| Jul 5, 2009 @ 8:35 PM |
Biden admits 'we misread the economy'
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capobeachguy
Posts: 4,843
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No siht!!! Link
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| Jul 5, 2009 @ 8:37 PM |
Biden admits 'we misread the economy' |
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lefthandedluckie
Posts: 6,386
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I believe everyone has misread the economy. They, President and vice President, are no exceptions! To blame them for George Bush's incompetence is just a joke in the making!
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| Jul 5, 2009 @ 8:48 PM |
Biden admits 'we misread the economy'
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capobeachguy
Posts: 4,843
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To blame them for George Bush's incompetence is just a joke in the making!
Nothing obviates the blame rightfully accorded to Bush. However, the premise of passing the stimulus legislation was to hold unemployment to no more than 8%.
That turns out to have been a lie. It's at 9.5%...and climbing. 
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| Jul 5, 2009 @ 8:52 PM |
Biden admits 'we misread the economy' |
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lefthandedluckie
Posts: 6,386
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I don't know that I would go so far as to call it a lie.....wishful thinking, yes! In volatile situations like we find ourselves anything is considered good if it works. They tried it did not work.....now back to the drawing board and come up with something new!
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| Jul 5, 2009 @ 9:02 PM |
Biden admits 'we misread the economy'
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Gallows_Humor
Posts: 14,229
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do you have a solution capo??
and where would we be without the stimulus ?
btw...he was very gracious in his thoughts on palin.... 
sara is on facebook  ....... 
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| Jul 5, 2009 @ 9:20 PM |
Biden admits 'we misread the economy' |
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Angel54214
Posts: 18,725
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I wonder why Biden didn't mention that the unemployed would have to take jobs in another state and leave their families behind. 
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| Jul 5, 2009 @ 9:25 PM |
Biden admits 'we misread the economy'
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lefthandedluckie
Posts: 6,386
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I am wondering "WHY" Biden is not blaming Bush for all this mess? Since he is the one that believed in borrowing and spending our way through 8 years of his "coke" habit!
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| Jul 5, 2009 @ 9:26 PM |
Biden admits 'we misread the economy' |
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kjac
Posts: 8,163
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I want to start off by saying yes, I do realize the problems Bush created won't go away overnight.
Hopefully someone will call me on it if I forget, but I've got a lot of statistics from when Obama officially came into power. At the end of the year, I want to compare them to what they were then. Stock Market, unemployment rate, etc.
If a year isn't long enough, how long do they want granted to them to fix the Bush disaster?
I listened to 8 years of "But Clinton" excuses while Bush made mistake after mistake after idiotic mistake. I'm not listening to 8 more years of "But Bush" excuses. I think a year is more than enough. And if he hasn't started turning things around by then, I'm gonna call him on it. And if he has, I'll call the haters on it.
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| Jul 5, 2009 @ 9:27 PM |
Biden admits 'we misread the economy'
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Nightowl001
Posts: 7,913
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"There was a misread of just how bad an economy we inherited." Vice President Biden, in the linked video.
Geez.. the guy flat out says basically "We were working off the best advice we could get, and it turned out to have been slightly wrong."
For what it's worth, they're a hell of a lot quicker to admit that they miscalculated than the previous adminstration was. Certainly none of them is saying "Oh, I think we're doing pretty well."
Some people are trying to have it both ways again. First, the stimulus package was too big and passed in too much of a rush, with too little debate. Now, it wasn't enough and is working too slowly. As Biden says, the provisions of the stimulus package were to be paid out over 18 months, and we're 4 months into it, and almost none of the projects have been begun yet, having been tied up in all the laying of groundwork before people are put to work, the bidding for contracts, etc. .
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| Jul 5, 2009 @ 9:35 PM |
Biden admits 'we misread the economy' |
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lefthandedluckie
Posts: 6,386
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I have said this before and I will say it again......it might take up to and including 2 years to see meaningful movement on our economy. Bush did a lot of damage. Our tax base has been ravaged. Now, it takes three jobs to pay the taxes of one . When you lose 20-30 dollar an hour jobs to overseas workers you have left flipping burgers at BurgerKing to fill your coffers with!
Those taxes cannot be replaced overnight it will take time!
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| Jul 5, 2009 @ 9:43 PM |
Biden admits 'we misread the economy'
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capobeachguy
Posts: 4,843
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do you have a solution capo?? Nope! I wish I did. I did learn, however, from 30+ years in management and project management that "throwing money at it" rarely solved a problem...at least not in long-term benefits. The situation currently being implemented merely passes the current problem(s) down to future generations and it has not done a very good job of accomplishing even that.
Building a long-term solution is not as "sexy" and doesn't sound as good in talking points during an election, but is the only solution to which I ascribe. "What went wrong", "fix it", "make sure it does not recur". That's more of my style.
Some people are trying to have it both ways again. First, the stimulus package was too big and passed in too much of a rush, with too little debate. Now, it wasn't enough and is working too slowly. Some people are arguing that the stimulus package was poorly conceived in addition to the rush. This is 0bama's baby and nobody, not even those in his own party, had an opportunity to examine or oppose it. The fact that it has been highly ineffective is not due to the time that has elapsed but rather to the plan itself.
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| Jul 5, 2009 @ 10:10 PM |
Biden admits 'we misread the economy' |
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Jankia
Posts: 12,411
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Well....at least that Biden feller is an honest one. 
Its to bad many more Americans cant be the same and admit they misread Obama.
Yea...I know,but spare me the "its to early" argument.The economy has been missread ever since the balanced budget gave way to a borrowed one.
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| Jul 5, 2009 @ 10:59 PM |
Biden admits 'we misread the economy'
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Angel54214
Posts: 18,725
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It wasn't misread...the executive branch did not include the Department of Labor data into their own calculations along with the economist results. DOL statistics are higher than the government's. New administration...new hires! Much to learn. Maybe they will have the statistics down packed in 3 years.
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| Jul 6, 2009 @ 1:41 AM |
Biden admits 'we misread the economy' |
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AJMcGillicutty
Posts: 9
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No siht!!!
Isn't that the dang truth bro!
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| Jul 6, 2009 @ 4:50 AM |
Biden admits 'we misread the economy'
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SensualGemini
Posts: 7,361
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...Nothing new, as Biden has trouble reading his own name. Just like he lied out his a** for years that a drunk driver killed his first wife and daughter, whatever he says needs to be viewed with great discrepancy.
...But this one, he cannot lie about and they are just running public damage control. When I hear crap reports from the government, I am always curious of which set of books their report came from, or how it was calculated.
...MSN reported the other morning that actual unemployment is about 17% if one considers those that are now working part time and those that have run out of unemployment benefits and dropping off the radar. I did a quick calculation last week and posted something like 16.3%, for which a little over 2 million are being moved into Welfare.
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Lefty: They tried it did not work.....now back to the drawing board and come up with something new!
...What we have been saying all along... create industry and perpetual employment, rather than pissing away $Trillions for doing nothing.
...As well, I don't care if they are sweeping the public streets, but put everyone to work for the borrowed money being handed out.
...Nevertheless, Obama did not create the 1200 page Stimulus bill alone and neither did Bush do a damn thing without Congress giving it's blessing.
...The incompetency for legislation is not with the Executive branch and does not anyone grow weary of blaming each past Executive branch administration on all of the future woes? Come on, as it is rhetorical and not forcing those actually responsible as accountable.
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| Jul 6, 2009 @ 5:06 AM |
Biden admits 'we misread the economy' |
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kjac
Posts: 8,163
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The incompetency for legislation is not with the Executive branch and does not anyone grow weary of blaming each past Executive branch administration on all of the future woes? Come on, as it is rhetorical and not forcing those actually responsible as accountable.
I think most of this comes from the inability to affect the actions of the other branches. For example, what can either you or me do about Pelosi getting re-elected SG?
Absolutely nothing. As long as they (congress) appease the people of their region, the only thing the rest of us can do is try to have a say in who sits in the little white house and passes or vetoes their actions. While we vote on our own representation, we have absolutely no say in how others vote for theirs.
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| Jul 6, 2009 @ 8:07 AM |
Biden admits 'we misread the economy'
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sealacamp
Posts: 3,681
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Biden can read? I am amazed!
S
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| Jul 6, 2009 @ 1:31 PM |
Biden admits 'we misread the economy' |
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Gallows_Humor
Posts: 14,229
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...What we have been saying all along... create industry and perpetual employment, rather than pissing away $Trillions for doing nothing.
// good in theory...but tell it to...walmart..and the banks..
I keep saying this.....the tax laws need to be overhauled to punish excessive profits that are made at the expense of the American worker...
was it right to globalize trade so many years ago?
was it right to allow the banks ( and others) carte blanche.. to do whatever they wanted(expecting them to do what is right for the taxpayers for once).. with the bail out money?
protecting the value of assets of everyone .. was the primary goal of the bailouts...not to make Bank of America et al bigger.... so..tax the hell out of them in the short term.... 
the stimulus is a short term band aide..nothing more....
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| Jul 6, 2009 @ 1:54 PM |
Biden admits 'we misread the economy'
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lefthandedluckie
Posts: 6,386
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SG and Capo.....for once I will use "Capo's" words to describe my dismay......"NO SIHT"!
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| Jul 6, 2009 @ 3:30 PM |
Biden admits 'we misread the economy' |
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capobeachguy
Posts: 4,843
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the stimulus is a short term band aide..nothing more....
The big question is "how successful is the band aid at achieving its defined goals"? Thus far, not so good.
I have a problem with people losing their jobs (it happened to me once) at a time when this administration has decided to force socialistic goals upon us. We now have less people paying taxes but costs are skyrocketing. I can't run my own household that way; I doubt that other posters in these forums can either.
Why should it be acceptable for this administration to do so?
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