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June 14, 2009

VP Biden Admits Obama Stimulus Plan a Failure on Meet the Press … “”everyone guessed wrong” on the impact of the stimulus” … Not Everyone Joe

Posted in: Barack Obama,Economy,Joseph Biden,Media,Obamanation,Obamanomics,Politics

It’s time the Obama Administration stops blaming others and starts taking accountable for their Obama_socialist2actions. The buck stops with them and no one else. Their socialist spending is making matters worse in the US, not better.

Get used to the back peddling on the numbers folks, 3.5 million jobs saved or created was just lowered to 600,000. $1.3 million per job? Wait until the people making under $250K are taxed to pay for Obama’s socialism.

This morning on “Meet the Press” VP Joe Biden admitted that the Barack Obama stimulus plan was a failure. Biden stated that everyone guessed wrong;” however that is not the case. Everyone did not get it wrong, the Obama Administration got it wrong. The fact of the matter is that Obama’s minions have kept stating that the stimulus package would create or save 3.5 million jobs. A prediction that was comical on it’s premise. Now Biden is lowering that expectation to 600,000.

Obama and his clan need to get a clue and that not everyone guessed wrong. In a recent Rasmussen poll, 53% Say More Government Spending Hurts the Economy. Also, Americans now trust Republicans more than Democrats on the issue of the economy, 45%–39%. It would seem that the US is rejecting socialism and Obama now owns the economy and has no one to blame, although try he will.

Visit msnbc.com for Breaking News, World News, and News about the Economy

 Read the full Meet the Press transcript HERE.

MR. GREGORY:  Right.  But the, but this package was sold on the premise that it would in fact keep unemployment at 8 percent.  It’s exceeded that…

VICE PRES. BIDEN:  No, no, no, no, no, no, no.

MR. GREGORY:  …with the recovery plan.

VICE PRES. BIDEN:  It wasn’t sold on that.  It was sold on it would create…

MR. GREGORY:  That’s what the report said, Mr. Vice President.

VICE PRES. BIDEN:  …or–no, it said it would–what would happen was it would save or create jobs.  It’s doing that.  It is doing that.  Everyone guessed wrong, at the time the estimate was made, about what the state of the economy was at the moment this was passed.  Now, we’re going to recalibrate this in terms of what we’ve inherited, what in fact is going on out there. But look, the bottom line is that jobs are being created that would not have been there before.

VP Biden also got the numbers incorrect during his MTP interview with host David Gregory when Joe said that the stimulus package decreased the unemployment rate in the United States. As stated by Blue Crab Boulevard and is obvious to any thinking American, the US has continually lost jobs after the stimulus package was signed, not gained.

MR. GREGORY:  But the point of the stimulus was it would stop the unemployment picture from getting worse, right?  Wasn’t that the claim?

VICE PRES. BIDEN:  And it has.

MR. GREGORY:  It has?  Well, here…

VICE PRES. BIDEN:  It’s not getting worse.

MR. GREGORY:  But here’s the reality, and that is…

VICE PRES. BIDEN:  Relative.

MR. GREGORY:  …that when this report was issued by your economic adviser…


MR. GREGORY:  …and Dr. Romer from the White House, the assertion was that you could keep unemployment at 8 percent and then it would go down after that. In fact, it’s now at 9.4 percent.  Was it oversold?

UPDATE I: The Gateway Pundit does the math.

The US lost over 2.5 million jobs in the first four months of this year under the Obama Administration.

The US unemployment rate rose from 7.6% to 9.4% under Obama… the highest rate in 25 years.


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