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Biden: We 'Misread the Economy'
ABC News blogs ^ | 7-5-2009 | George Stephanopoulos

Posted on 07/05/2009 11:04:22 AM PDT by Danae

Big admission from Vice President Joe Biden today.

"The truth is, we and everyone else misread the economy," Biden told me during our exclusive "This Week" interview in Iraq.

Biden acknowledged administration officials were too optimistic earlier this year when they predicted the unemployment rate would peak at 8 percent as part of their effort to sell the stimulus package. The national unemployment rate has ballooned to 9.5 percent in June -- the worst in 26 years.

(Excerpt) Read more at blogs.abcnews.com ...


TOPICS:
KEYWORDS: bho44; bhoeconomy; biden; blunders; disaster; economy; noshitsherlock; obama; vpbiden
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To: Danae

I think we can safely predict their next propaganda move.

They “misread the economy” because Bush can’t spell.


21 posted on 07/05/2009 11:12:47 AM PDT by Cicero (Marcus Tullius)
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To: Danae
they predicted the unemployment rate would peak at 8 percent

They may have been right if they were able to refrain from a uncontrolled government spending accompanied by new taxes and regulations

22 posted on 07/05/2009 11:13:04 AM PDT by paul51 (11 September 2001 - Never forget)
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To: hflynn
The big news here is that Joe Biden can read.

Actually, all we know is that he can misread.

23 posted on 07/05/2009 11:14:12 AM PDT by TheWasteLand
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To: Danae
Hey Joe, your own President was talking about shovel-ready programs before he was even President. In fact, we've seen most of that stimulus money just sit, doing nothing. Your promise of holding unemployment to 8% if the plan was passed was false.

Tell us, Joe, are you and the President lying about what happened, or are you just incompetent? I'm willing to give you the benefit of the doubt and say you're not doing it on purpose, so it's either that you were misleading the American people back in December, January, and February, or you're just incompetent. Your choice!

24 posted on 07/05/2009 11:17:39 AM PDT by PugetSoundSoldier (Indignation over the sting of truth is the defense of the indefensible)
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To: Danae

Does anyone have the Joe campaign quote to the effect that You will think we are completely wrong and if you wait you will see that we got it right. OSSTTE


25 posted on 07/05/2009 11:18:58 AM PDT by OldEagle
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To: djsherin

And the threat of high-cost, scarce energy, nationalized healthcare, expiration of Bush tax cuts, and the prospect of enormous tax hikes at almost every state and federal level is going to keep the economy in the toilet for a long, long time.


26 posted on 07/05/2009 11:19:16 AM PDT by ProtectOurFreedom
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To: Danae

Yup, if they had cut taxes instead of passing their Porkulus bill, they would be in better shape.


27 posted on 07/05/2009 11:19:26 AM PDT by expatpat
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To: Danae
Next weeks crisis.

SSDD



No D.O. can cover the stench of my B.O.!

Oh Yeah

Thank You Satan 1:50

28 posted on 07/05/2009 11:19:53 AM PDT by rawcatslyentist (<P>Oh Yeah<P><a href="http://www.youtube.com/watch?v=ajsov1M4h50"> Thank You Satan 1:50</a>)
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To: muawiyah
This is the OBAMA DEPRESSION.

Right you are. And Obama misread nothing.

He wants the destroy this country, and bring it down into a "turd world" banana republic.


29 posted on 07/05/2009 11:22:21 AM PDT by FormerACLUmember
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To: hflynn

Same thing I was thinking. We know he has to plagiarize to write, but damn, little Joey can read.


30 posted on 07/05/2009 11:22:29 AM PDT by ameribbean expat
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To: rawcatslyentist
Funniest thing I have seen in ages!


31 posted on 07/05/2009 11:24:39 AM PDT by FormerACLUmember
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To: Danae

The economy didn’t start to tank untill the JACKASS party took the majority after the 2006 election. They’ve done their damage to purposely create Joe Biden’s “manufactured crisis” and continue to make it worse as to tear down our system of government as to not allow the “crisis go to waste” (as quoted from Rahmbellina) and replace with their chosen socialism.

How much more “hope and change” can we stand from the “most (un)ethical administration in history”.


32 posted on 07/05/2009 11:25:39 AM PDT by RasterMaster (DUmocrats - the party of slavery, sedition, subversion, socialism & surrender)
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To: Danae

If anyone thinks these globalist a-holes were taken by surprise, I have some Lehman Bros stock for sale.

This is going precisely according to plan. They will take every crisis opportunity to expand their violations of the Constitution and cement their hold on us.


33 posted on 07/05/2009 11:27:32 AM PDT by ovrtaxt (Truly Constitutional money isn't just backed by gold and silver- it IS gold and silver.)
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To: muawiyah

Democrats caused the Great Depression.

They have caused the Depression that is now inevitable.

Yet they still attack the free market with a straight face.


34 posted on 07/05/2009 11:28:14 AM PDT by Ghost of Philip Marlowe (The most dangerous fascists are those with a warm smile and soothing voice.)
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To: Danae
This is 100% hussein and the evilcrat's economy... you wanted it... you warned that your way was the only way to save us... you sold it like the snake-oil salesmen that you are... your actions have made things worse to the tenth power... so you and your party eat your sh!t pie joe!

LLS

35 posted on 07/05/2009 11:28:32 AM PDT by LibLieSlayer (hussein will NEVER be my President... NEVER!!!)
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To: Danae
They're "misreading"...

health care.

And Iran.

And North Korea.

And getting into this much debt.

And Frannie and Freddie.

And...

36 posted on 07/05/2009 11:28:48 AM PDT by GOPJ (Raped five year olds can get press at the Washington Post -if we can raise the money to buy access.)
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To: Danae

Hey Joe:

You won!


37 posted on 07/05/2009 11:29:01 AM PDT by Anitius Severinus Boethius
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To: FormerACLUmember

Exactly. Bush set the table, now Barry is shoveling the BS down our throats.


38 posted on 07/05/2009 11:29:10 AM PDT by ovrtaxt (Truly Constitutional money isn't just backed by gold and silver- it IS gold and silver.)
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To: Danae

“Biden: We ‘Misread the Economy’”

Good, then you need to be fired just like your Administration TOOK OVER GM AND FIRED THEIR CEO for misreading his company’s finances.


39 posted on 07/05/2009 11:32:26 AM PDT by autumnraine (Freedom's just another word for nothing left to lose- Kris Kristoferrson)
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To: Danae

When Bush entered office the economy was slowing and he and his administration knew exactly what to do to pull it out and they did. The donkeys are idiots...


40 posted on 07/05/2009 11:38:00 AM PDT by shield (A wise man's heart is at his RIGHT hand;but a fool's heart at his LEFT. Ecc 10:2)
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