Biden: "We Misread the Economy," Estimates Were Far Too Optimistic

by Benjamin Domenech on 1:23 am July 6, 2009

The Veep acknowledges what everyone knows: “Biden acknowledged administration officials were too optimistic earlier this year when they predicted the unemployment rate would peak at 8 percent as part of their effort to sell the stimulus package. The national unemployment rate has ballooned to 9.5 percent in June — the worst in 26 years.”

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