Presidential town hall debate excerpts – Mitt Romney on long-term unemployed workers

Edited by Jenny Jiang

Excerpts from the presidential town hall debate at Hofstra University in Hempstead, New York on Oct. 16, 2012

Transcript of Republican presidential nominee Mitt Romney’s remarks on helping long-term unemployed workers

Moderator Candy Crowley: We’re looking at a situation where 40 percent of the unemployed have been unemployed have been unemployed for six months or more. They don’t have the two years that Jeremy [sic] has. What about those long term unemployed who need a job right now?

Gov. Mitt Romney: Well what you’re seeing in this country is 23 million people struggling to find a job. And a lot of them, as you say, Candy, have been out of work for a long, long, long time. The president’s policies have been exercised over the last four years and they haven’t put Americans back to work.

We have fewer people working today than we had when the president took office. If the — the unemployment rate was 7.8 percent when he took office, it’s 7.8 percent now. But if you calculated that unemployment rate, taking back the people who dropped out of the workforce, it would be 10.7 percent.

We have not made the progress we need to make to put people back to work. That’s why I put out a five-point plan that gets America 12 million new jobs in four years and rising take-home pay. It’s going to help Jeremy [sic] get a job when he comes out of school. It’s going to help people across the country that are unemployed right now.

And one thing that the president said, which I want to make sure that we understand, he said that I said we should take Detroit bankrupt. And that’s right. My plan was to have the company go through bankruptcy like 7-Eleven did and Macy’s and Condell (sp?) Airlines and come out stronger.

And I know he keeps saying, you want to take Detroit bankrupt. Well, the president took Detroit bankrupt. You took General Motors bankrupt. You took Chrysler bankrupt. So when you say that I wanted to take the auto industry bankrupt, you actually did.

And I think it’s important to know that that was a process that was necessary to get those companies back on their feet, so they could start hiring more people. That was precisely what I recommended and ultimately what happened.

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