Joe Biden: 'Everyone guessed wrong' On Jobs Impact of Stimulus Bill

Yeah right, Joe, "everyone" got it wrong, huh? Well, I can list about 250 Conservative bloggers, politicians and economists who predicted JUST WHAT THE RESULTS have been. It's one of the classic "we told you so" moments for the Right in America as the Left finally has to start owning up to the fact that the Stimulus Bill, passed in such haste to create a gazillion jobs, has failed miserably.

Biden appeared on Sunday's 'Meet The Press' and of course, fumbled his way through the questions about the economy and the job creation. Some of his responses are golden....golden in the age of comedy, that is. Let's look at some of it from the article at Breitbart:

Vice President Joe Biden said Sunday that "everyone guessed wrong" on the impact of the economic stimulus, but he defended the administration's spending designed to combat rising joblessness.
Biden said inaccuracies in unemployment predictions shouldn't undercut the White House's support of the $787 billion economic revival plan that has not met the expectations of President Obama's team. Instead, the vice president urged skeptics to look at teachers who kept their classroom assignments and police officers who kept their beats because of financial assistance from Washington.

No one realized how bad the economy was. The projections, in fact, turned out to be worse. But we took the mainstream model as to what we thought—and everyone else thought—the unemployment rate would be," Biden said.

Okay, so let me get this right - the economy was so bad, such a "crisis" that Barack Obama used that word continually for weeks...that we were in a crisis not known like this since the Great Depression and yet now, when the Stimulus Bill is wallowing in its own pork fat, Biden comes out with the Administration's line that they didn't realize how bad the economy was? Gimme a break.

And so now, we are looking at unemployment rates of 1.5% higher than the crystal ball using Obama administration had predicted, we have a level of confidence at an all time low across the country and what does the Obama administration decide to do to quell the worries of the American people? Let's see:

The White House has tapped Biden as its chief spokesman on that economic stimulus plan, sending him across the country to drum up support for a plan that has yet to make the impact it promised. On Thursday and Friday, Biden visited Pennsylvania, Kansas and Michigan to highlight projects the stimulus has funded.

Can you believe this? Mr. Gaffe, clearly one of the dumbest politicians of modern times who just happens to occupy the office of the Vice President, is slated to carry the message of "hope?" If it wasn't so sad, I'd be laughing my ass off.

At the same time, we have to be smart enough to understand just why Joe Biden was selected as V.P. - for times like this when someone has to carry the water of failed policy...when someone from the Obama administration has to go confront the American people and inform them that Socialism in America, Obama-style is failing and corrupting the system, good old Joe is the man for the job. I give him about six months before the guy is worn down like a set of old tires on a rocky mountainous road.

Biden says 'everyone guessed wrong' on jobs number

WASHINGTON (AP) - Vice President Joe Biden said Sunday that "everyone guessed wrong" on the impact of the economic stimulus, but he defended the administration's spending designed to combat rising joblessness.
Biden said inaccuracies in unemployment predictions shouldn't undercut the White House's support of the $787 billion economic revival plan that has not met the expectations of President Obama's team. Instead, the vice president urged skeptics to look at teachers who kept their classroom assignments and police officers who kept their beats because of financial assistance from Washington.

"The bottom line is that jobs are being created that would not have been there before," Biden said.
But they are not coming at the pace first estimated.
Just 10 days before taking office, Obama's top economic advisers released a report predicting unemployment would remain at 8 percent of below through this year if an economic stimulus plan won congressional approval.
Yet the Bureau of Labor Statistics reports that unemployment in May rose to 9.4 percent.
Biden said the White House is keenly aware of the gap between the rhetoric used to sell fast passage of the legislation and the reality that has 14.5 million people unemployed.
"No one realized how bad the economy was. The projections, in fact, turned out to be worse. But we took the mainstream model as to what we thought—and everyone else thought—the unemployment rate would be," Biden said.
Those projects came from a report co-written by Biden's chief economist, Jared Bernstein. Last week, Bernstein briefed reporters on the stimulus spending and insisted the report was in line with others' research, but not aligned with reality.
"At the time our forecast seemed reasonable. Now, looking back, it was clearly too optimistic," he told reporters last Monday.
The White House has tapped Biden as its chief spokesman on that economic stimulus plan, sending him across the country to drum up support for a plan that has yet to make the impact it promised. On Thursday and Friday, Biden visited Pennsylvania, Kansas and Michigan to highlight projects the stimulus has funded.
The vice president said losses each month have dropped, although the economy is still losing jobs.
"Can I claim credit that all of that's due to the recovery package? No. But it clearly has had an impact," Biden said.
Biden said the estimates were based on standard economic models.
"Everyone guessed wrong at the time the estimate was made about what the state of the economy was at the moment this was passed," Biden said.
Biden appeared Sunday on NBC's "Meet the Press" from his hometown of Wilmington, Del.