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What You Might Not Know About the Recovery, (by Joe Biden)
NY Times ^ | July 26, 2009 | Joe Biden

Posted on 07/26/2009 6:01:58 AM PDT by Oldeconomybuyer

SIX months ago, when President Obama and I took office, we were confronted with an economic crisis unparalleled in our lifetime. As the person leading the administration’s efforts to put the Recovery Act into effect, I want to set the record straight.

The Recovery Act is not the cure for all our economic ills — no single piece of legislation could be. But how many government initiatives can point to both large numbers of projects coming in under budget and a Government Accountability Office finding that we are ahead of schedule in key areas?

It is true that the act’s effort to address multiple problems simultaneously makes it an easy target for second-guessing. Critics have argued that the tax cuts are too small (or too large); that too much (or not enough) aid is going to rural areas; that too little (or too much) is being spent on roads. Recently, some have even criticized the act for helping support soup kitchens and food banks.

But the way I see it, our balanced approach recognizes that there is no silver bullet, no single thing, that can address the many and complex needs of America’s vast economy. We need relief, recovery and reinvestment to cope with our multifaceted crisis — and only 159 days after it was signed by President Obama, the Recovery Act is already at work providing all three.

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


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: hairplug; obamanomics; porkulus; socialism


1 posted on 07/26/2009 6:01:58 AM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

which, being translated, means: we were handed a shitload of funds appropriated by the previous administration to handle the problem and then we got a bunch more and haven’t done anything with them, we have to tell you we’re making progress, hence this line of crap I’m giving you.


2 posted on 07/26/2009 6:05:42 AM PDT by the invisib1e hand (The revolution IS being televised.)
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To: Oldeconomybuyer

The admin says the recession is over folks.

Don’t expect the media to hold it over their heads in 6 months or a year either.


3 posted on 07/26/2009 6:05:50 AM PDT by GeronL (Guilty of the crime of deviationism.)
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To: GeronL

We inherited some minor problems and have done our best to turn them into major problems.

Our health care Obamadeathathon should cure the ills of Social Security by letting Senior Citizens die. and Our cap and trade should put small business out of business, and increase your electric bill.


4 posted on 07/26/2009 6:08:39 AM PDT by Venturer
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To: Oldeconomybuyer
There are lies, damn lies, and Joe Biden lies.

Porkulous is a disaster. Team O is a disaster.

-11, Joe. Deal with it.

5 posted on 07/26/2009 6:11:05 AM PDT by MaestroLC ("Let him who wants peace prepare for war."--Vegetius, A.D. Fourth Century)
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To: Oldeconomybuyer
Hey Joe, what I do know is more than enough.

You hitched your wagaon to a team that is willfully destroying the free market. That is what the stimulus, the bail-outs, the health plan and the Cap & Trade are really all about.

And they are going to build a marxist command economy on its ashes.

A PETITION FOR CONSTITUTIONAL RESTORATION

THE AUDACITY OF TRUTH ABOUT BARACK HUSSEIN OBAMA

A 4TH OF JULY TEA PARTY SPEECH

...and on the lighter side, take your mind off the Obamanation for a few minutes and enjoy some beautiful Western US scenery slideshows.

JEFF HEAD'S WESTERN US SCENERY SLIDE SHOWS

6 posted on 07/26/2009 6:11:37 AM PDT by Jeff Head (Freedom is not free...never has been, never will be. (www.dragonsfuryseries.com))
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To: Oldeconomybuyer

Its Bush’ Fault. Joke Biden is algore w/o the Common Sense.

Pray for America and Our Troops


7 posted on 07/26/2009 6:14:52 AM PDT by bray (The messiah has no robe)
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To: the invisib1e hand

The thing I DO know about the recovery is - there hasn’t been one.

The train wreck is only now starting to happen. Sheer inertia keeps the cars further back along the track rolling forward and piling up on top of the wreckage already there.

The Biden statements that actually reflect reality, are also the most revealing about the “transparency” of this now failing nascent obama regime.

There isn’t any.


8 posted on 07/26/2009 6:20:34 AM PDT by alloysteel (Never let an inanimate object know that you are in a hurry.)
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To: Oldeconomybuyer

The fact that this crap is published in the Slimes tells all there is to know about its veracity.


9 posted on 07/26/2009 6:28:29 AM PDT by depressed in 06 (Idiotcracy had arrived 400 years early.)
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To: Oldeconomybuyer
SIX months ago, when President Obama and I took office, we were confronted with an economic crisis unparalleled in our lifetime caused by the reckless spending the (d) congress starting in 2006.

Hey Joe, having you and zer0 in charge of fixing the economy is like having Stevie Wonder being a guide for 50 people crossing an interstate highway in a driving rainstorm during rush hour.

10 posted on 07/26/2009 6:32:28 AM PDT by Arrowhead1952 (Jimmy Carter - now the second worst POTUS ever. BHO has #1 spot in his sights.)
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To: Oldeconomybuyer

BURRRRRRRPPPPPP!!!!!!!!!!!!!!!!!

Ahhhhhhhhhhhhhhh...............

Nothing like a refreshing Biden Bromide first thing in the morning.....


11 posted on 07/26/2009 6:44:59 AM PDT by Bean Counter ( Shovel ready...)
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To: Oldeconomybuyer

This entire “government” is completely delusional. MORONS!


12 posted on 07/26/2009 7:23:43 AM PDT by Artie (Why are methadone addicts the happiest people on earth?)
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To: Oldeconomybuyer

Thank God Biden is leading the recovery effort, or we’d be in deep doodoo!


13 posted on 07/26/2009 7:27:30 AM PDT by FastCoyote (I am intolerant of the intolerable.)
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To: Oldeconomybuyer

14 posted on 07/26/2009 7:43:06 AM PDT by jws3sticks (Sarah Palin forever!)
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To: jws3sticks

that picture of Obiden cracks me up! :}


15 posted on 07/26/2009 7:44:53 AM PDT by Ditter
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