RSSBiden: Administration misread economy
From: The Washington Times | July 5, 2009
Vice President Joseph R. Biden Jr. said the administration underestimated the severity of the slumping economy when pushing Congress this winter to pass the $787 billion economic stimulus package, but added that it’s too early to consider a second massive spending measure to jump-start the economy. “We misread how bad the economy was,” Mr. Biden said Sunday on ABC’s “This Week.” “The truth of the matter was, no one anticipated, no one expected that that recovery package would in fact be in a position at this point of having distributed the bulk of the money.” Mr. Biden said the package …
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