Biden says ‘everyone guessed wrong’ on jobs number
WASHINGTON – Vice President Joe Biden says "everyone guessed wrong" on the impact of the economic stimulus.
Biden says the economy was worse off than anyone thought when officials estimated the number of jobs that could be saved or created under the administration’s $787 billion stimulus spending.
Biden says White House economists used standard formulas to estimate that 3.5 million jobs would be saved or created under the plan Congress passed earlier this year.
Biden says money is flowing out of Washington to help states and cities build roads, hire teachers and update infrastructure. He promised 600,000 new jobs in the coming months.
Hopefully they make a good guess when it comes to North Korea and Iran...