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Biden: 'We Misread How Bad the Economy Was'
Foxnews ^ | 7/5/2009 | Staff

Posted on 07/05/2009 7:12:12 AM PDT by Red in Blue PA

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.

(Excerpt) Read more at foxnews.com ...


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1 posted on 07/05/2009 7:12:12 AM PDT by Red in Blue PA
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To: Red in Blue PA

0bama’s fault.


2 posted on 07/05/2009 7:13:12 AM PDT by Drango (A liberal's compassion is limited only by the size of someone else's wallet.)
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To: Red in Blue PA

Misread? Then you’re not qualified for the position you have obtained. Do us a favor and step aside and let the grownups run things.


3 posted on 07/05/2009 7:13:22 AM PDT by stboz
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To: Red in Blue PA

Is that right ,Joe. If you believe this guy ,you’ll believe that tomorrow when I get up ,I’ll look 20 years younger and vote Democrat! Hahahahaaaaa....


4 posted on 07/05/2009 7:14:15 AM PDT by Disgusted in Texas
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To: Red in Blue PA

Trotsky’s fault.


5 posted on 07/05/2009 7:15:20 AM PDT by 2 Kool 2 Be 4-Gotten
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To: Red in Blue PA

Biden, you’re much more of a moron than we realized you were...


6 posted on 07/05/2009 7:16:23 AM PDT by RockinRight (Obama: Math is hard, so we just make sh-t up.)
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To: Red in Blue PA

Obviously a lie, but just what the media wants. They will pick it up and run with it and that will be the standard talking points.


7 posted on 07/05/2009 7:16:52 AM PDT by Leftism is Mentally Deranged
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To: Red in Blue PA

You didn’t misread anything Biden, you steaming bag of dung.

You and the Kenyan are systematically destroying the lives of productive citizens.

You all need to be impeached and prosecuted for fraud.

Hope and change is communism and we know it.


8 posted on 07/05/2009 7:16:55 AM PDT by dforest (Anyone dumb enough to have voted for him deserves what they get.. No Pity!)
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To: Red in Blue PA
Say it ain't so, Joe.

You kicked the economy when it was down with every socialist bill that's come across your boss's desk. Now that it's still lying on the ground, and people are asking questions, the excuses come out. I'm glad the backpedaling is starting now, because the American people need to get used to you admitting you're clueless.

9 posted on 07/05/2009 7:17:15 AM PDT by Steel Wolf (Oh, well. Back to the drawing board....)
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To: 2 Kool 2 Be 4-Gotten

“Trotsky’s fault”

ROTFLMAO


10 posted on 07/05/2009 7:17:57 AM PDT by stephenjohnbanker (Pray for, and support our troops(heroes) !! And vote out the RINO's!!)
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To: Red in Blue PA
BS - they didn't "misread" anything.

Their intent is to destroy our nation.

Pure and simple.

11 posted on 07/05/2009 7:18:07 AM PDT by Allegra ( Socks)
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To: Red in Blue PA

Misread? You really mean, you lied. If you Dems can claim Bush lied about Iraq, then it’s obvious you guys lied about what you knew about the condition of the economy.


12 posted on 07/05/2009 7:19:38 AM PDT by mass55th (Courage is being scared to death - but saddling up anyway...John Wayne)
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To: Red in Blue PA

Misread?!

That sounds like a Katherine Weymouth/WaPoGate excuse.


13 posted on 07/05/2009 7:21:43 AM PDT by maggief
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To: stephenjohnbanker

I was wondering if anyone would get that comment - thanks!


14 posted on 07/05/2009 7:22:12 AM PDT by 2 Kool 2 Be 4-Gotten
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To: Red in Blue PA

The village idiot can read?


15 posted on 07/05/2009 7:23:05 AM PDT by Rumplemeyer
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To: Red in Blue PA
More jobs will be created in coming months

Any jobs created in the coming months will be better that how they have done so far.

16 posted on 07/05/2009 7:23:10 AM PDT by 17th Miss Regt
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To: Red in Blue PA
Vice President Joe Biden said the Obama administration "misread how bad the economy was".

No, you didn't, Joe - You planned and implemented a scheme to destroy the economy and it's working perfectly. Perhaps you underestimated the negative effects of your sudden leap towards fascism and socialism.

17 posted on 07/05/2009 7:23:58 AM PDT by meyer ( "The world is a beautiful place and worth fighting for. But not without Freedom.")
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To: Red in Blue PA

“More jobs will be created in coming months, he said.”

Thought they were “shovel ready” and just waiting for you guys to dole out the cash. Keep talking, Joe.


18 posted on 07/05/2009 7:24:06 AM PDT by Heart of Georgia
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To: Red in Blue PA

“WE misapprehenconstrued the economy.”


19 posted on 07/05/2009 7:24:39 AM PDT by stephenjohnbanker (Pray for, and support our troops(heroes) !! And vote out the RINO's!!)
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To: meyer

“No, you didn’t, Joe - You planned and implemented a scheme to destroy the economy and it’s working perfectly. Perhaps you underestimated the negative effects of your sudden leap towards fascism and socialism. “

We have a winner!


20 posted on 07/05/2009 7:26:16 AM PDT by stephenjohnbanker (Pray for, and support our troops(heroes) !! And vote out the RINO's!!)
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