Joe Biden: 'We Misread' the Economy

In an interview with ABC's George Stephanopoulos this weekend, Vice President Joe Biden gave a candid assessment of the administration's initial diagnosis of the nation's economic problems, stating, "We misread how bad the economy was." Watch:



To the right of the administration, Republican critics argue that the stimulus hasn't worked and that the government never should have spent the money. To the left, detractors like New York Times columnist Paul Krugman argue that President Obama and Biden didn't spend nearly enough. With the jobs picture worsening in June, there is plenty of blame to go around, but no consensus has formed as to the best way forward.

To see just how the stimulus money is being spent, you can visit Recovery.gov. And The Wall Street Journal has a wonderful interactive map so you can see just how much money your state will receive over the coming months.

But what's your opinion? Has the administration spent too much, too little, or do they have it just about right?


David at Paradigms Lost
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