The Obama administration keeps blaming others for the high unemployment rate
Vice President Joe Biden gave a stark assessment of the economy today, telling an audience of supporters, "there's no possibility to restore 8 million jobs lost in the Great Recession."
Appearing at a fundraiser with Sen. Russ Feingold (D-Wisc.) in Milwaukee, the vice president remarked that by the time he and President Obama took office in 2008, the gross domestic product had shrunk and hundreds of thousands of jobs had been lost.
"We inherited a godawful mess," he said, adding there was "no way to regenerate $3 trillion that was lost. Not misplaced, lost." . . .
Here is a piece from the Washington Times on the revisionist history of the Obama administration.
There's simply no legitimacy to Obama administration claims of being caught unawares of the seriousness of the economic downturn. The president routinely exaggerated how bad things were to push his massive spending programs. The 8.1 estimate was made 11 days after the $787 billion stimulus bill was signed into law, which occurred after the fourth quarter 2008 gross domestic product numbers were released. At that point, it was obvious the economy was headed down fast. . . . .