate will fall to 7% by 2015 and 5.5% by 2017. So Romney may well be correct, by the end of his first term in office (should he prevail) unemployment would drop to the level he promised. The one point he omits is he would have little to do to keep this campaign promise except to leave Obama’s economic policies intact. 

read more »