Biden Acknowledges Administration 'Misread' The Economy | 44 | washingtonpost.com
The Nation's Unemployment Rate is at 9.5%. (Of course that doesn't include those no longer looking for work.) 500,000 jobs are being lost every month.
Critics on the both the left and the right say that President Obama's $787 billion stimulus package was illconceived. Conservatives should have been more tax cut oriented whilte liberal economists want more public spending.
Asked if a Second Stimulus Package was needed, V.P. Biden replied it's "premature"
Biden on ABC's "This Week." "We misread how bad the economy was, but we are now only about 120 days into the recovery packageThe truth of the matter was, no one anticipated, no one expected that that recovery package would in fact be in a position at this point of having distributed the bulk of the money.
The Nation's Unemployment Rate is at 9.5%. (Of course that doesn't include those no longer looking for work.) 500,000 jobs are being lost every month.
Critics on the both the left and the right say that President Obama's $787 billion stimulus package was illconceived. Conservatives should have been more tax cut oriented whilte liberal economists want more public spending.
Biden... did the economic package we put in place, including the Recovery Act, is it the right package given the circumstances we're in?
Asked if a Second Stimulus Package was needed, V.P. Biden replied it's "premature"