Biden Admits:"Everyone Guessed Wrong" On Impact of the Stimulus
The US lost over 2.5 million jobs in the first four months of this year under the Obama Administration.
The US unemployment rate rose from 7.6% to 9.4% under Obama… the highest rate in 25 years.
Bureau of Labor Statistics– via Sweetness and Light
The US has lost 16,000 jobs each day since Democrats passed their non-Stimulus bill, the largest redistribution of wealth from the private sector to government officials in US history, without any House Republican votes.
Biden tells “Meet the Press” that “everyone guessed wrong” on the impact of the stimulus, economy was worse off than anyone thought.
Backs away from the estimate that the funds could create or save 3.5 million jobs, instead promises 600,000 by the end of the summer.