Normally, I’m glad to link to those who refer Obamateurisms to me, but for this one, I’m stumped. How does one link Vice President Joe Biden, who was kind enough on yesterday’s This Week with George Stephanopoulos to admit that Barack Obama and his team misdiagnosed the economic crisis? Unfortunately, Biden and Obama haven’t learned their lesson:
Vice President Joe Biden said the Obama administration “misread how bad the economy was” but stands by its stimulus package and believes the plan will create more jobs as the pace of its spending picks up.
Biden, in an interview airing Sunday on ABC’s “This Week”, said the nation’s 9.5 percent unemployment rate is “much too high.”
“The figures we worked off of in January were the consensus figures and most of the blue chip indexes out there,” Biden said.
“We misread how bad the economy was, but we are now only about 120 days into the recovery package,” Biden added. More jobs will be created in coming months, he said.
It didn’t take a genius to figure that out, of course. We’ve been tracking the effect of the stimulus package against unemployment numbers for the last few months, because the Obama administration explicitly said that they needed to spend hundreds of billions of dollars to keep unemployment from getting as high as 8.8%. They got the money, and unemployment shot higher — because capital has taken flight, thanks to the big-spending policies of the Obama administration and the threats to hike taxes on businesses.
Nice to see the Veep getting in on the Obamateurism game. If he only had a blog, I could give him proper credit for pointing out the amateurish fiscal policies of Barack Obama. I’ll settle for a link to William Amos for pointing it out.
Got an Obamateurism of the Day? If you see a foul-up by Barack Obama, e-mail it to me at [email protected] with the quote and the link to the Obamateurism. I’ll post the best Obamateurisms on a daily basis, depending on how many I receive. Include a link to your blog, and I’ll give some link love as well. And unlike Slate, I promise to end the feature when Barack Obama leaves office.
Illustrations by Chris Muir of Day by Day. Be sure to read the adventures of Sam, Zed, Damon, and Jan every day!