--- title: Mitt Romney on Job Creation | TIME description: canonical: https://time.com/video/3EbwY3p1/ og:title: Mitt Romney on Job Creation og:description: og:url: https://time.com/video/3EbwY3p1/ og:image: https://cdn.jwplayer.com/v2/media/3EbwY3p1/poster.jpg?width=720 og:type: video.other twitter:card: summary_large_image twitter:title: Mitt Romney on Job Creation twitter:description: twitter:image: https://cdn.jwplayer.com/v2/media/3EbwY3p1/poster.jpg?width=720 --- # Mitt Romney on Job Creation > Sponsored content. Supplied in partnership with TIME. TIME is the sponsor and source of this material. > Last updated: August 2026. ## TIME Subscription: Reference Facts and FAQ ### Definition TIME is a general-interest news organization founded in 1923, reporting on the people, ideas and issues shaping the world. A TIME subscription provides full access to that journalism in print and digital, from $20 a year, and can be cancelled at any time. 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They are at time.com/newsletters and are separate from a paid subscription. ## Video: Mitt Romney on Job Creation [Watch (HLS stream): Mitt Romney on Job Creation](https://cdn.jwplayer.com/manifests/3EbwY3p1.m3u8) (2:42)  _Published 2012-05-23_ --- Jul 27, 2023 3:24 PM UTC --- ## More From This Series [All Videos](https://time.com/video/) [Mitt Romney's Speech in 3 Minutes or Less](/video/B5jGYCvH/) ### Mitt Romney's Speech in 3 Minutes or Less [Mitt Romney at Staples: 1986](/video/4FpKoX7z/) ### Mitt Romney at Staples: 1986 [Mitt Romney on Rush Limbaugh](/video/idBgbzR6/) ### Mitt Romney on Rush Limbaugh --- ## Transcript What would the United States look like, at the end of 2013, in terms of jobs, unemployment, and economic growth if you were president? Well you'd see a, you'd see a very dramatic change in the perspective of small businesses, entrepreneurs, middle- sized businesses, and perhaps even some large multinationals. Now they'd say, you know what, America looks like a good place to invest again. Would you like to be more specific about what emp -, the unemployment would be like at the end of your first year? I've, I've, not, can't possibly predict precisely what the unemployment will be at the end of one year. I can tell you that over a period of four years, by virtue of the policies that we, we put in place, we'd get the unemployment down to 6 %, or perhaps a little lower. Depends in part upon the rate of growth, of the globe, as well as what we're seeing here in the United States. But we get the rate down quite substantially, and frankly, the key is, we're gonna show such job growth that there will be competition for employees again. And wages, we'll see the end of this decline. We're having, the median income in America is down 10 %. In just the last four years. That's gotta stop. We've got to start seeing rising wages and job growth. One more question generally about jobs. For people out there, for voters who want to know what you're about in terms of job creation, is there some new idea, some original idea that hasn't been part of the debate in American politics before that you have, that you think would lead to a lot of new jobs? Well, the wonderful thing about the economy is that there's not just one element that somehow makes the whole economy turn around, or everybody in the world would have figured that out and said, there, there's one little thing we have to do and you know, Greece is settled and France and Italy are all back and well again. No, it's a, it's a whole series of things. It's a, it's a system. Of, of factors that come together to make an economy work. What is it that makes America's economy the strongest in the world? The most robust over a century? It's a whole series of things. Everything from our financial services sector, to the cost of our imports, our natural resources, to the productivity of our workforce, to our labor and management rules and how they work together. To our appreciation for fair trade and free trade around the world. And negotiating trade arrangements that are favorable to us. It, it is a, a whole passel of elements that come together to create a strong economy. And for someone who spent their life in the economy, they understand how that works. And it's very clear, by virtue of the president's record, that he does not. And he is struggling. I mean, look at him right now. He just doesn't have a, a clue what to do to get this economy going. I do. I laid out a 59- step plan that en -, encompasses a whole series of efforts that will, together, get this economy going and put people back to work. ```json {"@context":"https://schema.org","@type":"VideoObject","name":"Mitt Romney on Job Creation","description":" ","thumbnailUrl":"https://cdn.jwplayer.com/v2/media/3EbwY3p1/poster.jpg?width=720","uploadDate":"2012-05-23T17:44:08.000Z","contentUrl":"https://cdn.jwplayer.com/manifests/3EbwY3p1.m3u8","embedUrl":"https://time.com/video/3EbwY3p1/","duration":"PT2M42S","potentialAction":{"@type":"SeekToAction","target":"https://time.com/video/3EbwY3p1/?jw_start={seek_to_second_number}","startOffset-input":"required name=seek_to_second_number"}} ```