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. It is also interesting he is touting 6% as a significant goal for a Romney administration to aspire to given his previous statements which make it clear anything above 4% was not worth celebrating. In a separate, yet assuredly linked campaign stump speech, Paul Ryan stated Romney and the Republicans will “save this country”. A wonderful prediction but given the current trends, it seems the country is already well on its way to being saved.
Romney promises to bring unemployment down to 6%
(CNN) – After repeatedly pinning the president for the unemployment level, which now sits at 8.1%, Mitt Romney pledged he could cut the rate by two points if he makes it to the White House.
“I can tell you that over a period of four years, by virtue of the policies that we’d put in place, we’d get the unemployment rate down to 6%, and perhaps a little lower,” the presumptive GOP nominee said in a TIME interview published Wednesday.
The number marked the first time Romney had talked about a specific rate during this election cycle, although he listed 5.9% as the number he would strive for in his 59-point economic plan released in September.
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