On the same day that we find out that Chairman Maobama was not able to
woo bribe the IOC to bring the Olympics to his hometown we get some really great news about "Bush's" economy, I say Bush's economy because the news is bad, obviously when things turn around it'll be The ONE's economy; nevertheless that didn't stop Biden from pointing out last week how well the Stimulus was working (see below).
This is from Marketwatch courtesy of the Freedom Project:
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"The U.S. labor market weakened in September as 263,000 payroll jobs were lost and the unemployment rate rose a tenth of a percentage point to a 26-year high of 9.8%, the Labor Department reported Friday. ...
"Employment in the goods-producing sector fell by 116,000 last month, including 64,000 in construction and 51,000 in manufacturing. Service-producing jobs also fell, down by 147,000 including 39,000 in retail. ...
"In its survey of 60,000 households, the government found that employment fell by 785,000. The unemployment rate for adult men rose to 10.3% and the rate for adult women rose to 7.8%."
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Citation:
http://www.freedomproject.org/Blog/Read.aspx?GUID=1b0cc1d5-310d-42f4-b025-f481f740b2f8But wasn't Biden saying just last week...?
Biden on Stimulus: ‘Never Thought It Would Work This Well’
[September 24, 2009, 2024 ET]
Elizabeth Williamson reports on the White House.
Vice President Joe Biden delivered a rousing review of the government’s economic stimulus plan in a conversation with the nation’s governors. “In my wildest dreams, I never thought it would work this well,” he said. “Thank you, thank you.”
Biden oversees the $787 billion spending program, a centerpiece of the Obama administration’s economic recovery effort. He was speaking on a conference call with 55 governors, territorial officials or their designees, who next month must report to the White House on how many jobs were created or saved by stimulus money.
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Maybe it's "Biden's economy"...
Citation:
http://blogs.wsj.com/washwire/2009/09/24/biden-on-stimulus-never-thought-it-would-work-this-well/
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