Major Failure Biden everyone guessed wron

Nick Furry 2009-06-16

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FACT: The US lost over 2.5 million jobs in the first four months of this year under the Obama Administration.–Gateway Pundit.

FACT: The US unemployment rate rose from 7.6% to 9.4% under Obama… the highest rate in 25 years.–Gateway Pundit.

FACT: The US has lost 16,000 jobs each day since Democrats passed their non-Stimulus bill, the largest redistribution of wealth from the private sector to government officials in US history, without any House Republican votes.–Steve Gilbert, Sweetness & Light.

VP Joe Biden appeared on NBC’s Meet the Press June 14. As YouTuber Speakmymind02 observes, host David Gregory’s not buying it. (And if you check out Ed Morrissey’s take on Biden’s take on Iran, Gregory “dismantled” Biden’s credibility.)

TIME’s Mark Halperin quotes Gaff-O-Matic Biden:

Biden tells “Meet the Press” that “everyone guessed wrong” on the impact of the stimulus, economy was worse off than anyone thought.

Backs away from the estimate that the funds could create or save 3.5 million jobs, instead promises 600,000 by the end of the summer.

More key quotes from Halperin:

“No one realized how bad the economy was. The projections, in fact, turned out to be worse. But we took the mainstream model as to what we thought — and everyone else thought — the unemployment rate would be.”

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