Stolen from: http://curmudgeonlyskeptical.blogspot.com/
Posted on 07/05/2009 2:48:02 PM PDT by IbJensen
WASHINGTON - Vice President Joe Biden said the Obama administration "misread how bad the economy was" but stands by its stimulus package and believes the plan will create more jobs as the pace of its spending picks up.
Biden, in an interview airing Sunday on ABC's "This Week," said the nation's 9.5 percent unemployment rate is "much too high."
"The figures we worked off of in January were the consensus figures and most of the blue chip indexes out there," Biden said.
"We misread how bad the economy was, but we are now only about 120 days into the recovery package," Biden added. More jobs will be created in coming months, he said.
Biden noted that the $787 billion economic stimulus package was set up to spend the money over 18 months. Major programs will take effect in September, including $7.5 billion for broadband Internet service, plus new money for high-speed rail and the nation's electrical grid, he said.
Biden said it's premature to say whether the country will need a second stimulus package.
(Excerpt) Read more at msnbc.msn.com ...
Who’s “we” kimosabe?
The best thing that could be done with the porkulus is to stop it and keep what’s left.
Frontal Lobe damaged, confabulatory, verbal diarrhea mouth, neurologically impaired, certifiable lunatic, heartbeat away Biden can read?
Wow, that is news!
He misread whether a massive one trillion dollar porkulus bill would fix the problem.
I’ll bet Sarah Palin knew how bad it was getting.
Oh puh_leeze! You were telling us the was the worst economy since the Great Depression throughout the campaign. You told us we had to bailout the banks and spent $800 billion on a stimulus package. You did not misread how bad the economy was, you provided a stupid stimulus package that did not thing for the economy. $800 billion could have bought 15 million jobs if left to the private sector. But instead the stimulus did nothing but made things worse.
They didn’t “misread” a damned thing! They outright ignored every bit of advice that was contrary to the result they wanted to achieve. They are still doing it to this very moment.
Nancy Pelosi and Harry Reid have completely excluded the Republicans in their plans and remedies since The One was declared the winner, and Biden has nobody to blame but his Boss...
That's the old Clinton line.
Translation: “We misread how bad BUSH screwed up the economy. Nevermind we’re over 1/8 of the way through our term...”
Oh Plugs! Is this what you are reduced to??? Defending the policies of the man who you said a year ago wasn’t qualified to be POTUS because the office was no place for “on the job training”.
Boy, how far you have fallen! I bet you pray each night for Barry’s death so you can finally obtain the job you so desperately covet.
Ron Paul sure easily predicted the meltdown.
Come on Joe, you didn’t “misread”, you “misunderestimated”.
Stolen from: http://curmudgeonlyskeptical.blogspot.com/
Washington needs another fix to stay alive.Get the addicts out of Washington and get rid of o.These people will destroy America.
Joe, didn't you initially say you guys "guessed wrong?" Misread does sound a bit more professional.
(from my other post in a non-news thread)
Sure they did. And “FDR went on TV during the 1929 Stock Market Crash.”
I’m sure they would have never pretended to be experts just to get voted in, eh?
But, if we listen to Joe, he can fix this thing.
http://www.youtube.com/watch?v=QnKcRo8DNYY
Yep Joe, you “instilled confidence” that you know what you’re talking about.
How fitting that junior-high-school-journalist Katie Couric is the one giving the “interview”.
Good job Katie!! /sarc
I’ve gotta admit, I misjudged Hussein, too.
He’s an even bigger assclown than my initial estimate.
No sh!t, Sherlock!
I didn't misread it, and I've never been to wash dc (maybe someday I'll capitalize that again) nor am I an "economist." I do spend a little time thinking, though.
They'll get it right next time, though ... or the time after that ... or the ti ...............
Biden always seemed like a jerk but at least he appears to have a soul. The truth manages to slip out of him every so often, while amoral Obama keeps it tightly wound in his web of lies. I guess it could be worse—we could have Hillary a few hundred cigarette butts from the presidency.
Haven’t we heard all this before?
Wall Street Journal, April 30, 1993
About That Tax Cut
Candidate Clinton, campaign ad, January 1992: “I’ve offered a comprehensive plan to get our economy moving again… It starts with a tax cut for the middle class.”
Candidate Clinton, January 19, 1992: “I want to make it very clear that this middle-class tax cut, in my view, is central to any attempt we’re going to make to have a short-term economic strategy.”
President-elect Clinton, Jan. 14, 1993: “From New Hampshire forward, for reasons that absolutely mystify me, the press thought the most important issue in the race was the middle-class tax cut. I never did meet any voter who thought that.”
President Clinton, first Oval Office address, Feb. 15, 1993: “I had hoped to invest n your [the middle class’s] future… without asking more of you. And I’ve worked harder than I’ve ever worked in my life to meet that goal. But I can’t.”
Candidate Clinton, last presidential debate, Lansing, Mich., Oct. 19, 1992: “The real mistake he [President George H.W. Bush] made was the ‘read my lips’ promise in the first place. You just can’t promise something like that just to get elected if you know there’s a good chance that circumstances may overtake you.”
President-elect Clinton, press conference, Jan. 14, 1993: “We have a structural deficit that is too high. The American people would think I was foolish if I said I will not respond to changing circumstances.”
http://www.freerepublic.com/focus/f-news/2196629/posts
0bama guaranteed that if Congress passed his stimulus package right away (which they did), the unemployment rate would cap out at 8%. Today, the rate is worse than the rate 0bama used to “stress test” the banks. If you think the economy is bad now, just wait until commercial real estate craters (the number loans maturing grows exponentially over the next several years, with no hope of refinancing), one million option ARM loans reset in next three years (monthly payments could increase 10x), prime loan foreclosures still increasing, credit card losses skyrocketing, plus throw in a little swine flu scare in the fall (go to CDC web site and check the stats yourself...the pandemic is getting worse, especially in the US). The only reason continuing job claims have leveled out is that the long-term unemployed have exhausted their benefits and dropping off the dole. Plus, look at the stats released July 3...over 300,000 quit looking for work (add them in and the people who are working only part time, and the unemployment rate is over 16%).
Biden may be the biggest stooge since Al Gore.
What a maroon, with apologies to respectable maroons.
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