FACT CHECK: Biden ignores problems with stimulus

news.yahoo.com...

By BRETT J. BLACKLEDGE, Associated Press Writer Brett J. Blackledge, Associated Press Writer – 3 mins ago
WASHINGTON – Vice President Joe Biden proclaimed success beyond expectations Thursday for the $787 billion economic stimulus, but his glowing assessment overlooks many of the program's problems, including delays in releasing money, questionable spending priorities and project picks that are under investigation.

In a speech aimed squarely at Republican criticism and public skepticism over the costly program's effectiveness, Biden said accomplishments over the past 100 days provide proof of promises kept when he and President Barack Obama began rolling out the plan earlier this year.

"The Recovery Act is doing more, faster and more efficiently and more effectively than most people expected," he said.

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Biden once again opening his mouth and inserting his foot. Well, maybe not that bad, but this is interesting. Cheerleading for the stimulus plan, yet really not covering the bad that's going along with this debt.

Mod Edit: External Source Tags – Please Review This Link.

[edit on 9/4/2009 by semperfortis]

reply to post by jerico65


Thanks for this Jerico.


The constant droning on and on about how great everything is going is staring to sound just a little ridiculous. So, if we here it enough, we'll believe it? Splechh.

I noticed they danced right around the issue of the earmarks that Obama promised wouldn't be in there, but somehow miraculously showed up anyway.

Barf. For everything going so good, there sure a lot of guys standing around outside at the unemployment office in MY town. How's yours?

Great job.

(using the 'external source' tags on your text might make it easier for us to know which words were yours)



[edit on 3-9-2009 by KSPigpen]

I expect all politicians to toot their horns and claim success for their legislation even though the evidence shows otherwise.

Originally posted by jerico65
news.yahoo.com...

"The Recovery Act is doing more, faster and more efficiently and more effectively than most people expected," he said.

Yeah, if your goal is to destroy the country, or if you are a delta smelt in California, then the "recovery act" is doing just great!

online.wsj.com...

California has a new endangered species on its hands in the San Joaquin Valley—farmers. Thanks to environmental regulations designed to protect the likes of the three-inch long delta smelt, one of America's premier agricultural regions is suffering in a drought made worse by federal regulations.

I wonder how Joe is going to spin this morning's news. The unemployment rate has jumped .3%, from 9.4% to 9.7%.

Yeah, its working alright .

The stimulus? what stimulus?,

Joe biden is nothing than just that a cheerleader, what else has he been doing lately, darn Cheney did more in his 8 years you know as a Warmonger and enriching the war profeteers, that was a stressful and busy job.

Stimulus tax relief: Who's feeling it
Treasury has doled out $62.5 billion in tax breaks from the Recovery Act, but economists are split about how effective they have been.

The six-month-old plan includes $288 billion of tax relief, and Treasury has made $62.5 billion of that available so far -- in the form of credits, payments and incentives to individuals and businesses.

From that stimulus we know that it has not gone to boost the economy in any way or manner, taking into consideration the job statistics today it has not gone into creating jobs either.

The stimulus to the tax payer rather than give it into a lump some like Bush did in 2008, Obama is injecting miserable 15 dollar pay checks for the next 26 pay periods.

This hardly will boost spending at all.

So far, Treasury has made $23.2 billion available for the credits, known as Making Work Pay. The Congressional Budget Office estimated in February that the program would cost the government $116 billion through 2010.

The economic stimulus has been nothing but waste of money and not recovery has been experience yet

Have anybody feel stimulated yet? because I have not.

money.cnn.com...