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ProSense

(116,464 posts)
Fri May 4, 2012, 01:03 PM May 2012

Romney: Anything Over 4% Unemployment “Not A Cause For Celebration” (updated)

Romney: Anything Over 4% Unemployment “Not A Cause For Celebration”

At a campaign stop in Pennsylvania Friday, Mitt Romney set the bar for a good unemployment rate at 4 percent. Reacting to the lackluster April jobs report, which showed unemployment dropping to 8.1%, Romney said the number needs to be far lower than that before anyone hands out attaboys.

“Just this morning there was some news that came across the wire that said that the unemployment rate has dropped to 8.1% and normally that would because for celebration,” he said. “But, in fact, anything over 8 percent, anything near 8 percent, anything over 4 percent, is not a cause for celebration.”

Watch:

- more -

http://livewire.talkingpointsmemo.com/entries/romney-anything-over-4-unemployment-not-cause-for

Since the unemployment rate during the Bush years was higher than that, and his policies led to the crisis, why is Romney celebrating the Bush years?

There is an ad in there somewhere.

Romney on the Bush years: “Not A Cause For Celebration”

Updated to add:

Holtz-Eakin: Romney’s Four Percent Unemployment Target Is Unrealistic

A leading conservative economist took issue with Mitt Romney’s claim that, “anything over four percent (unemployment) is nothing to celebrate,”

“I understand the desire for low unemployment and the current 8.1 is unacceptable,” Douglas Holtz-Eakin, president of the American Action Forum told TPM via email Friday afternoon. “But 4% is not a realistic target.”

Romney’s comments, directed at President Obama, came in the context of a disappointing Labor Department employment report, which suggests the economy isn’t experiencing a robust recovery.

http://livewire.talkingpointsmemo.com/entries/holtz-eakin-romneys-four-percent-unemployment-target-is



16 replies = new reply since forum marked as read
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Romney: Anything Over 4% Unemployment “Not A Cause For Celebration” (updated) (Original Post) ProSense May 2012 OP
It will be a HUGE MISTAKE for the Obama admin NOT to paint RMoney as ignorant on economy uponit7771 May 2012 #1
I think the plan is to link Romney to Bush Johonny May 2012 #5
Bush 43 SpencerShay May 2012 #12
Hey Mitt - what did your company do again???? Initech May 2012 #2
He's absolutely clueless! Wind Dancer May 2012 #3
He is! Rosa Luxemburg May 2012 #16
Okay, I want to know how fast the unemployment rate went down after the last Great Depression? jwirr May 2012 #4
That Would be During the Clinton Administration AndyTiedye May 2012 #6
The goalposts, zey are moving. Arkana May 2012 #7
Isn't that considered EC May 2012 #8
I think that it was around that nationally during the Clinton years Nikia May 2012 #9
It's called that but it's still not good enough. Zalatix May 2012 #11
Was Rmoney thinking about that when he Zalatix May 2012 #10
So under President Romney unemployment B Calm May 2012 #13
That's rich, coming from the guy who added to unemployment #s by firing people. SammyWinstonJack May 2012 #14
Mute Romney politicasista May 2012 #15

uponit7771

(90,347 posts)
1. It will be a HUGE MISTAKE for the Obama admin NOT to paint RMoney as ignorant on economy
Fri May 4, 2012, 01:06 PM
May 2012

...based off these statements.

They lack credibility and common sense but will be mainstay for the conservative base who want to hear their thoughts of Obama's economic performance affirmed.

Johonny

(20,851 posts)
5. I think the plan is to link Romney to Bush
Fri May 4, 2012, 01:54 PM
May 2012

through all the Bush people around him and yet the voters connect the dots. It's doubtful the low informed swing voters will buy a millionaire is bad at the economy. But it is possible to make them think he's a rich guy just like Bush was.

 

SpencerShay

(72 posts)
12. Bush 43
Fri May 4, 2012, 05:36 PM
May 2012

I wonder if low information voters remember that the previous president was also a millionaire, and bad for the economy.

Initech

(100,081 posts)
2. Hey Mitt - what did your company do again????
Fri May 4, 2012, 01:25 PM
May 2012

Oh that's right - it gutted businesses of their assets, laying off hundreds of thousands in the process, destroyed companies left and right while Mitt and his buddies profited handsomely off their destruction. Fuck you Mitt - you're one of the main causes of this shitty economy we live in.

jwirr

(39,215 posts)
4. Okay, I want to know how fast the unemployment rate went down after the last Great Depression?
Fri May 4, 2012, 01:30 PM
May 2012

The gop is continually setting the bar too high without considering the level of damage done by their own economic policies since raygun.

AndyTiedye

(23,500 posts)
6. That Would be During the Clinton Administration
Fri May 4, 2012, 01:55 PM
May 2012

I don't recall much celebrating among the Republicans or their media back then.
They were going on about a blue dress or something.

EC

(12,287 posts)
8. Isn't that considered
Fri May 4, 2012, 03:22 PM
May 2012

full employment? That's really unrealistic and I hope someone mentions it more than once.

Nikia

(11,411 posts)
9. I think that it was around that nationally during the Clinton years
Reply to EC (Reply #8)
Fri May 4, 2012, 05:10 PM
May 2012

And lower in many localities.
The best thing about it, besides the ability of almost anyone to get a job, is that wages tend to go up.

 

Zalatix

(8,994 posts)
11. It's called that but it's still not good enough.
Reply to EC (Reply #8)
Fri May 4, 2012, 05:12 PM
May 2012

It's not what you call an employee's market, where there are more jobs than workers.

 

Zalatix

(8,994 posts)
10. Was Rmoney thinking about that when he
Fri May 4, 2012, 05:12 PM
May 2012

1) bought KB Toys, then drained it dry and drove it into bankruptcy
2) was discussing this issue via an offshore call center

?

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