Skip to main content

Mitt Romney at podium with hands extended in both directions
"Two roads diverged in a yellow wood. And I, I bought both of them, suckers." (Jessica Rinaldi / Reuters)
Michael Shear of The New York Times offers this wonderful understatement about Mitt Romney's pledge to achieve a six percent unemployment rate by the end of 2016:
In order to persuade voters to pick him over Mr. Obama, he must demonstrate that he would make their personal situations markedly better.

That argument loses power if his promise is the same as the one that Mr. Obama makes.

Indeed, Romney's promise is actually higher than the one the Obama administration makes. Last year, the administration projected a six percent rate by the end of 2016, but subsequently said that their forecast was stale and that unemployment would drop more quickly than that, though they declined to give a specific target. And as Shear notes, a slew of respected nonpartisan and independent projections say unemployment is already on track to hit six percent by the end of 2016, if not sooner.

Those facts alone are enough to demonstrate the absurdity of Romney's claim, but it's also worth pointing out that under his policies, things would actually get worse. The core of Romney's economic plan is a dramatic $10 trillion tax cut for the wealthy coupled with enormous spending cuts and widespread regulatory rollbacks. Basically, he's proposing to double-down on Bush's trickle-down philosophy ... while simultaneously imposing severe austerity. It's a recipe for economic disaster, no matter what unemployment rate he promises.

Originally posted to The Jed Report on Thu May 24, 2012 at 09:45 AM PDT.

Also republished by Daily Kos.

Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags


More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site