June 25, 2010 5:52 PM

Biden: We Can't Recover All the Jobs Lost

By
Stephanie Condon
Topics
Economy
Joe Biden (Credit: AP Photo)

Vice President Joe Biden gave a stark assessment of the economy today, telling an audience of supporters, "there's no possibility to restore 8 million jobs lost in the Great Recession."

Appearing at a fundraiser with Sen. Russ Feingold (D-Wisc.) in Milwaukee, the vice president remarked that by the time he and President Obama took office in 2008, the gross domestic product had shrunk and hundreds of thousands of jobs had been lost.

"We inherited a godawful mess," he said, adding there was "no way to regenerate $3 trillion that was lost. Not misplaced, lost."

Claims for jobless benefits fell by the largest number in two months last week, but were still high enough to signal weak job growth. Meanwhile, the Senate on Thursday failed to pass an extension of unemployment benefits.

Biden said today the economy is improving and noted that in the past four quarters, there has been 4 percent growth in the economy. Over the last five months, more than 500,000 private sector jobs were created.

"We know that's not enough," the vice president said.

Last week the White House put out a Recovery and Reinvestment Act update claiming that between 2.2 million and 2.8 million jobs were either saved or created because of the stimulus as of March 2010. In signing the Recovery Act into law on Feb 17, 2009, Mr. Obama said the measure "will create or save 3-and-a-half million jobs over the next two years."


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by gekkobear August 16, 2010 1:44 PM EDT
Yes, remember how awful things were in 2006 when Democrats "inherited" this mess?

You know, when they took control of the House and the Senate, starting passing financial legislation and budgets with a majority in Congress...

Oh, Biden's still pretending that Republicans had full control until 2008 isn't he?

Sorry charlie, you had control for 2 years before things went south... did you not see it coming then, not care, were you too incompetent to help avoid it, or did you guys cause it? Is there another choice?

Oh yeah, Blame Bush... good luck with that. How has 4 years of Congressional control for Democrats gone for you guys? Are you better off than you were 4 years ago anyone?
Reply to this comment
by Sporty96 September 26, 2010 3:28 PM EDT
We see the destruction Bush has left for the democrats.
Bush wrote his own laws and illegally created legislation he wish. He also ignored laws he wish to while making ones that were not.

2008 President Bush signed into law Friday a historic $700 billion bailout of the financial services industry, promising to move swiftly to use his sweeping new authority to unlock frozen credit markets to get the economy moving again.

http://en.wikipedia.org/wiki/2009_United_States_federal_budget

2009 Budget of the United States federal government

Submitted by George W. Bush
Submitted to 110th Congress
Total revenue $2.7 trillion (estimated)
Total expenditures $3.107 trillion (estimated)
Deficit $407 billion (estimated)
Debt $12.867455 trillion (estimated)
Website US Government Printing Office

There were over 8 million America jobs outsourced under the Bush Administration.

Now that the democrats have been in power to repair the destruction of the Bush administrations' destruction to our jobs , economy & middle class,,,,,
they have become a party of NO or filibuster against any legislation for the welfare of the middle class.
by jpinsatx July 4, 2010 7:14 PM EDT
The Great Recession - 8 Million Jobs Lost!

Hmmm... All the charts, graphs and technical terms cannot hide the truth... the problem is and has always been Employment.

The USA exports more JOBS than any other country in the entire world. How do we reverse it? How do we stop it? How do we put Americans back to work?

Not with tax cuts. Not with deregulation. Not with bailouts. Not with stimulus money. Not with health care. Not with interest rates.

In the USA, there is only one way fix the problem... STOP Exporting Jobs and STOP Importing Outsourced Products.

We MUST Make Outsourcing Unprofitable... Tariff, Tax and Levy!

The Stop Outsourcing and Create American Jobs Act of 2010 (H.R. 5622)
just may be the answer!
Reply to this comment
by jgoulet777 July 27, 2010 10:33 AM EDT
The only issue with H.R. 5622 is that it only regulates companies on their dealings with government taxes. Tariffs need to be placed on all work outsourced by American companies overseas.
by jgoulet777 July 27, 2010 10:34 AM EDT
government *contracts*... excuse me
by MarkSQueen July 1, 2010 12:10 PM EDT
I've got an idea let's outsource Biden!
Reply to this comment
by bleedbabyblu June 29, 2010 8:00 AM EDT
What Bite Me meant to say was "we can't recover all of these lost jobs with the policies of this administration." What a dufus. If the WH and Congress would just get the heck out of the way, the ecomomy would turn around as it always has. These socialist in the Obama WH don't want free enterprise to work. How can the media keep pumping the horse hockey out?
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by Tarmangani1 June 29, 2010 2:37 AM EDT
Things were about as bad as Reagan was handed. Things were not as bad as they were in the depression of 1920. Both of these were turned around by tax and spending cuts.

Obama comes in and does just what FDR did and we are supposed to be surprised when it had the same results as in the 1930s? FDR extended the depression and now Obama is extending the recession. If we cut taxes and cut spending (instead of tripling it) we will see the jobs come back.
Reply to this comment
by steve5150 July 12, 2010 3:47 PM EDT
AMEN!
by azsis June 29, 2010 1:52 AM EDT
Joe Biden is nothing more than "Life-Insurance" for Obama... No nut-case would ever think of harming the president when they see who would succeed him!!! He is entertaining as hell, though!!!
Reply to this comment
by PubliusII June 28, 2010 11:24 PM EDT
"We Can't Recover All the Lost Jobs", really Mr. Vice President? Why don't you and the rest of the Obama Administration and Congress get out of the private sector, get out of our way, and watch the jobs come back. If the economy collapsed DC will have caused it. Leave us alone, read the Constitution you swore to protect and retire.
Reply to this comment
by newslady2 June 28, 2010 7:44 PM EDT
Wow, Biden says they can't get all the jobs back, and Napolitano says they can't close all the border. Sounds like none of these jokers can do their jobs. This administration is full of clowns.This Administration is beyond scary. Obama is filling his staff with people not able to do their jobs just like himself. No one can get anything done
Reply to this comment
by phatfinger June 28, 2010 5:31 PM EDT
No, not all of them , just mine - Biden
Reply to this comment
by WakeUpRepublicans June 28, 2010 5:28 PM EDT
Sinnick, I really need to get some work done today, but I like our bantering. I honestly do give money away... not millions... but certainly more than most others. Let me tell you a story... I was sitting in my office when Haiti was the big news... One of my employees walks in while I am on-line donating to the Red Cross. He looks at me and says,"Why are you giving those people money? You are just enabling them." He is a hardcore Republican from a rich family and he is payed well. Now certainly this does not mean all Republicans feel like this, but in my experience, it always seems to be the "Republican Mind-Set" that find excuses not to help others. Take you for example, your 50, you sound like a hard worker who has a nice family and a pleasant home to live in. I also have those things and even a 401K, great medical insurance and lots of other odds and ends that make life comfortable. I was a huge supporter of the "Public Option",
although I would have preferred "Single-Payer". I already have insurance I can afford, but it was not about me, it was about people perhaps like you who have worked hard and deserve to have insurance they can afford to protect themselves and their families. Many people contribute as productive Americans. Why as Americans should they have to risk everything they have worked for to feed money into an out-of-control healthcare system so that a few can prosper over another's misfortune. Yet, there are many who would call me a socialist, but the truth is, I like to think of myself as more of a humanitarian...and unfortunately that Republican way of thinking does not play into what I would consider a happy and healthy America. You can call me a liberal, an idealist, or whatever, I am pretty tough skinned, but I do know I like the person I see in the mirror every mourning... I can hear you calling me a "Feel-Good Liberal" right now.(ha!ha!)
Reply to this comment
by Angelsareallaroundus June 28, 2010 10:59 PM EDT
I feel the same way!!! I wish everyone did too! This world would be a much nicer place! Thank you for writing this; It's nice to see I'm not alone and someone else has a heart. HUGS!
by azsis June 29, 2010 1:58 AM EDT
your comments are awfully bigoted against Republicans! Did you fail to see how much (or rather how little) our Vice-President regularly contributes to charitable causes?? (and He's a Democrat!) If you're going to be truly honest, you'll see that greed exists in ALL political parties!
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