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Biden: U.S. Economy in Danger of 'Absolutely Tanking' - (Second $700 Billion stimulus needed)
ABC News ^ | December 19, 2008 | George Stephanopoulos

Posted on 12/19/2008 3:47:58 PM PST by re_tail20

Vice President-Elect Joe Biden said the U.S. economy is in danger of "absolutely tanking" and will need a second stimulus package in the $600-billion to $700-billion range.

"The economy is in much worse shape than we thought it was in," Biden told me during an exclusive interview -- his first since becoming vice president-elect-- to air this Sunday on "This Week with George Stephanopoulos."

"There is no short run other than keeping the economy from absolutely tanking. That's the only short run," Biden told me.

Biden said he has canvassed Republican and Democratic members of Congress about a second "big" and "bold" stimulus package . He said the Obama team is focused on creating jobs and spending on energy and information technology infrastructure.

(Excerpt) Read more at blogs.abcnews.com ...


TOPICS: Government
KEYWORDS: bailout; bailoutnation; biden; hairplugs
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1 posted on 12/19/2008 3:47:58 PM PST by re_tail20
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To: re_tail20

Biden is very uplifting, ain’t he?


2 posted on 12/19/2008 3:49:12 PM PST by AirForceMom (God Bless the USA)
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To: re_tail20

Who took the gag out of Joe’s mouth?


3 posted on 12/19/2008 3:49:16 PM PST by Chet 99
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To: re_tail20

Of course it’s in danger of tanking. The Dems are taking charge.


4 posted on 12/19/2008 3:49:41 PM PST by ZirconEncrustedTweezers (God helps those who help themselves. The government helps those who don't.)
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To: AirForceMom

I think some of those hair plugs got pushed to far in he is cocko


5 posted on 12/19/2008 3:50:07 PM PST by al baby (Hi mom Mr. Obama, are you aware that Sarah Palin took on her own partyÂ’s establishment in Alaska a)
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To: re_tail20

Bumlin’ Joe Biden


6 posted on 12/19/2008 3:50:53 PM PST by Diggity
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To: AirForceMom

I suppose the Demoncrats might feel a tad guilty ...

Congress just voted itself ANOTHER INCREASE IN PAY!!!

Guess who PAYS for them?

YOU!!!!


7 posted on 12/19/2008 3:51:41 PM PST by nmh (Intelligent people recognize Intelligent Design (God).)
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To: re_tail20

Bleeping bleepers bleeping the bleep bleep bleeping country!!! Ahhhhh!!!


8 posted on 12/19/2008 3:51:45 PM PST by NoGrayZone (Just Registered With the Conservative Party...RINO's can kiss my......)
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To: Chet 99

There you go again Joe, showing America what a huge dumb ass you really are. Who do I fear more, Obama, a Marxist, or Biden, a complete idiot


9 posted on 12/19/2008 3:52:49 PM PST by Sarah Barracuda
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To: re_tail20

Well, if this Bozo says its’ bad—it probably isn’t. This makes me feel better.


10 posted on 12/19/2008 3:52:49 PM PST by Conservativegreatgrandma (When the righteous rule, the people rejoice; when the wicked rule the people mourn. Proverbs 29;2)
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To: re_tail20

This loose talk by dodos is just evidence of the weak leaders we are producing. “Absolutely tanking” and in “worse shape than we even thought” are easy to say but carry little useful information. Certainly less precise than you would like to hear from the top people in a new administration.

BTW the government cannot buy us out of this recession. It will just happen and these dodos will take credit.


11 posted on 12/19/2008 3:53:01 PM PST by Williams (It's The Policies, Stupid.)
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To: re_tail20

Stand up economy, stand up!


12 posted on 12/19/2008 3:53:02 PM PST by TheWasteLand
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To: re_tail20

So what happened to the magic Negro’s magic wand?

Tax cuts would go a long way towards fixing the problem. Especially corporate and capital gains. And to fix Detroit, repeal CAFE.

Failed President FDR proved government make-work does not, it always ends in the same place, the unemployment line.

Oh yeah, if we chased off all the illegals, many state budgets, like California’s, would then come into balance.


13 posted on 12/19/2008 3:53:08 PM PST by Tarpon (America's first principles, freedom, liberty, market economy and self-reliance will never fail.)
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To: re_tail20

SHUT UP JOE!


14 posted on 12/19/2008 3:53:18 PM PST by omega4179 (Ramos and Compean)
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To: AirForceMom
Biden will probably go in the record books as the dumbest VP ever!!!
15 posted on 12/19/2008 3:53:34 PM PST by elpadre (nation)
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To: re_tail20

“The Dumbest Man In The Senate” strikes again.


16 posted on 12/19/2008 3:54:14 PM PST by Future Snake Eater ("Get out of the boat and walk on the water with us!”--Sen. Joe Biden)
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To: AirForceMom; re_tail20

OH Great the first thing out of Biden’s mouth is a gaffe...the stock market operates on “confidence” and it’s like he is trying to tank it again...is he making money when it goes down and he buys stocks, and then it goes back up when fearmongering quiets down. I truly believe these dems are trying to crash America....


17 posted on 12/19/2008 3:54:44 PM PST by Kackikat (.It's NOT over until it's over and it's NOT over yet....The Trumpet will sound....)
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To: al baby
-- he is cocko --

Cuckoo too.

18 posted on 12/19/2008 3:54:57 PM PST by Cboldt
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To: nmh

You know before the election I had hope.
After the election there was anger, then rage with the bailouts.
Now I feel numb to a lot of the news, and that scares me the most.


19 posted on 12/19/2008 3:54:59 PM PST by AirForceMom (God Bless the USA)
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To: re_tail20

Hey Joe
Cut the capital gains tax to 5% for 24 months.
Suspend Cafe increases that are forcing detroit to retool
Cancel the Tarp fund and force the Fed to print M3 reports.


20 posted on 12/19/2008 3:55:01 PM PST by omega4179 (Ramos and Compean)
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