On ABC’s “This Week,” Vice President Joe Biden had this to say about the economy:

 

“We misread how bad the economy was, but we are now only about 120 days into the recovery package,” he said. “The truth of the matter was, no one anticipated, no one expected that that recovery package would in fact be in a position at this point of having to distribute the bulk of money.”

 

Oddly enough, though, it was the Administration that predicted unemployment numbers to rise into the double digits if the stimulus didn’t pass.  So is the problem whether they misread the economy or passed a worthless stimulus plan?

 

It may be a relief to many that Biden is not yet openly calling for a second stimulus.

 

“So, no second stimulus?” [Stephanopoulos] asked.

“No, I didn’t say that,” Biden said, “I think it’s premature to make that judgment. This was set up to spend out over 18 months. There are going to be major programs that are going to take effect in September, $7.5 billion for broadband, new money for high-speed rail, the implementation of the grid — the new electric grid. And so this is just starting, the pace of the ball is now going to increase.”

 

Now we’re waiting until September?  We have already rolled back projections for stimulus success several times.  Soon, we’ll be expecting it to start working by January.

 

Watch the video here.