Speaking in Pittsburgh yesterday, Mitt Romney said that “anything over 4% [unemployment] is not cause for celebration.”
The United States last achieved a sub-4% unemployment rate in December 2000, the end of President Clinton’s term.
On Twitter, Robert Reich, a Secretary of Labor under President Clinton, reminded Romney how America got there:
Romney, however, has a different plan. As a matter of fact, it’s exactly the opposite. His tax
plan would give massive tax cuts to the rich. (The top 0.1% for example,
would receive a $264,000 tax cut.)
Meanwhile, in a closed-door fundraiser, Romney revealed he planned to make massive reductions in education spending.
He is also proposing cutting funding for infrastructure, including the
possible elimination of the Department of Housing and Urban development.
Romney now says he wants to emulate former President Ronald Reagan. However, to follow in the footsteps of Reagan would be to not achieve his “4%” goals today. The average yearly unemployment rate exceeded 7% for most of his presidency and never dropped below 5.5%.