Posted on 07/05/2009 12:23:03 PM PDT by Federalist Patriot
Here is video of Vice-President Joe Biden admitting today on This Week with George Stephanopoulos that the Obama Administration "misread" the economy earlier this year when the pushed the stimulus bill. The administration thought Unemployment would not exceed 8% this year, and it is now 9.5%. They also discussed some economists who say there is a need for another stimulus package! Oh brother - if the first one did not work, do it again! . . . . (Watch Video)
(Excerpt) Read more at freedomslighthouse.com ...
Liberal Translation —> WE GOT CAUGHT IN THE ACT OF RAPING AMERICA AND WE DIDN’T THINK ANYONE WOULD CARE!
And that’s really Biden’s way of saying “we’re sorry” but hey, it was all that Bush guy’s fault anyway!! Just like the Nazis burning the Reichstag and then blaming it on the Jews. The Dems rape America and blame it on Republicans.
DUH! Biden is about as dumb as they come.
(Joe Biden)Yeah, we mis-read the economy. We blew a Trillion dollars in a “Central Command & Control” effort, and have made things worse.
But, gird your loins and trust us, the GM thing and the Health care thing will work out just fine!
To borrow from the immortal words of Theresa Heinz Kerry, "'Effing' Idiot!!!"
Spot on! The sad part is about half the people in this country won't open their eyes and realize the lies that are being told by the laimstream media. The 'Pubbies certainly have had their role in the current state of affairs, including GWB, but the past six months and the quadrupling of the deficit thanks to porkulous is all Obamalamadingdong and the overwhelmingly Democrat majority in Congress. They own it......
(the Obama Administration “misread” the economy earlier this year)
...and to top THAT off...they didn’t even bother to read the Crap and Trade bill.
Thanks for the ping!
0bama is figuring on a Kenyan solution, not a Keynesian one. Actually, his model would be the “prosperous” country formerly known as Rhodesia..
POINT ONE On June 9 President Obama called a press conference to announce, "Several financial institutions are set to pay back $68B to taxpayers." While Mr. Obama's announcement was welcome news, it was assumed that any money or profit would be returned to the general funds from whence it had come in order to pay down the debt. The truth, however, is that the money returned by the banks is finding new life as part of what amounts to a Treasury Department-controlled slush fund.
POINT TWO We keep reading and hearing Congress rushed to approve the "$787 billion stimulus package" early this year, but very little of it has been used. Now uber-Lobbyist Thomas Hale Boggs, Esq (Patton Boggs) was interviewed by nightly network news last week. Boggs said there's $2 TRILLION federal stimulus waiting to be distributed..... AND that he is getting unprecendented numbers of calls from all over the US......from those who want a piece of it. Boggs is the son of former Cong Hale Boggs and sister of ABC-TV commentator Cokie Roberts.
POINT THREE Obama tapped VP Joe Biden to "allocate" the stimlulus $$trillions. Biden's family was involved with Texas financier H. Allen Stanford, now charged with an $8 billion offshore fraud, the WSJ said. The Bidens $50 million fund was jointly branded between the Bidens' Paradigm Global Advisors LLC and a Stanford Financial Group entity, and was known as the Paradigm Stanford Capital Management Core Alternative Fund, the paper said. Stanford-related companies marketed the fund to global investors and also invested about $2.7 million of their own money in the fund, the paper said, citing a lawyer for Paradigm.......... Paradigm Global Advisors is owned through a holding company by the VP's son, Hunter, and Joe Biden's brother, James, according to newspapers.
POINT FOUR How can this be legal? A jaw-dropping policy the White House released late on a Saturday afternoon........hoping we would not notice. "Following OMB’s review, the Obama Administration has decided to make a number of changes to the rules that we think make them even tougher on special interests and more focused on merits-based decision making. First, we will expand the restriction on oral communications to cover all persons, not just federally registered lobbyists. For the first time, we will reach contacts not only by registered lobbyists but also by unregistered ones, as well as anyone else exerting influence on the process. We concluded this was necessary under the unique circumstances of the stimulus program."
POINT FIVE The Reserve Primary Fund's recent failure was "a tragedy" said Crane Data. Without details, sounds like a very strange charge. It may just be a diversion and scapegoating in a broad "War on Wall Street" that Obama, Soros and FDIC's Sheila Bair, among others, are engaged in right now, to get complete control of our financial system.
“Liberal Translation —> WE GOT CAUGHT IN THE ACT OF RAPING AMERICA AND WE DIDN’T THINK ANYONE WOULD NOTICE!
Minor change.
Bump
Thanks justiceseeker93.
Joe Biden actually has his own VP staff economist, his name is Bernstein, he’s on cable tv shows a lot spouting liberal talking points:
http://en.wikipedia.org/wiki/Jared_Bernstein
Notice he has degrees in music and social work, not economics, LOL.
I wonder if Bernstein will get a poor performance review this year for his mis-analysis of the economy? / SARC
“I wonder if Bernstein will get a poor performance review this year for his mis-analysis of the economy? / SARC”
Or a lousy review from a D.C. music critic??
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