Posted on 06/02/2010 2:25:14 PM PDT by Sub-Driver
Stimulus has been 'an absolute success,' says VP Biden By Michael O'Brien - 06/02/10 05:06 PM ET
The Obama administration's signature stimulus program has been an "absolute success" so far, Vice President Joe Biden said Wednesday.
Biden, who heads up the administration's effort to implement the $787 billion American Recovery and Reinvestment Act (ARRA), said the legislation will have saved or created between 3 and 3.5 million jobs before the end of 2010.
"An absolute success," Biden termed the stimulus during an interview on "Charlie Rose" to air Wednesday evening. "We will create over 3.5 million or save over 3.5 million jobs before this is over."
Republicans, meanwhile, have criticized the spending program to have done little to aid employment, pointing to administration projections that unemployment would never exceed 8 percent if the law were enacted.
The current unemployment rate stands at 9.5 percent through the end of April, with jobless figures for the month of May set to be unveiled on Friday. Economists are projecting a spike of 550,000 jobs created last month, though that figure may be padded by temporary workers hired by the government to carry out the Census.
Biden, who got in trouble this week for saying that unemployment might not creep down to 6 percent for years, said this evening that it's actually "unknowable" as to when enough jobs will be created to get unemployment to that level.
"The answer to that question is unknowable for three reasons," the vice president said, pointing to the debt crisis in Europe, difficulty in measuring consumer confidence, and whether or not the U.S. economy would catch some "good breaks."
Republicans still hammered away at the administration on Wednesday, with House Minority Leader John Boehner (R-Ohio) attacking President Barack Obama in the wake of a speech by the president in Pittsburgh that took aim at the GOP's economic policies.
"The president promised his ‘stimulus’ plan would keep unemployment below eight percent and create jobs ‘immediately,’ yet the unemployment rate remains unacceptably high at 9.9 percent, millions Americans have lost their jobs since the ‘stimulus’ was enacted, and one out of 10 remain out of work," Boehner said.
He’s doing Meth!
disillusion moron.
Joe Biden is a brain dead moron.
Old Joe should be a comedian.
Did we give up when the Germans bombed Pearl Harbor?
(shhhhh - he’s on a roll)
I had to renew my car registration and the branch is located in a mini mall...I had to laugh as adjacent to the registry was a store that displayed all kinds of pipes and bongs...classic!
He's baaaack ... ;-)
‘Of Rats And Men’...
Aw, tell the story again, Joe... you know the one, the story about the Stimulus. I forget parts. I like how you tell it.....
BS comin out of Biden is richer than six foot up a bulls butt !
Doom on that POS !
Further proof these bastards can’t be honest about anything
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Posted on February 24, 2010 1:15:37 AM EST by Jet Jaguar
A stimulus plan for South Carolina. Sumter has a 15%+ unemployment rate. WCA has never hired anybody.
http://www.freerepublic.com/focus/f-bloggers/2458074/posts
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It’s been a success as much as BO/BS stopping the oil leak in the Gulf.
Brilliant, Joe. So according to your numbers, each job will cost $224,857.14. And at some point, we will have to pay all that money we borrowed back, with interest. So common sense says that if throwing all that money in the economy will create or save 3.5 million jobs, sucking all that money back out of the economy with interest will cost us more then 3.5 million!! And they say Bush and Palin are stupid!!!
>> Stimulus has been ‘an absolute success,’ says VP Biden
Yeah, good ol’ Joe is just teasing us as he knows nothing is absolute.
Let’s see, almost 10% unemployment, husband out of work 9 straight months and three before that..and that’s successful? I guess they’ve rewritten dictionaries too, epic fail means success now, okay, check.
The constant lies and corruption are infuriating, my head is going to explode. I’d like to punch those I know that voted for him, maybe that will make me feel better, lol.
JOe will probably win the Nobel this year.
He’s BRILLIANT!
</extreme sarcasm>
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