Friday, May 06, 2011

Remember Biden's Optimism?

It was about this time last year that Vice President Joe Biden boldly predicted that, because of the administration's "good planning," the U.S. economy would start immediately to create new jobs -- 100,000 to 200,000 jobs in the very next month, with a rising quickly to 250,000 to 500,000 jobs per month.

Hmm. How did that work out? Well, not only were those jobs never created (unless you count those obnoxious census takers last spring), we have been bleeding away more jobs, more opportunities for recovery, more hope for America's future than anyone ever feared.

Yesterday's figures tell the real story. The jobless rate climbed to 9%. Gasoline costs are taking up nearly 10% of the average household earnings. And the price of groceries continues to climb. And that's not even bringing in the enormous trade deficits, the out-of-control government spending, and the trillions and trillions of dollars the United States is in debt.

Still optimistic, Mr Biden? Lord knows, you have absolutely no reason to be.