UPDATE- Here's vide of Vice-President Joe Biden attempting to convince America that the Obama Administration hasn't harmed the economy.
Vice-President Joe Biden again admitted what some of us knew all along: the Obama Administration isn't very good at economics:
"The truth is, we and everyone else misread the economy."
Biden continued the meme that the Obama Administration "inherited" an economic problem, and hasn't done anything but help.
Obama and Biden were elected over eight months ago, and were leading the bailout negotiations thoughout the transition. They were inaugurated almost six months ago, and have since led the federal takeover of banks and car companies, and are threatening the federal takeover of health care. They have quadrupled the national debt in their first year, and prmised trillion dollar deficits for the next decade. As U.S. Senators, they voted for the first round of bailouts back in September. They championed a stimulus package that rushed borrowed money out the door to wasteful make-work projects and corrupt earmarks. And they grossly overestimated the impact that the poorly constructed stimulus package would have on unemployment.
Obama and Biden were elected over eight months ago, and were leading the bailout negotiations thoughout the transition. They were inaugurated almost six months ago, and have since led the federal takeover of banks and car companies, and are threatening the federal takeover of health care. They have quadrupled the national debt in their first year, and prmised trillion dollar deficits for the next decade. As U.S. Senators, they voted for the first round of bailouts back in September. They championed a stimulus package that rushed borrowed money out the door to wasteful make-work projects and corrupt earmarks. And they grossly overestimated the impact that the poorly constructed stimulus package would have on unemployment.
President Obama and Vice-President Biden have done everything they can to transform the American economy into a command-and-control economy run out of the White House. Their policies have destabilized the dollar, hurt job creation, and increased current and future taxes. It's their economy now, and they refuse to take responsibility for it.
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