Today I met a man who told me he had just got a new job at a factory which is opening up in Rochester, New Hampshire. They will make carbon composite blades for jet engines which bend and flex when birds fly into the engine. They threw the frozen turkeys through and the engines do not fail. They have to be repaired, but the plane does not crash, or wind up in the Hudson River.
The factory will hire 400 workers and the economy of this part of New Hampshire will grow. If Mitt Romney gets elected, he and his "theory" of laissez faire will get the credit for the growth in the economy which is already in the pipeline. As he said during the same session he made the 47% remark, he will likely not have to do anything to improve the economy. His explanation was that business would be so happy to have him as President, they'll start hiring.
Fact is, they are already doing that before his election.
No matter who becomes President, most economists predict that there will be 12 million new jobs created in the next 4 years (just the number Romney has promised). The next president should be judged on how many more than 12M he can create (of course, this assumes that economists have credibility - which I am not yet sure I believe).
ReplyDeleteFrom the reports today about jobs, unemployment and economic growth, it looks as if the economy is recovering at a gradually increasing rate.
ReplyDeleteAll this will be forgotten, of course, if Romney gets elected, when he runs for re election in 2016. Just as Romney said today the unemployment rate today at 7.9% is higher than when Mr. Obama was elected. (7.8%) Of course, what he forgets is the financial crash and near Depression which occurred within weeks after Mr. Obama was sworn in. Romnesia.