Just caught this in Ed Morrissey’s piece on Vice President Joe Biden’s surprise floating of “the prospect of his succeeding President Barack Obama in the White House.” Biden, the 2010 CPAC Blogger of the year, quipped, “hasn’t exactly set the world on fire as a VP“:
He’s been put in charge of the Porkulus program, which turned into an expensive flop. Does anyone know what the unemployment rate should be now, according to the administration’s estimate if the stimulus package passed? 6.7%. Thanks to his months-long blather last year about “Recovery Summer,” no one takes Biden seriously any longer on economic matters.
Italics added. Bold in original. So, in order to push through an $800 billion spending plan, the administration promised us an unemployment rate of 6.7% — still higher than the average of the George W. Bush years. And we’re at 9% now, with the most recent report from the Conference Board showing leading economic indicators slipping.
No wonder no one takes Biden seriously on economic matters, with many having similar thoughts about his boss.