Saturday, December 20, 2008

Biden: The economy is 'in much worse shape than we thought' - From CNN

Vice president-elect Joe Biden told an interviewer the nation’s economy “is in much worse shape than we thought it was in,” and the immediate goal is to pass another stimulus package to prevent it from "absolutely tanking."

"There is going to be real significant investment," Biden said in an ABC interview scheduled to air Sunday. "Whether it's $600 billion or more, or $700 billion, the clear notion is, it's a number no one thought about a year ago.

"…The single most important thing we have to do as a new administration, to have — to be able to have impact on all of the other things we want to do, from foreign policy to domestic policy, is we've got to begin to stem this bleeding here and begin to stop the loss of jobs in the creation of jobs," said Biden, who also said he had spoken with members of Congress from both parties about a new stimulus.

Biden (above: in Chicago with President-elect Obama last week), gave his first interview since the election.

Vice President Elect Joe Biden states his opinion on the Economy.

Biden -– who drew criticism from some recently for adopting a German shepherd puppy from a breeder instead of a shelter — also said in the interview he and his wife would be getting a “pound dog” as well, possibly a golden retriever.

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