Oh No, Joe!
Remember this (link)?
(AP) Defending a costly plan to revitalize the economy, Vice President Joe Biden on Thursday said the government’s sweeping stimulus effort “is in fact working” despite steady Republican criticism and public skepticism.
“The recovery act has played a significant role in changing the trajectory of our economy, and changing the conversation in this country,” Biden said. “Instead of talking about the beginning of a depression, we are talking about the end of a recession.”
Nearly 200 days into the effort, Biden delivered an upbeat report card about the $787 billion rescue effort that President Barack Obama pushed through Congress. He quoted estimates by private analysts that the plan has created or saved 500,000 to 750,000 jobs so far. But many million people remain out of work.
The effectiveness of the two-year program is a matter of sharp political debate, and Biden sought to counter critics with a listing of tangible results.
“One of the criticisms is that it is simply a grab bag of different programs,” Biden said in a speech at The Brookings Institution. “But the fact that the recovery act is multifaceted doesn’t reflect a lack of design, it is the design.”
Hotair has (link) a recent clip where Vice President Biden says “This is a Depression. This is a Depression”. Joe Biden was really put in place in 2008 to make the working-class union guys comfortable with the radical Obama. Now that he’s served that purpose, I’d expect to see him get some unforeseen health issue before 2012.
BadIdeaGuy on October 20th 2009 in Accurate Predictions, Bad Ideas, PBO, economy