Friday, June 03, 2011

Flashback- Biden: ObamaNomics will Create Up to "500,000 Jobs a Month"

With the United States economy stalling under the policies of President Barack Obama, a flashback is required to remember the broken promises made by his Administration.

This one comes from April of 2010.  Vice President Joe Biden was inflating his boss's ego, explaining to a group at a fundraiser (yes, a fundraiser in early 2010) how well Mr. Obama was handling his job.

Mr. Biden explained that "in a couple months" the U.S. economy would not only come back, but come roaring back:

"All in all we're going to be creating somewhere between 100 and 200,000 jobs next month, I predict," he began. "Even some in the White House said, 'Hey, don't get ahead of yourself.' Well, I'm here to tell you, some time in the next couple of months, we're going to be creating between 250,000 jobs a month and 500,000 jobs a month."

Instead, over a year later, the economy added a mere 54,000 this May, approximately one tenth of what Mr. Biden had hoped.  The unemployment rate also rose to 9.1%.

In his statements from 2010, Mr. Biden continued, "We caught a lot of bad breaks on the way down. We're going to catch a few good breaks because of good planning on the way up."

This statement also came one month after Senator Harry Reid said this:

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