"Romney Says His Policies Will Reduce Unemployment To Already Projected Rate By 2016"
Presumptive Republican presidential nominee Mitt Romney has told voters that his election “would be very positive news to the American economy,” and that by voting for him, voters could spark an economic turnaround.
Romney continued that narrative today, telling Time Magazine’s Mark Halperin that his policies would reduce unemployment to 6 percent by the end of his first term in 2016:
ROMNEY: Over a period of 4 years, by virtue of the policies that we put in place, we get the unemployment rate down to 6 percent, perhaps a little lower.
Though 6 percent unemployment is significantly lower than the current 8.1 percent rate, the feat isn’t all that remarkable. In fact, it is exactly where multiple government agencies project unemployment will be at the end of that time frame. The Congressional Budget Office predicts that unemployment will average 6.3 percent in 2016; the Office of Management and Budget, meanwhile, projects unemployment will hit 6.1 percent and ultimately fall below 6 percent the same year.
A few weeks ago, Romney said that anything “over 4% is not cause for celebration.”