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.
Heh, heh, heh... one and the same. One of the two was lame.
The guy in the wheel-chair still had his faculties.
I don’t understand. You take money out of the economy then put it back in and say it’s a success??? Why not just leave the money in there in the first place ... but then, I’m not a politician so what do I know ....
Joe is right. You have to understand that by success, he is talking about crippling our nation and putting us in perpetual debt. When you realize that a strong economy and fiscally responsible Government is NOT what he is refering too, you realize, he’s telling the absolute truth.
That is why I mourn our nation.
Someone needs to update that graph.
The Dems can ride that “success” right into November.
The ones up for re-election are squirming bigtime.
Biden has probably doubled his retirement payout since the stimulus was created.
Actually he said absolute f-ing success.
963 days and this national nightmare is over!
Because you are too conservative. :)
Why, hundreds of thousands of 0bamabots are being given these high playing jobs in all these new (is it) 130 new departments that are being created to implement 0bamacare alone.
We haven't even mentioned all these massive numbers ‘green jobs’ 0bama and Van Jones keep boasting about all the time.
“Stimulus has been ‘an absolute success,’ says VP Biden”
That is the best joke I have heard all day. Bwahahahahahahahahaha, hehehehehe, snort, snort, hahahahahahahahaha, snicker, snicker. That Joe is a real crack-up.
I guess one can afford to look at the world through rose-colored glasses when he somehow manages to become a Senator and Vice President of the USA, despite being a buffoon.
Liberals spending $Trillions any way they want is their very definition of ‘an absolute success’.
I can “claim” to have saved or created 3.5 million jobs myself.
It’s about as valid.
perhaps he could tell us the three biggest indicators that back up his Biden-Grade bullsh!t!!!
So their intent was to shrink private sector payrolls and massively expand government job payrolls?
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