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Mitt romney pledges 6 percent unemployment by the end of first term by efwegbe erergeer
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Mitt romney pledges 6 percent unemployment by the end of first term |
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Business,Business News,Business Opportunities
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By Callum Borchers, Globe Correspondent Mitt Romney pledged Wednesday that if elected president he willdrive down unemployment to 6 percent or lower by the end of hisfirst term. Romney has made the promise at least once before , at a North Las Vegas truck dealership in September, but he hasrarely given voters such a specific figure to which he could beheld accountable. The guarantee is also notable because Romney hasrepeatedly claimed President Obama broke a promise to hold thejobless rate under 8 percent. Romney s 6 percent promise bears theappearance of bold one-upsmanship.
But even if the presumptive Republican nominee were to win theWhite House and keep his word on unemployment, he might not be ableto claim full credit for the success. Five days before Romney firstsaid he would lower unemployment to 5.9 percent in North Las Vegas,the Office of Management and Budget projected the country isalready on track for a sub-6 jobless rate in 2016 -- a fact theObama campaign jumped on quickly. What I think was interesting about this is that Romney moved thegoal post in just a matter of weeks. He said that he was going toget it down to 4 percent several weeks ago, said Obama campaignspokesman Ben LaBolt.
When a May 4 labor report showed the nationalunemployment rate at 8.1 percent, Romney said anything over 4percent is not cause for celebration. Now he s at 6 percent, LaBolt continued, and he s alreadymoved the goal post on a critical promise that he has made. Thesecond question is how he gets to 6 percent without supporting theprograms that the president has put on the table to create jobsnow. Romney made the 6 percent pledge Wednesday in a taped interviewwith Time magazine political analyst Mark Halperin, who asked ifRomney could pinpoint the unemployment rate at the end of his firstyear in office.
I can t possibly predict precisely what the unemployment ratewill be at the end of one year, Romney replied. I can tell youthat over a period of four years, by virtue of the policies that weput in place, we d get the unemployment rate down to 6 percent orperhaps a little lower, he said. It depends in part upon therate of growth for the globe, as well as what we re seeing here inthe United States. But we d get the rate down quite substantially.And quite frankly, the key is we are going to show such job growththat there will be competition for employees again, and wages willsee the end of this decline.
Callum Borchers can be reached at callum.borchers@globe.com. Followhim on Twitter @callumborchers. I am a professional writer from Electric Ovens, which contains a great deal of information about feather hair comb , plastic hair comb, welcome to visit!
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