Skip to comments.Biden: We 'Misread the Economy'
Posted on 07/05/2009 11:04:22 AM PDT by Danae
Big admission from Vice President Joe Biden today.
"The truth is, we and everyone else misread the economy," Biden told me during our exclusive "This Week" interview in Iraq.
Biden acknowledged administration officials were too optimistic earlier this year when they predicted the unemployment rate would peak at 8 percent as part of their effort to sell the stimulus package. The national unemployment rate has ballooned to 9.5 percent in June -- the worst in 26 years.
(Excerpt) Read more at blogs.abcnews.com ...
I think we can safely predict their next propaganda move.
They “misread the economy” because Bush can’t spell.
They may have been right if they were able to refrain from a uncontrolled government spending accompanied by new taxes and regulations
Actually, all we know is that he can misread.
Tell us, Joe, are you and the President lying about what happened, or are you just incompetent? I'm willing to give you the benefit of the doubt and say you're not doing it on purpose, so it's either that you were misleading the American people back in December, January, and February, or you're just incompetent. Your choice!
Does anyone have the Joe campaign quote to the effect that You will think we are completely wrong and if you wait you will see that we got it right. OSSTTE
And the threat of high-cost, scarce energy, nationalized healthcare, expiration of Bush tax cuts, and the prospect of enormous tax hikes at almost every state and federal level is going to keep the economy in the toilet for a long, long time.
Yup, if they had cut taxes instead of passing their Porkulus bill, they would be in better shape.
No D.O. can cover the stench of my B.O.!
Right you are. And Obama misread nothing.
He wants the destroy this country, and bring it down into a "turd world" banana republic.
Same thing I was thinking. We know he has to plagiarize to write, but damn, little Joey can read.
The economy didn’t start to tank untill the JACKASS party took the majority after the 2006 election. They’ve done their damage to purposely create Joe Biden’s “manufactured crisis” and continue to make it worse as to tear down our system of government as to not allow the “crisis go to waste” (as quoted from Rahmbellina) and replace with their chosen socialism.
How much more “hope and change” can we stand from the “most (un)ethical administration in history”.
If anyone thinks these globalist a-holes were taken by surprise, I have some Lehman Bros stock for sale.
This is going precisely according to plan. They will take every crisis opportunity to expand their violations of the Constitution and cement their hold on us.
Democrats caused the Great Depression.
They have caused the Depression that is now inevitable.
Yet they still attack the free market with a straight face.
And North Korea.
And getting into this much debt.
And Frannie and Freddie.
Exactly. Bush set the table, now Barry is shoveling the BS down our throats.
“Biden: We ‘Misread the Economy’”
Good, then you need to be fired just like your Administration TOOK OVER GM AND FIRED THEIR CEO for misreading his company’s finances.
When Bush entered office the economy was slowing and he and his administration knew exactly what to do to pull it out and they did. The donkeys are idiots...