Isn’t It Ironic: Vice President Biden Criticizes GOP, But Ignores Administration’s Massive Spending SpreePosted by Press Office on October 22, 2010
Despite the Obama Administration’s massive spending binge, Vice President Joe Biden again criticized Republicans on spending. His attacks conveniently ignore the fact that this administration has added $3 billion to the national debt, run up a $1.3 trillion deficit, and left millions of Americans asking “Where are the jobs?”
As the manager of the failed ‘stimulus’ - which 68 percent of Americans believe has been “wasted” - Vice President Biden is a curious messenger for the Obama Administration’s desperate attempt to distance itself from the out-of-control spending spree that has been going on in Washington on the Democrats’ watch. As the Vice President talks about fiscal responsibility, it’s worth bearing in mind his dubious record as the manager of the Obama Administration’s failed, budget-busting economic ‘stimulus.’
The Obama Administration Claimed that the ‘Stimulus’ Would Keep Unemployment Below Eight Percent and Create Millions of Jobs:
Vice President Biden Later Admitted that the White House’s ‘Stimulus’ Projections Were Wrong:
In June 2009, Vice President Biden Said That “Everyone Guessed Wrong” on the Economy, Denied That the Stimulus Was Sold on the Eight Percent Unemployment Promise. NBC’s David Gregory: “But here is the reality, and that is when this report was issued by your economic advisor 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?” Vice President Biden: “No. What we did is, we took the econometric models that were used by businesses as well as academics at the time. No one realized how bad the economy was. The projections, in fact, turned out to be worse. Gregory: “But this package was sold on the premise that it would, in fact, keep unemployment at 8 percent. It's exceeded that with the recovery plan.” Vice President Biden: “No, no, it wasn't sold on that. It was sold on it would create –” Gregory: “That's what the report said, Mr. Vice President.” Vice President Biden: “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 made, about what the state of the economy was at the moment this was passed.” (NBC’s “Meet The Press,” 6/14/09)
Today, There Are 14.8 Million Unemployed Americans, and 2.5 Million Have Lost Their Jobs Since the ‘Stimulus’ Was Signed Into Law:
Vice President Biden Claimed the ‘Stimulus’ Would Create Jobs During the ‘Recovery Summer’:
But the Economy Continued Losing Jobs in June, July, August and September:
Vice President Biden Admitted that Stimulus Dollars Would be Wasted:
BETTER SOLUTIONS IN THE PLEDGE TO AMERICA. Republicans understand that we must do a better job of providing the fiscal discipline economists say is needed to create jobs. That is why cutting spending is a critical part of the GOP’s Pledge to America. The Pledge lays out specific proposals to restore fiscal responsibility to Washington by: cancelling unspent ‘stimulus’ funds, immediately cutting government spending to pre-‘stimulus,’ pre-bailout levels; establishing a hard cap on new discretionary spending; cutting Congress’ budget and holding weekly votes on spending cuts. Republicans will continue fighting for immediate enactment of every provision in the Pledge to America to create jobs and get the economy moving again.
The opinions expressed below are those of their respective authors and do not necessarily represent those of this office.
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