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Joe Biden: It's Still the 'Bush Recession'

4 years ago
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Vice President Joe Biden is still laying blame for the Great Recession on the administration of former President George W. Bush.

Pressed on NBC's "Today" show about whether President Obama is doing enough to bring down the nation's stubborn 9.5 percent jobless rate, Biden said, "There's never enough when you're trying to restore 8 million jobs lost in the Bush recession."

"My message is, keep the faith," he continued. "We are moving in the right direction and we are creating new jobs that are going to be the kind you raise your family on."
Vice President Joe Biden
Biden's comments came as the Labor Department reported that initial claims for unemployment benefits fell by 11,000 last week -- the third decline in the last four weeks. Seasonally adjusted, that meant 457,000 Americans filed first-time applications for benefits in the week ending July 25.

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33 Comments

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Bob

No, Joe it is Abe Lincoln's recession. Democrats are nortorious for playing the blame game.

July 30 2010 at 1:51 PM Report abuse -5 rate up rate down Reply
1 reply to Bob's comment
Ralph

pot calling the kettle black!

August 23 2010 at 2:12 PM Report abuse rate up rate down Reply
c12cnt41

My car warranty hasn't lasted as long as this excuse for the poor economy. Seems to me that we had a Democratic Congress starting in 2006. So, that my friends is 4 years. So, I would say time to accept part of the blame and give Bush a break!!!! Both sides benefitted during the run up to the brink. People were buying homes they couldn't afford, people were taking vacations on borrowed money and people in most cases weren't preparing for the down times. So, Bush is in Texas and the problem solving should be done in Washington..Don't deflect the issue...Not becoming!!!!

July 30 2010 at 10:44 AM Report abuse rate up rate down Reply
pete

Last weeks weekly unemployment numbers were up 37,000. The existing homes sales were DOWN 5.1%. The CBO gave ominous debt warning this week. The feds "beige book" report said economic growth has stalled in HALF of the countries regions. The Feds also reported durable goods orders fell during June.........all this while Obama reiterates the jounoList narrative on the View of how rosy the economy is and how many jobs they saved...........a stat that can not be quantified. What CAN be quantified is the TRUE unemployment rate, including those unemployed for so long they have fallen off the governments statistical radar, is near 20%.

July 29 2010 at 8:03 PM Report abuse -1 rate up rate down Reply
1 reply to pete's comment
pete

JB
With the JournoList media narrative excluding most unfavorable Facts it should come as no surprise this is news to you. The weekly jobless claims are released by the Dept of Labor.......when the jobless claims eventually go down you will be one of the first to know because the JournoList media will trumpet those facts. EXISTING home sales were down 5.1%.

The rest of the stats are quoted DIRECTLY from articles in today's USA Today.

July 29 2010 at 9:07 PM Report abuse rate up rate down Reply
andrc657

When President Obama and Vice President Biden took office we were on the verge of another Great Depression. We were losing 750,000 jobs a month and many companies and individuals were going bankrupt. This administration's steady and calm leadership are helping to move us forward. We are now adding jobs each month and the economy is improving.

July 29 2010 at 5:44 PM Report abuse -5 rate up rate down Reply
FRED

It has always been the democrat recesson, they started it with giving home loans to those who could never pay for them and it snow balled and it is still growing today.

July 29 2010 at 3:39 PM Report abuse +11 rate up rate down Reply
3 replies to FRED's comment
tnickerson08

Joe biden needs to do the math, 4.5 million jobs have been lost since obama and he took office.

July 29 2010 at 3:34 PM Report abuse +12 rate up rate down Reply
1 reply to tnickerson08's comment
walkingman50

Johnblack, Try the Department of Labor. I'll type slow. Obama comes in at 6.9 % unemployment, unemployment now is somewhere between 9.8-9.9%. At 1,500,000 jobs lost per percentage point ,hopefully, even you can do the math.

July 29 2010 at 4:27 PM Report abuse +6 rate up rate down Reply
Luette

one Trillion in terms you can understand.....if you were a businessman when Jesus was born, and you lost One Million Dollars every day, every month, every year since, it would be October 2737 untill you reached One Trillion......No mater who you prefer to blame, this was purposely done,and is STILL being done to destroy this country.

July 29 2010 at 3:32 PM Report abuse +6 rate up rate down Reply
tnickerson08

If the Republicans are the "party of no"; then the democrats have to be the "party of blame".

July 29 2010 at 3:31 PM Report abuse +9 rate up rate down Reply
cclawnj

Biden's got a point, sort of. We associate the great depression with Hoover even though Roosevelt's continuation and extension of Hoover's policies deepened and prolonged it. Same here. The current recession started under Bush, and Obama made it much, much worse by grossly overspending in a dismal economy. Where Biden abandons any claim to credibility is when he insists that the government is "on the right track." Someone needs to tell him the administration's "track" leads over the precipice!

July 29 2010 at 3:31 PM Report abuse +1 rate up rate down Reply
tnickerson08

What happened to the "summer of recovery"? So where are all of those 3.5 million stimulus jobs?

July 29 2010 at 3:30 PM Report abuse +8 rate up rate down Reply

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