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 like a character from The Beverly Hillbillies.
You know what Biden and a 100 pound bag of organic fertilizer have in common?
They’re both full of S**T!
I believe this was one of Joe’s ID-10-T errors!
How does Ozeromubumbos second in moronicity measure success -debt accumulated?
“I fail to see any evidence that shock therapy has helped Joe Biden.”
I have to agree, but in my professional opinion, he just needs MORE treatment! You know, just like the American economy only needs more stimulus! /s
I like your thinking bud. Har...
guess Joe Biden is still drinking heavily.
“He’s like a character from The Beverly Hillbillies.”
Except THEIR White House was paid for with their own money! And, they didn’t claim to be geniuses (except for Jethro - but remember he did finish the 6th grade)!!
"Jes' chillin' out."
ITEM Mother Jones mag reports the actual cost of the stimulus, TARP, whatever, is $14 TRILLION.
ITEM HOW DID GANGSTER GOVERNMENT SCAM $14 TRILLION? PROBABLY LIKE THIS (the Madoff MO): Creating a labyrinth of interrelated international funds, institutions and financial entities of almost unparalleled complexity and breadth......with assets and businesses in miltiple places overseas that hid thievery, money launderering and tax evasion. At least half a dozen people in the Obama admin are going to walk away from “ Public Service “ living like the Sultan of Brunei.
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ITEM Obama tapped VP Joe Biden to "allocate" the stimulus $$trillions. Biden's family was involved with Texas financier H. Allen Stanford, now charged with an $8 billion offshore fraud, the WSJ said. The Bidens $50 million fund was jointly branded between the Bidens' Paradigm Global Advisors LLC and a Stanford Financial Group entity, and was known as the Paradigm Stanford Capital Management Core Alternative Fund, the paper said. Stanford-related companies marketed the fund to global investors and also invested about $2.7 million of their own money in the fund, the paper said, citing a lawyer for Paradigm.......... Paradigm Global Advisors is owned through a holding company by the VP's son, Hunter, and Joe Biden's brother, James, according to newspapers.
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ITEM How can this be legal? A jaw-dropping policy the White House released late on a May Saturday afternoon........hoping we would not notice. "Following OMB’s review, the Obama Administration has decided to make a number of changes to the rules that we think make them even tougher on special interests and more focused on merits-based decision making. First, we will expand the restriction on oral communications to cover all persons, not just federally registered lobbyists. For the first time, we will reach contacts not only by registered lobbyists but also by unregistered ones, as well as anyone else exerting influence on the process. We concluded this was necessary under the unique circumstances of the stimulus program."
ITEM On June 9, 2009 Obama called a press conference to announce, "Several financial institutions are set to pay back $68B to taxpayers." Reasonable people (taxpayers) assumed that any money or profit would be returned to the general funds from whence it had come .......in order to pay down the debt. The truth, however, is that the money returned by the banks is finding new life as part of what amounts to a Treasury Dept-controlled slush fund.
ITEM Obama's obsessive reach for "healthcare reform" confirms reform is another trillion dollar govt slush fund for hand-picked insiders.......ACORN, Soros, SEIU. Keep in mind---COS Rahm Emanuel and his brother Dr Zeke--are in charge of the healthcare trillions.
It was a success at lining the pockets of selected liberals....
Successful in raping the American taxpayer for generations to come. Successful in systematically destroying the American way of life.
Rahm should have plugged Biden’s mouth with quick-setting concrete a long time ago.
“This ship is unsinkable. God himself could not sink it.”
The maiden voyage of Titanic was fabulous!!!...oh, except for........
9 - 10% unemployment == success
just so long as we have that straight
so... 4-6% would be outstanding, right?
No, no, you weren't listening to the media during the Bush years, those were all "McJobs" not really worth counting.
The Sestak mess proves Obama can’t create even one job.
You know, I remember watching some low budget horror tv show way back when where Stacey Keach gets a miraculous hair transplant. The twist was that the hairs are actually little alien creatures that take over your mind and control your thoughts after a while.
Kind of a silly story, but I was thinking that just might explain an awful lot about Biden and the things he’s been saying of late, y’know? ;-)
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