Biden Says “Bad News” of Unemployment Numbers Does Not Diminish Confidence in Economic Recovery

9.8% unemployment
In his wildest dreams Biden didn’t think the stimulus would work this well.
So now it’s time to raise taxes–right Biden?
The Obama administration, Pelosi,Schumer, Reid are completelty
delusional.

Another day, another Big Lie.
In order to say we are in recovery, we must have 2 quarters proving it. Or so say the people who are experts in that field.

EPIC FAIL!
“U.S. employers cut a deeper-than-expected 263,000 jobs in September, lifting the unemployment rate to 9.8 percent, according to a government report on Friday that fueled fears the weak labor market could undermine economic recovery.”
Add to this that the neophyte Barack Hussein Obama bet the full prestige of the office of the President of the United States on winning the Olympics for Mayor Daley’s business cronies—AND LOST in the first round!
Obama has lost all credibility and respect with foreign leaders and domestically. Nobody thought it possible that a President could become a lame duck 9 months after taking office, but somehow Obama pulled it off!
No We Can’t.

“As bad as things are they would be far worse without the recovery plan,” and other economic measures put in place this year, Biden said.
Oh really, how so?
Please Mr Biden give us some facts to
back up your unsubstaniated comments.
The fact is the recovery plan also
known as “porkulus” in some circles has
done zilch, nada, nothing, to
improve the economy!
Saying that the economy would be
worse without the “stimulus package”
is baseless speculation.
I do believe that the economy will
eventually bounce back but it will have
to do with the economic cycle not the
clueless domestic and foreign policies
set forth by the Obama Administration!

Biden is in desperate need of an optometrist.

A recent CBS/NYT poll asked “The economic stimulus package…”:
Has already created jobs. 7%
Will, but hasn’t yet created jobs. 52%
Will not create new jobs. 38%
A recent NBC/WSJ poll asked
“Do you think that the economic stimulus legislation is…”:
Beginning to help improve the economy. 20%
Will help improve the economy in the future. 27%
Will not help improve the economy. 38%

In order to say we are in recovery, we must have 2 quarters proving it. Or so say the people who are experts in that field.
Posted by: SjB ***
I agree, but Joe said we’re on the path to recovery, which is different than saying we are in recovery. This is why we should’ve passed a bigger stimulus package, as many suggested, more focused on energy, jobs, schools, infrastructure, parks and training. When no one else can do it, the government has to spend money to get people back to work, so they can spend money, the recovery can get some legs and THEN, we can start paying down the debt.

Do some more research.
Posted by: SjB | Oct 2, 2009 12:56:16 PM
I’m good with the research I’ve done. I actually follow the economists who predicted this mess, you know, like Krugman (let the shrill shrieking in horror begin, lol.)

Our money and your wise government at work…how can anyone really approve of this stuff.
Today’s edition of Sen. Coburn’s Pork Report identifies at least $108.4 million in wasteful Washington Spending.
Despite being in good condition, Hollywood’s Sunset Strip will get a $7 million face lift with federal stimulus funds
Employee misconduct investigations, often involving workers accessing pornography from government computers, grew sixfold last year at the National Science Foundation; The problems were so pervasive, the agency’s inspector general had to cut back on its primary mission of investigating grant fraud and recovering misspent tax dollars
Senior government executives earned higher raises and bonuses last year
Defense appropriations bill steers over $100 million to campaign donors for pork projects not wanted by the Pentagon
Pork Rx; Federal government would pay 100% of the cost of Medicaid expansion in the Senate Majority Leader’s state under new health care bill
Grateful Dead archive receives $615,175 federal grant; “The ultimate goal… is that everyone will have a Grateful Dead experience”
Renovation project at the Bill Clinton presidential center will receive $2.5 million of federal stimulus funds
North Carolina Department of Transportation spending $1.2 million of federal stimulus funds to renovate a lighthouse and another $3 million to paint a bridge
Congress approves $250 million increase in its own budget

Another bailout catastrophe:
GM’s sales are down 45% from last September (when sales were already bad enough to drive the company into bankruptcy). Chrysler is down 42%. Ford is only down 5%. Car buyers are clearly punishing the two bailout recipients brutally. Robert Farago of Truth About Cars predicts that GM and Chrysler will both ‘go down by the end of next year’ without a second, new federal bailout. The only question, he says, is whether the two bailed out manufacturers will need the cash before the 2010 midterm elections.”
Untold taxpayer billions right down the rathole. But at least the UAW made out like bandits for the short term, which is pretty much Obamanomics in a nutshell.

Forty-nine percent (49%) of American adults now say that the U.S. economy will be stronger in five years than it is today. That figure is down from 58% in July and 64% in March.
The latest Rasmussen Reports national telephone survey finds that 22% believe the U.S. economy will be weaker in five years. Twelve percent (12%) say the strength of the nation’s economy will remain about the same, and 18% are not sure.

Maybe. It does remind us though, who was in office, when the unemployment was that high, the last time. That was the very same Jimmy Carter, who has pretty much made a fool of himself the past week, with his comments, and who Europe is now comparing to Obama, as “the spendthrift”.

Joe the Moron.

Incredible that people think the Recovery bill didn’t spend enough. They could have “jump started this economic engine by giving tax breaks to small businesses. But instead the “stimulus ” gave hundreds of billions in pork,
political payback (Acorn) boondoggles, ( cash for clunkers) government programs and virtually nothing for small business which employs 75% of American workers. The million jobs that Biden says have been created (or saved) is a thin air assessment as is the statement that things would be far worse had the Recovery bill not been passed. Personally I think we would be starting a real recovery by now if nothing had been done. Much of remaining billions of Stimulus bucks is due to be spent this coming election year, no doubt almost all in Democrat districts to bolster the rapidly disappearing chances of re-election for Dem lawmakers.
I guess the economic crisis wasn’t such an emergency after all. It was just an emergency panic and sky is falling until it was signed. The only hiring boom is in government jobs which deduct from the GDP , they don’t contribute to it.

In the simplest of terms, we have two excruciating problems in resolving our economic woes:
1….where in hell are the unemployed supposed to get jobs unless they want to go overseas to apply for an outsourced American job? We all can’t work part time at Walmart or McDonald’s.
2,,,,we have a President pushing the hell out of College for All….first of aall, who says everybody should go to college and for what reason?? How many unemployed and/or underemployed folks with BA’s or better do we need unless we have an economy which can use their talents…….we have a so-called “stimulus” program which has pulled us into government run enterprises which shouldn’t be government run, fun things to do with Mam Avenue titles like “Cash for Clunkers”……which someone down on the Potomac should have realized had to eend sooner or later with negative impact on the auto industry….and more sstimuli which have done nothing for small business or Joe Citizen. What in hheck are we doing?????????