Monday, July 27, 2009

Jolt or no jolt: Biden versus Biden

Mark Silva calls attention to this quote from Joe Biden's recent op-ed in the New York Times: "The [economic recovery] act was intended to provide steady support for our economy over an extended period -- not a jolt that would last only a few months."

Unfortunately for Joe Biden, we have the Internet:

As recently as June, at a roundtable in New York, Biden called the Recovery Act "an initial big jolt to give the economy a real head start.''

In March, the vice president said ''the Recovery Act, as we call it, provides a necessary jolt to our economy to implement what we refer as 'shovel-ready' projects.''

And in November, as a new White House in planning was assembling its new economic team, President-elect Barack Obama said: "The most important thing to recognize is that we have a consensus, which is pretty rare, between conservative economists and liberal economists, that we need a big stimulus package that will jolt the economy back into shape and that is focused on the 2.5 million jobs that I intend to create during the first part of my administration. We have to put people back to work.


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