Recovery Summer Vacation

The Foundry: Morning Bell ^ | July 2, 2010 | Conn Carroll

[Freedom Frayed]

On June 17, Vice President Joe Biden crashed the daily White House press briefing to kick off the Obama administration’s “Recovery Summer,” a six-week-long campaign to promote the belief that “the Recovery Act is working.” VP Biden claimed: “We knew that the hole dug by the recession that was created by the policies of the last administration resulted in a loss, a real loss of somewhere between $2 trillion and $3 trillion in the economy. We never thought that $787 billion was going to fill those holes — that hole.”

There are so many things wrong with this statement, but we’ll identify just three: 1) according to the Congressional Budget Office, the cost of Obama’s stimulus has soared past $787 billion and now stands at $862 billion; 2) data show that as bad as Biden makes the current recession out to be, more jobs were lost in the first seven quarters of the 2001 recession than were lost in the first seven quarters of this recession; 3) Biden’s personal economic adviser, Jared Bernstein, co-authored a January 9, 2009, report promising the American people that the Obama stimulus would never allow unemployment to rise above 8% and guaranteeing that the U.S. economy would support 138.6 million jobs by December 2010.

[GalaxieFiveHundred]

We knew that the hole dug by the recession that was created by the policies of the last administration...

Joe, you're needed back in the major tools' aisle, STAT!

[NaughtiusMaximus]

Biden and the Dems in Congress are so full of it they spew like a BP gusher.

[Gabrial]

Laughingstock Biden may find someone stupid enough to buy into his steaming pantload of lies, but he is going to have look far and wide.

[Freedom Frayed]

Really, this is the agenda that O is promoting. He was just in Racine, WI. where there is 14% unemployment talking about the economy, and guess who’s fault it is that the economy is failing? Not his, of course, (it’s Bush’s fault).

Biden is promoting O’s agenda....

and apparently they believe that the American public are unable to see past their lies and deceptions, and that’s true for those blinded by O’s brilliance, (but for the most part, only the illegals remain in that category, and the racially bigoted who wanted a “black” president, (no matter who he was, where he’s from, or what he would like to see happen to U.S., and is causing to happen.) p.s. Keep in mind, Biden warned U.S!