DAVID GREGORY: this package was sold on the premise that it would in fact keep unemployment at 8 percent. It's exceeded that...
VICE PRES. BIDEN: No, no, no, no, no, no, no.
MR. GREGORY: ...with the recovery plan.
VICE PRES. BIDEN: It wasn't sold on that. It was sold on it would create...
MR. GREGORY: That's what the report said, Mr. Vice President.
VICE PRES. BIDEN: ...or--no, it said it would--what would happen was it would save or create jobs. It's doing that. It is doing that. Everyone guessed wrong, at the time the estimate was made, about what the state of the economy was at the moment this was passed. Now, we're going to recalibrate this in terms of what we've inherited, what in fact is going on out there.
Monday, June 15, 2009
Filling Gaps in the White House Website, Part 4
On Sunday, Vice President Biden appeared on "Meet the Press." The transcript is not on the White House website, but is available here. One exchange involved earlier predictions about the effect of the stimulus package. (You may check out the report in question here. See Figure 1.)