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Stimulus has been 'an absolute success,' says VP Biden
The Hill ^

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.


TOPICS: Breaking News; Front Page News; Government; News/Current Events
KEYWORDS: bho44; bhostimulus; bidet; jobs; porculus; porkulus; slowjoe; vpbiden
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To: a real Sheila

We know Joe had brain surgery. Could it be that his human brain was replaced by the brain of a flat worm? Enquiring minds want to know.


101 posted on 06/03/2010 4:14:40 AM PDT by hal ogen ($10 (I think) amounts through the internet from all over the world.)
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To: Sub-Driver
Weekly UE claims for this week: 453,000 new claims.

Figures just released.
102 posted on 06/03/2010 5:35:09 AM PDT by TomGuy
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To: Sub-Driver

103 posted on 06/03/2010 5:49:24 AM PDT by Dubya-M-DeesWent2SyriaStupid!
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To: Sub-Driver

104 posted on 06/03/2010 5:54:51 AM PDT by Dubya-M-DeesWent2SyriaStupid!
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To: Mad_Tom_Rackham

It’s depressing, isn’t it? As I read this, I couldn’t help but just get so disgusted. A carnival barker is representing our great country...


105 posted on 06/03/2010 6:15:49 AM PDT by gibsosa
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To: Danae

Biden is the only person I know who actually thinks better after smoking his bong.


106 posted on 06/03/2010 6:28:50 AM PDT by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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To: Sub-Driver

Biden is an absolute idiot


107 posted on 06/03/2010 6:29:47 AM PDT by surfer (To err is human, to really foul things up takes a Democrat, don't expect the GOP to have the answer!)
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To: rcrngroup

Damn good point. No need to emulate the terminally stupid!


108 posted on 06/03/2010 6:48:41 AM PDT by Danae (Don't like the Constitution, try living in a country with out one.)
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To: Vigilanteman

LOL

That right there is one damn scary thought.... I am thinking of the spiders who are given things like Caffeine, LSD and Pot. Caffeine really seriously messes up the webs, Pot is actually better, the webs are at least sort of recognizable. So maybe pluggs went from caffeine to pot... Who knows, I think he was just born stupid.


109 posted on 06/03/2010 6:50:31 AM PDT by Danae (Don't like the Constitution, try living in a country with out one.)
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To: Sub-Driver

Joe Biden as a young man.
110 posted on 06/03/2010 7:04:17 AM PDT by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all. -- Texas Eagle)
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To: Sub-Driver

Sounds like Joe’s hair plugs have short circuited.


111 posted on 06/03/2010 7:04:37 AM PDT by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all. -- Texas Eagle)
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To: Uncle Miltie

Yup, Joe was the one who was touting the “Won’t go above 8%” garbage.


112 posted on 06/03/2010 7:27:28 AM PDT by RatsDawg
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To: Sub-Driver

ROTFLMFAO !!


113 posted on 06/03/2010 8:04:27 AM PDT by stephenjohnbanker (Support our troops....and vote out the RINOS!)
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To: Sub-Driver

It was absolutly successful for putting our grand children into debt.


114 posted on 06/03/2010 8:17:52 AM PDT by Piquaboy (Military veteran of 22 years in Navy, Air Force, and Army.)
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To: Sub-Driver

Baghdad Joe Biden.


115 posted on 06/03/2010 8:23:46 AM PDT by RockinRight (I can see November from here!)
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To: Sub-Driver

What a joke.

Its a shame the consequences won’t be felt until 2013, thus ensuring Zero’s and Biden’s re-election


116 posted on 06/03/2010 8:47:47 AM PDT by MadIsh32 (In order to be pro-market, sometimes you must be anti-big business)
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Stimulus has been 'an absolute success,' says VP Biden,

117 posted on 06/03/2010 8:57:25 AM PDT by Arrowhead1952 (Remember in November. Clean the house on Nov. 2. / Progressive is a PC word for liberal democrat.)
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To: Sub-Driver

118 posted on 06/03/2010 5:32:13 PM PDT by VRWC For Truth (Throw the bums out who vote yes on the bail out)
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To: Sub-Driver

Well of course it has...From a certain point of view...


119 posted on 06/03/2010 6:03:48 PM PDT by stevie_d_64 (I'm jus' sayin')
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To: Danae

California...They vote on it tomorrow...If I heard correctly...


120 posted on 06/03/2010 6:04:55 PM PDT by stevie_d_64 (I'm jus' sayin')
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To: RJL

They hired a gazillion liberals (mostly in gummit jobs) and fired another gazillion conservatives (their jobs went to China, illegales, etc.). So they crow about the gazillion liberals.


121 posted on 06/04/2010 12:18:17 AM PDT by HiTech RedNeck (I am in America but not of America (per bible: am in the world but not of it))
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