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Clinton Labor Secretary Schools Romney: 4% Unemployment Came After Education Investments, Tax Hikes On Rich

Posted by on May. 11, 2012 at 8:39 PM
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1 mom liked this

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, on the other hand, is proposing the exact opposite. His tax plan would give massive tax cuts to the rich. (The top 0.1%, for example, would recieved 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’s comments also don’t reflect well on Ronald Reagan, who Romney now says he wants to emulate. The average yearly unemployment rate exceeded 7% for most of his presidency and never dropped below 5.5%.

by on May. 11, 2012 at 8:39 PM
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Replies (1-8):
sweet-a-kins
by Ruby Member on May. 11, 2012 at 8:41 PM
Lol..oh that Mittens
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im23vaughn
by Bronze Member on May. 11, 2012 at 9:13 PM
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I am sure there is a lot of waste in the government. I do not think we should go after infrastructure or education. There has to be waste in other areas that aren't as important.

Citygirlk
by on May. 11, 2012 at 9:49 PM
1 mom liked this
Like what? Like how much politions get paid? Or like much tax money goes to corparations and all they use it for is big partys in vegas? I think raising taxes on the rich is a great place to start and we can take it from there.

Quoting im23vaughn:

I am sure there is a lot of waste in the government. I do not think we should go after infrastructure or education. There has to be waste in other areas that aren't as important.

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mustbeGRACE
by Silver Member on May. 12, 2012 at 7:23 AM

Did Obozo EVER create a single *uckin' job for anyone?

Ever?

Throwing taxpayer money at Detroit doesn't count because ANYBODY could have done that chit.

Get a job and forget about other people's money.

You be the best you can be before you start fingering other people' stuff.

Grief.

Entitled losers.

sweet-a-kins
by Ruby Member on May. 12, 2012 at 7:24 AM
According to the CBO

Over 3 million


Quoting mustbeGRACE:

Did Oboz o EVER create a single *uckin' job for anyone?

Ever?

Get a job and forget about other people's money.

You be the best you can be before you start fingering other people' stuff.

Grief.

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mustbeGRACE
by Silver Member on May. 12, 2012 at 7:26 AM

How much did each job cost?

sweet-a-kins
by Ruby Member on May. 12, 2012 at 8:29 AM
So you realize you are wrong and change course

Look it up

And not on Fox


Quoting mustbeGRACE:

How much did each job cost?

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mustbeGRACE
by Silver Member on May. 12, 2012 at 11:14 AM

 .................................................because the overwhelming percentage of the stimulus money and job creation being reported is in the public sector. For example, in Wisconsin almost 80% of the stimulus money went to public sector union jobs. Add in non-union public sector jobs and other public sector spending such as university grants and you've accounted for almost all the money spent.

That's right, very little of this money went to the private sector. That's one reason why public sector unemployment is 3%, while the much larger private sector unemployment is in the teens.

The public sector means jobs for nongovernment workers.

Not so much?   (  :

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