WASHINGTON - Vice President Joe Biden said Sunday that âeveryone guessed wrongâ on the impact of the economic stimulus, but he defended the administrationâs spending designed to combat rising joblessness. Biden said inaccuracies in unemployment predictions shouldnât undercut the White Houseâs support of the $787 billion economic revival plan that has not met the expectations of President Obamaâs team. Just 10 days before taking office, Obamaâs top economic advisers released a report predicting unemployment would remain at 8 percent or below through this year if an economic stimulus plan won congressional approval. Yet the Bureau of Labor Statistics reports that unemployment in May rose to 9.4 percent. Biden said the White House is keenly aware of the gap between the rhetoric used to sell fast passage of the legislation and the reality that has 14.5 million people unemployed. The administration had predicted that the stimulus bill would create or save as many as 3.5 million jobs. ______________________________ Obama and Biden were wrong......They lied Once the bill was read everyone knew it was no stimulus. Now Obama wants us to trust his numbers on Health policy.... Let the impeachment begin.
clueless and inept. The media will not be able to stop the wolves from howling. "we will hit the ground running with bold action." lol. his resignation will do.
I personally saved 6 million jobs just yesterday. And without a dime of taxpayer money. It's no surprise to see who buys into the "created or saved" garbage.
The idea of "stimulus" originated with like a $150 billion spending thing in 2007 or something. Did not work. Did they look at Japan? All the spending they can do will only create a flash in the pan.