Tea-GOP Predictions of Economic Collapse Overtaken By Events

Romney promises 6% unemployment

Via Think Progress.

When he ran for President in 2012, Willard (“Mitt”) Romney claimed that by repealing Obamacare, replacing Dodd-Frank, reining in the EPA, and cutting government spending — he could reduce unemployment to 6 percent by January 2017.

The top-line unemployment rate currently stands at 5 percent, which is close to what economists call “full employment.” Wages for most Americans remain flat, however, and there is significant under-employment.

Today, the Department of Labor announced that 271,000 jobs had been created in October. Overall, there have been 68 straight months of job growth creating 13.5 million new jobs. It is the longest streak of job growth on record in American history.

In 2011, former Speaker John Boehner predicted that Obamacare “will bankrupt our nation, and it will ruin our economy” during a press conference where he used the phrase “job-killing” once every two minutes.

All the Tea-GOP wailing about the Obama administration’s supposed “job-killing” policies seems to have been an exercise in projection or wishful thinking, because it was actually the Tea-GOP committing economic sabotage at every opportunity.

More info:
4 Predictions Republicans Made About The Economy That Are Really Embarrassing Now

  1. #1 by Larry Bergan on November 10, 2015 - 3:24 pm

    Emperor Gingrich has no clothes, and it’s not a pretty sight.

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