Remember when Bush's White House had bad economic news, like job losses or low job growth, it was always touted as 'less bad,' therefore it is good news? Remember the 'nerve' of it all? Like we couldn't understand that 'less bad' really meant '....poor economic performance?' Nothing like insulting the intelligence of the American people, right?
Well, it would seem the 'integrity' of the American people is intact with the Obama Administration. Joe Biden says it the way it needs to be said.
...The Labor Department (click here) reported that while employers cut 345,000 jobs in May -- the lowest monthly total since September -- the national unemployment rate still rose to 9.4 percent, the highest in more than a quarter century.
Biden called the numbers "tough" but said there are also "some signs of hope today," according to the press pool report before his meeting with his chief economist, Jared Bernstein, and Christina Romer, chairwoman of the White House Council of Economic Advisors.
Still, he told reporters, "It doesn't satisfy me, it doesn't satisfy the president. Less bad is not how we're going to measure success. We will not be satisfied until we are adding jobs on a monthly basis."
He did not offer more specifics about the Monday announcement.
Biden, who was put in charge of overseeing the recovery package by Obama, said that 3,600 projects are underway from the stimulus package, and that today's jobs report shows "some signs" of this.
"We still have a very long way to go," Biden said, adding "We're working to build that foundation every day we're here." (His full remarks are below.)...
Biden touts stimulus as tour begins at Pa. bridge (click here)
By PETER JACKSONASSOCIATED PRESS WRITER
CARLISLE, Pa. -- Vice President Joe Biden said Thursday the $787 billion economic stimulus program is creating jobs with infrastructure projects like the replacement of a dilapidated bridge in central Pennsylvania, the first stop of a cross-country "Road to Recovery" tour.
Biden led a delegation from the Obama administration to the groundbreaking for the bridge in Carlisle....
...Rendell said the roughly 80-year-old bridge, rated structurally deficient and functionally obsolete by the state, was in "terrible condition" when Biden visited the site in February, before Congress approved the stimulus package.
"We actually looked through holes in the bridge and (saw) the creek below," the governor said.
