NEWS FLASH

Romney Sets Second Ridiculous Standard For Jobs Growth | Slamming President Obama on today’s jobs report, Mitt Romney set the entirely unrealistic goal of creating 500,000 jobs per month this morning on Fox News, then added another unreasonable metric of 4 percent unemployment at a campaign event in Pennsylvania this afternoon. The unemployment rate ticked down to 8.1 percent today, but Romney said in Pittsburgh, “Anything…over 4 percent is not cause for celebration.” Four percent would obviously be nice, but is hardly typical — the unemployment rate hasn’t been that low since December 2000, at the end of President Clinton’s second term. Meanwhile, 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. It makes one wonder if Romney really has the economic understanding he claims to possess.