In the June 16th publication of Investor’s Business Daily, they talk about Biden’s then recent stint on NBC’s Meet the Press, where Biden said “Everyone guessed wrong.”
But this is simply not true. Back in February the IBD offered its readers the prediction that the stimulus bill would “in fact not stimulate much of anything.” They went on to offer that the $787 B package would be filled with “pork and outright waste.”
They remind us that 330 well-recognized ecomomists signed a statement protesting Obama’s claim that “there is no disagreement that we need action by our government, a recovery plan that will help jump-start the economy.”
More on this from Trends Research Institute: “VP Biden’s recent admission that the Obama Administration’s economic recovery plan was predicated on egregiously inaccurate forecasts consigns the entire effort to failure, predicts Gerald Celente.”How often does the government have to be wrong, and how wrong do they have to be before people and the media stop taking them seriously?” wondered Celente. “The first spending package didn’t deliver as promised, and now Obama’s advisors want another stimulus, as if doubling up on failure will achieve success.”
So what is going on in our country? As a nation, I fear we have sent a well-intentioned child in to do an man’s job. This isn’t Hollywood where happy-endings can be written to placate fears. Actually, given Michael Jackson’s recent untimely passing, perhaps the era of happy-endings is long gone, bombarded out of existence in 2001 by the shell shocking events of 9/11.