Saturday, October 4, 2014

Romney Keeps Campaign Promise Without Even Winning

In a May, 2012 interview with Time magazine's Mark Halperin, presidential candidate Mitt  pledged to bring the unemployment rate down to 6% by the end of his first term (which would have been in 2016):
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.  It depends in part upon the rate of growth of the globe, as well as what we’re seeing here in the United States, but we’d get the rate down quite substantially, and frankly, the key is we’re going to show such job growth that there will be competition for employees again.
Fortunately for America's unemployed, a different policy agenda was continued that worked much better. A full 27 months before the end of that first Romney presidential term that didn't happen, the unemployment rate has dropped to 5.9%. And the number of private-sector jobs has increased for a record 55-consecutive months.
And economists report that, had Congress heeded President Obama's call to invest in repairing America's crumbling infrastructure, the unemployment rate would be even lower. A report last month from the National Association of Manufacturers (the group once headed up by John Engler) projected initial creation of 1.3-million jobs through a targeted and long-term increase in public infrastructure investments.
Romney's pledge comes true two years early ... and without Romney at the helm.

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