Wednesday, May 23, 2012

Mitt backtracks on unemployment.

Mitt said today that he'd get unemployment down to 6% if he were President.  Earlier this month he said that, "Anything over four percent is not cause for celebration."  Not to rehash that previous post I made, but it sure seems like he's backtracking.

So let's take a look at peak unemployment, and see where the US is trending so far, assuming that Obama's policies were kept in place and Republicans didn't hijack the US economy by driving debt ceilings, shall we?



Whoops!  Looks like Obama's unemployment rate is trending LOWER than Mitt's reset, low bar!

Yes, there are many mitigating factors and so that trend line does not portend anything resembling reality.  But it's worth noting in itself that Mitt's own economic team has probably already done the charts and know that setting 6% as their target is more than reasonable.

So much for doing the tough work of reaching full employment, eh?

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