Biden Admits that We 'Misread the Economy'

All I have to say is no duh!  We are in the worst economic recession, and yet, the Obama Administration pushed through the Stimulus and Omnibus Bills, and bailing out GM, Chrysler, and Wall Street. Geez, Mr. Vice President, who often has foot in mouth disease…you couldn’t have told us something that we didn’t already know.

Watch Biden’s interview with George Stephanopolous

Biden even goes as far to admit the possibility of a second Stimulus. I guess this is so much for freedom and prosperity.

Biden didn’t rule out a second government stimulus package, but downplayed calls from Nobel Prize-winning economist Paul Krugman this week that a second stimulus will be needed.

I pressed the vice president, who is also leading the administration’s middle-class task force, on whether he’d rule out a second stimulus package.

“So, no second stimulus?” I asked.

“No, I didn’t say that,” Biden said, “I think it’s premature to make that judgment. This was set up to spend out over 18 months. There are going to be major programs that are going to take effect in September, $7.5 billion for broadband, new money for high-speed rail, the implementation of the grid — the new electric grid. And so this is just starting, the pace of the ball is now going to increase.”

All I have to say is that America’s prosperity is now toast.