Posted by AzBlueMeanie:
"[I]n fact, anything over 8 percent, anything near 8 percent -- anything over 4 percent is not a cause for celebration."
"We should be seeing numbers in the 500,000 jobs created per month."
Mittens is setting some very ambitious markers for himself -- in fact, if Mittens is claiming that this is what he can accomplish as president he is promising Americans unicorns! The man is delusional.
According to the Bureau of Labor Statistics, no Republican president in the last 40 years has lowered the unemployment rate below 4 percent. Only under Democratic President Bill Clinton was the rate below 4 percent, and only for five months in 2000 (at the apex of the Tech Bubble).
Romney’s call for 500,000 jobs a month would certainly make for a faster economic recovery. That sort of growth, however, is hardly “normal,” as Romney claims. As the chart below shows, there have only been 16 months since 1939 — and only four in the last 50 years — in which the economy added 500,000 jobs or more:
Not only are Romney’s claims unrealistic and borderline impossible, his economic plan also provides no path toward such growth. Romney’s policies, according to a Republican National Committee official, would be the same as former President George W. Bush’s, “just updated.” Those tax cutting policies, of course, failed to create jobs or stimulate economic growth and instead left the country with the massive budget deficit and sputtering economy Romney now claims he’ll fix.
Romney has staked his campaign on his knowledge of the economy. But as his former primary opponent Rick Santorum said in March, “If Mitt Romney’s an economic heavyweight, we’re in trouble.”