Biden: Stimulus Spending Wasn’t Sold On Keeping Unemployment Low
Here’s an interesting exchange between Vice President Biden and MSNBC’s Dick Gregory, who is showing a rather shocking (for an MSNBC employee) lack of deference. Pay particular attention at the beginning to Biden’s assertion that the “stimulus” spending spree wasn’t sold on keeping unemployment low:
Biden claims that the “stimulus” spending spree was never sold on keeping unemployment under 8%. Yet here’s a (now-infamous) graph from a report issued by chief Obama economist Christine Romer indicating what unemployment would be without the “stimulus” spending spree (light blue line) and what it would be with the “stimulus” spending spree (dark blue line). Note that the latter curve peaks out just under 8%:

Clearly, the Obama administration was trying to give the impression that the “stimulus” spending spree would keep unemployment under 8%. And now, because they’ve failed miserably per the updates in red on the graph which indicate where unemployment has actually gone, they’re trying to revise history.
Because Obama and his people think we’re stupid. Tags: Asshats, Domestic Issues, Politics




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