My new Fox News piece starts this way:
It isn't that President Obama's policies aren't working. It is just that the economy was so much worse off than anyone realized. -- Or so the Obama administration claims.
Vice President Joe Biden repeated the mantra again this past Sunday on ABC's "This Week." Host George Stephanopoulos asked him how the 9.5 percent unemployment rate in June squared with the administration's prediction that if the stimulus package was passed, "unemployment will peak at about 8 percent." Biden replied: "we and everyone else misread the economy. The figures we worked off of in January were the consensus figures and most of the blue chip indexes out there."
Translation? The economy being much worse than ever predicted isn't Obama's fault, the Bush administration supposedly left us a worse economy than anyone realized. Even to Stephanopoulos, the alternatives were only two: "either you misread the economy [that the economy was worse than they realized], the stimulus package is too slow and to small." A headline in today's Wall Street Journal reports "Calls Grow to Increase Stimulus Spending." . . . .
New Fox News Op-ed: Stimulus Spending Is Making Things Worse Not Better
4/
5
Oleh
abudzar
