Sunday, July 04, 2010

HAVE WE RUN INTO THE 30% THAT BIDEN MENTIONED?

In February 2009, VP Biden stated that there is a significant chance that the stimulus bill may not work. Because this was common knowledge in the Administration, why didn't it act sooner to increase stimulus spending?
Biden Urges Passage of Stimulus Despite Voter Backlash
February 6, 2009, 11:27 AM ET
By Mary Lu Carnevale
Susan Davis reports from Williamsburg, Va., on the House Democrats’ retreat.
WALL STREET JOURNAL

The vice president also offered some trademark candor about the prospects of success.
He recalled a recent White House meeting with the president and senior aides in which they were discussing the many challenges the country faces. “If we do everything right, if we do it with absolute certainty, there’s still a 30% chance we’re going to get it wrong,” was his message at the meeting.

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