Friday, October 28, 2011

Rick Perry Makes a Promise about Jobs He Should Be Able to Keep

Rick Perry, whose campaign for President is based on his alleged record of job creation in Texas, has been running ads promising that if elected he will create 2.5 million new jobs in his first term. And he might, since the US economy creates that many jobs for our growing population even when things are pretty bad, like now:

If Perry believes voters should be impressed with his vow to create 2.5 million jobs, the Texas governor should probably be more impressed with President Obama’s jobs record. . . . Over the last year and a half, as the economic recovery has slowly progressed, the economy has added 2.56 million private-sector jobs. Over that same period — March 2010 through September 2011 — the overall economy has added 2.1 million jobs, and should reach the 2.5 million mark by early next year.

Now, no one is saying these totals are good enough. Indeed, given the job losses in 2008 and 2009, generated by a Great Recession that began in 2007, they’re not even close to what’s needed. The fact that the private sector has added 2.56 million jobs over the last year and a half hasn’t been nearly sufficient to bring the unemployment rate down in a hurry or end the jobs crisis.

But for the purposes of evaluating the Texas governor’s first campaign ad, the bottom line is nevertheless interesting — Rick Perry believes he’ll able to create the same number of jobs in four years that Barack Obama has created in a year and a half.

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