Romney May Come to Regret Comment on Job Creation
By PETER BAKER, NYT
Every president makes statements as a candidate that he later comes to regret once he is in the White House. He finds himself held to a standard that sounded good on the campaign trail, but may not be realistic in office.
If Mitt Romney is elected this fall, he may look back at his comment Friday as one of those.
Responding to the latest disappointing employment report showing that the American economy added just 115,000 jobs in April, Mr. Romney said, “We should be seeing numbers in the 500,000 jobs created per month.”
That would certainly be a welcome tonic for a still-troubled economy, but it would also be a historic aberration.
In the last 50 years, according to data from the Bureau of Labor Statistics, the economy added that many jobs in a single month just five times. Presidents John F. Kennedy, Lyndon B. Johnson, Richard M. Nixon, Gerald R. Ford, George H.W. Bush and George W. Bush all spent their entire time in office without ever seeing a month where the country added 500,000 or more jobs.
(More here.)
Every president makes statements as a candidate that he later comes to regret once he is in the White House. He finds himself held to a standard that sounded good on the campaign trail, but may not be realistic in office.
If Mitt Romney is elected this fall, he may look back at his comment Friday as one of those.
Responding to the latest disappointing employment report showing that the American economy added just 115,000 jobs in April, Mr. Romney said, “We should be seeing numbers in the 500,000 jobs created per month.”
That would certainly be a welcome tonic for a still-troubled economy, but it would also be a historic aberration.
In the last 50 years, according to data from the Bureau of Labor Statistics, the economy added that many jobs in a single month just five times. Presidents John F. Kennedy, Lyndon B. Johnson, Richard M. Nixon, Gerald R. Ford, George H.W. Bush and George W. Bush all spent their entire time in office without ever seeing a month where the country added 500,000 or more jobs.
(More here.)
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