Economists: Romney's 12 Million Jobs Target Realistic, Even If He Loses
Presidents Polk, Jackson and Johnson by jimbowen0306
License (according to Flickr): Attribution License
License (according to Flickr): Attribution License
As the election draws closer, the economy and jobs remain top issues in the presidential race. President Obama points to the improvement in the labor market since he took office in the midst of a downward spiral. Both he and Republican presidential nominee Mitt Romney have five-point plans for improving the economy, although their strategies differ. Romney claims his leadership would greatly improve the nation's economy: "If we do those five things, our economy will come roaring back," Romney pledged at a rally in Iowa on Friday. "We will create 12 million new jobs in just four years." It sounds like a very big number — 12 million jobs — especially coming out of a deep recession followed by three years of what many have described as lackluster job growth. But it's not as ambitious as it sounds.
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Zandi Mitt Romney job growth economic forecasting economic growth economic plan economic data President Obama forecasts presidential nominee Mark Zandi presidential race downward spiral deep dive chief economist labor market campaign promise consumer spending policies managing director financial crisis white paper robust lackluster recession roaring anyway Macroeconomic retailing incredible Analytics prediction conservative nation calculator Stanford gear hospitality leisure strategies solid Iowa leadership prices spacePeople:
Mitt Romney
Overall Sentiment: 0.166883
Relevance: 0.876886
| Sentiment | Quote |
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| 0.112649 | Romney claims his leadership would greatly improve the nation's economy: "If we do those five things, our economy will come roaring back," ... |
| 0.145931 | Romney claims his leadership would greatly improve the nation's economy: "If we do those five things, our economy will come roaring back," Romney pledged at a rally in Iowa on Friday. "We will create 12 million new jobs in just four years." |
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Disambiguation: Politician | CompanyFounder | TVActorReferences:
Mark Zandi
Overall Sentiment: -0.061647
Relevance: 0.609314
| Sentiment | Quote |
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| 0 | "The 12 million jobs has been my forecast for quite some time," says Mark Zandi, ... |
| -0.0822051 | "Cold hard facts. Politics completely aside. I'm just doing the numbers," says Zandi. |
| 0.0997497 | "Cold hard facts. Politics completely aside. I'm just doing the numbers," says Zandi. "I feel confident that we're going to create 12 million jobs over the next four years and we're going to feel a lot better about this economy, regardless of who is president." |
| -0.0970915 | "The housing cycle's going to kick into gear. A lot more homes are going to be built, office buildings, retail space. House prices are going to rise," says Zandi. |
| 0.0190484 | "The housing cycle's going to kick into gear. A lot more homes are going to be built, office buildings, retail space. House prices are going to rise," says Zandi. "That's going to lift consumer spending and retailing and leisure and hospitality, and this is going to create a lot of jobs." |
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John Taylor
Overall Sentiment: 0.0884753
Relevance: 0.486508
| Sentiment | Quote |
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| 0.235656 | "It's a solid estimate. It's a robust estimate. It's something that can be done with the right policies," Taylor says. ... |
| 0 | "If we have that kind of recovery again, the prediction is you'd get about 12 million jobs. So that's one way to think about this," Taylor says. ... |
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Joel Prakken
Overall Sentiment: 0.107625
Relevance: 0.483376
| Sentiment | Quote |
|---|---|
| 0 | "That is not based on anyone's particular set of economic policies," Prakken adds. ... |
| 0 | "It's not a projection that's incredible. It's just that it might happen anyway," Prakken says. ... |
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Obama
Overall Sentiment: -0.138144
Relevance: 0.407232
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Additional Info:
City: Romney
Overall Sentiment: 0.0205556
Relevance: 0.391683
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Economists: Romney's 12 Million Jobs Target Realistic, Even If He Loses
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Mitt Romney's pledge to add 12 million jobs to the economy over four years may sound like a very big number, especially coming out of a deep recession followed by three years of lackluster job growth. But some economists say it's realistic, and even if President Obama wins re-election.
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