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Biden: ‘We misread how bad the economy was’
David Edwards
Raw Story
Monday, July 6, 2009
The Obama administration warned earlier this year that unemployment would climb to 8% if the recovery plan was not passed in Congress. New reports now show a 9.5% unemployment rate in June.
ABC’s George Stephanopoulos asked Vice President Joe Biden to explain why the Obama administration prediction was wrong.
“The truth is, we and everyone else misread the economy,” confessed Biden.
“There was a misreading of just how bad an economy we inherited,” Biden said on ABC’s This Week. “Did the economic package we put in place, including the recovery act, is it the right package, given the circumstances we’re in? We believe it is the right package, given the circumstances we’re in.”
This video is from ABC’s This Week, broadcast July 5, 2009.
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35 Responses to “Biden: ‘We misread how bad the economy was’”
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July 6th, 2009 at 5:40 am
oh, that must be it. who would have thunk such a thing? the beltway is just crawling with prosperity, they’ve got hummers and range rovers all over that place. I could easily see how this could happen.
July 6th, 2009 at 5:51 am
how does the interviewer stop from screaming?
48 out of 100 proposed projects canned, somehow that is fishy!
then the spending on roads,
when no job=no fuel=no car=I guess the roads will stay lovely and pristine:-)
for hi speed rail, umm is tht so’s the FEMA trains get a good run through?
how about refunding “stolen” pensions? maybe actually in some housing and health areas a little assistance could help people NOT the multinats getting the funds!
Every scrap of profit over running costs of banls to be refunded to those they ripped off!
or even to repay the bail out…
Madman Reply:
July 6th, 2009 at 6:24 am
The roads are part of the Military Industrial Complex, and will be used to drive us all the the happy Fema Camps, and used for troop transport. The streets and roads were never really meant for the People, but as a means to transport troops and equipment across the country more expediently, then when more cars came about, they let the taxpayers foot the bill for it. All Highways were made originally for Military transport, and police.
That’s the real reason that they are putting money into the roads, etc. Who wants a bumpy ride to their death?
We’ve all been ripped off and screwed, without a kiss.
threefuries Reply:
July 7th, 2009 at 6:30 am
I agree madman; I would love to at least get dinner and a movie before I get screwed, but I don’t think that I have much of a shot at that!
July 6th, 2009 at 5:59 am
Well, Biden wan’t it to look like everybody got it wrong. There are a few that understood what was happening and warned over and over again but was never heard. Ron Paul and peter schiff to mention two…
Falconwolf Reply:
July 6th, 2009 at 6:22 am
Don’t forget most of the blogosphere who also got it right. Like Infowars right here and WRH and informationclearinghouse and…. I could go on and on and on but you get the picture.
No, it’s not that they got it wrong, they knew it but had to stick to their agenda
Madman Reply:
July 6th, 2009 at 6:28 am
Biden and the crew knew what was going on, they just decided they needed him to come out, and deflect the failure that was the Stimulus, so they could continue to destroy the economy in peace. 20,000 jobs were created by the stimulus… WOO HOO, with 14.8 trillion spent, I would like one of those 20,000 jobs… that’s what, 740 million per job? Sorry if my math is a tad fuzzy this morning.. but still, I could be rolling in a benz with that kinda flow.
Bushmaster Reply:
July 6th, 2009 at 7:03 pm
And they still wont listen to them,… hmm I wonder why?
July 6th, 2009 at 6:33 am
biden you are fat lying old bastard like the rest of our useless overpaid criminal government fuck you bastard
July 6th, 2009 at 6:52 am
Because they lie to us people….
July 6th, 2009 at 7:02 am
it’s only a ploy to release another stimulus package and cost the US people,children,grand children a huge debt. for nothing more than to own us!, i mean job creation, LMFAO these Aholes are doing nothing more than screwing the US public. anyway the people of the US are whimp’s,gimp’s and pussy’s they have no spine what so ever … they follow the Obomination without thinking, O the cool prez says it’s so, so it must be. the worthless public will follow him like the pied-piper to the death camps and smile the whole way believing he is helping them. they are criminals and thats the bottom line!
July 6th, 2009 at 7:36 am
Truth911 has my exact thoughts,couldnt agree better than with his comments.
July 6th, 2009 at 8:03 am
but your bank account aint been misread has it you old bastard
July 6th, 2009 at 8:44 am
let’s do something about it. yes, it is good to discuss what is REALLY going on (kudos to all you who are actually awake), but at some point we have to stop talking, stop thinking, and stop deliberating and start DOING. we have to move on to the next step now that we know. we have the responsibility on our shoulders to awaken the walking sleepers because we KNOW the TRUTH. if we all actually care and are pissed off, because i am very pissed off at this bullshit, then we have to start doing something about. first step, we have to get the message across to the sleepers by compiling a way to speak to them. the truth is very good at awakening people and we are delving in the truth. the second step would be to remove all politicians from office and start anew. i’m not really technologically savvy, but there has to be a way to break the mass media broadcasting and televise something for at lest ten minutes that will reach millions of people; millions of people who do not know what the hell is going on. i’m not talking about revolution, but a civil way to find a solution and the solution is to have everyone on the same page that way the power doesn’t seem to lie in the governments hands. people are ignorant, yes, but, there is a way to break that ignorance; people have the opportunity to NOT accept the bullshit being fed to us, by the FED and the government, and to stop being complacent on the double speak from very good questions. we pay their salaries, we’re their bosses, will you lie to your boss? will you not answer important questions from your boss? can you do whatever the fuck you want and put it on your bosses tab? can you give your boss bullshit? no, no, no and no. i would be a hypocrite if i do not follow what i’ve ranted about, but, in all honesty, i am doing my part. although, i have to admit, one person reaching out to one person at a time is not efficient enough. humans are naturally gregarious and if the sleepers see that a lot more people are actually taking light on this matter then let’s do something about. let’s start talking about how we can actually move towards progress. progress through truth. progress towards positivity. progress towards a new evolution, not towards a new revolution.
Incriminally Sane Reply:
July 6th, 2009 at 11:21 am
Stop using their system! This is the ONLY way to put an end to what is happening, PERIOD!
Stop paying income taxes, stop buying their trash, stop buying their tainted food, stop working for them, stop buying their energy, fuel and electricity, stop the government in their tracks……..stop using their system!
misunderstood genius Reply:
July 6th, 2009 at 9:06 pm
incriminally sane,willfull failure to file can land one in jail. lately I’ve been researching legal ways to become a nontaxpayer, although I have not found out how yet, also expatriation, getting rid of my social security number,birth certificate,because if you have these you have entered into a contract, but if you get rid of them that voids the contract. I have heard there are legal ways to do these kinds of things. I have only found two sources of this kind of thing, georgegordon.com and jordanmaxwell.com, but only touching on the basics, not the actual way to do these things. I think we should strive to do that incriminally sane, do it legally.
misunderstood genius Reply:
July 6th, 2009 at 9:16 pm
I am thinking our political leaders are in the club where they get the information to extract themselves from social security, birth certificates, become nontaxpayers, maybe thru expatriation or whatever, methods not discussed in the normal educational circuit, it should be our endeavor, as truthseekers to collectively research and contribute to the general release of such information so that everyone can join this club.
Incriminally Sane Reply:
July 7th, 2009 at 12:00 pm
Read the book entitled “Cracking the Code” by Peter Eric Hendrickson and you will find your answers.
July 6th, 2009 at 8:56 am
Biden, shut up your little mealy mouth whining. Remember, all you are is an attention seeking little puppet the has sold his soul to the devil.
July 6th, 2009 at 9:28 am
How can he possibly say that “EVERYBODY” got it wrong. After listening and learning from Ron Paul, Peter Schiff, Jim Rogers, Mark Faber, Geral Celente, and several others I was personally on AM talk shows saying why i think it’s wrong back in May/June of 2008.
Who honestly believes this guy? Anyone? And the nwe have George planting seeds about a second stimulus package. Not to mention it’s not like it’s free money……for many people it’s simply 600 dollars less they will get in their tax returns.
July 6th, 2009 at 9:28 am
Progress, regress, then revolution. Stop the process to reach evolution.
July 6th, 2009 at 9:31 am
Also, I like he how throws in the word INHERITED as though this is all the old administration’s fault. There they go again with the divide and conquor…….it was buhs’ fault, no it was obama’s fault, no it was the dems, no it was the reps………..as if they are not all working for the same money masters. Give us a break Biden. The show’s over!
July 6th, 2009 at 11:20 am
“Tshiki, kalba!” Al ta’atzben otti! Mamzer Nim’as li! Stom ta’peh Ta’ase li tova benzona nod
Tisaref B’ Azazel lech lehizdayen lech tiezdayen tipesh kmo naal ya manyak Harah
debtprisonandcasinosrus Reply:
July 7th, 2009 at 9:07 am
HA HA HA HA HA!!!! DIRTY DOG.
July 6th, 2009 at 11:42 am
This Biden statement is 100% BULLSHIT…….PERIOD! These idiots know EXACTLY what they are doing and they talk this trash to appease the stoned public into feeling sorry for them for the “Mistakes” they claim to have made.
Their house of cards is rapidly falling apart and they must attempt to cover themselves by making these blatantly false statements to the idiot people who mostly believe their lies.
Watch VERY closely, soon you will begin to see the Zionist controllers become invisible as the economy falls apart at the seams and WWIII begins, they will enter their “Fallout” shelters that they have planted across the world and they will leave you to die from the toxic fallout of radiation when Amerika gets nuked by the very same fools that started this calamity.
July 6th, 2009 at 2:02 pm
Yeah, “everyone” was predicting 8%… don’t think so.
July 6th, 2009 at 4:32 pm
NOTHING BUT BULLSHIT….. PURE BULLSHIT.
July 6th, 2009 at 4:57 pm
Misread my a$$ !!!!!! “All we wanted was a really big number”.
July 6th, 2009 at 8:29 pm
The only thing you can read is Hebrew buddy! That is, what your MASTERS tell you! You and the likes of you coulnd’t think for yourselves at the same level of a monkey;=))
July 7th, 2009 at 7:15 am
I GUESS YOU TRAITORS DID MISREAD IT–STARTING WITH THE FACT THAT YOU TRAITORS CAN’T EVEN READ..
July 7th, 2009 at 7:17 am
YOU ARE ASSUMING OF COURSE THAT BIDEN HAS A SOUL…
July 7th, 2009 at 7:20 am
roque—you are a tool–it’s way past time for talking ..evolution..or any other silly thing you propose..
July 7th, 2009 at 7:23 am
UNEMPLOYMENT ACTUALLY IS NEARING 20%
July 7th, 2009 at 9:41 am
I can only think of one thing to say about this globalist ASSHOLE. GO FUCK YOURSELF YOU PIECE OF TRASH MOTHERFUCKER!!!!!!!!!! The plan is going just like you knew it would asshole. FUCK YOU Biden. I hope you rot in hell you piece of shit. You will be hung for treason asshole. I will not let the revolution end till every fuckin one of your asses are hung for treason!!!!!!
July 7th, 2009 at 10:19 am
Another LIE to cover the truth, you screwed the public and you will do it again and again until the country is no more. Then you laugh all the way to the bank with all the gold and money you can carry. Yea, misjudged just how much could be plundered.