Biden Doubts US Recovery

I was unable to come up with a title for this one that exactly captured what Vice President Biden said. What I ended up with is close, but let's look at what happened.

VP Biden believes that although PresBo's stimulus program has "saved or created" 2.8 million jobs, "there's no possibility to restore 8 million jobs lost in the Great Recession." He also said there was "no way to regenerate $3 trillion that was lost. Not misplaced, lost."
http://www.cbsnews.com/8301-503544_162-20008924-503544.html

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."

There speaks a man who has no faith in the free market economy that has been responsible for our prosperity, not to mention a man who is running into the brick wall of reality on government-created economic growth.


The fact is that our private sector is very good at creating new jobs and growth IF the government can resist the temptation to meddle and try to control them. Another fact: government CANNOT create economic growth, jobs, and prosperity, because every dime it spends has to be paid for by taking money away from taxpayers... the private sector.

But I find his pessimism revealing. It reveals a complete lack of faith and trust in what has made America great. It conveys a complete lack of understanding of how the real world works. For although these comments show that he NOW doubts government can create economic growth and prosperity, he hasn't made the leap to believe that the private sector CAN... if allowed to do so.

Piling taxes and new regulations on businesses won't do the trick. I've said this time and time again: If we make it easier and less expensive to do business, we will get more people wanting to do business!

So. Hat's off to the Vice-Presidential doubter of our nation.

I believe we CAN regain economic strength and momentum again. But we need government to back off its "control everything" agenda. We need government to stop trying to double spending every year and start trying to reduce spending and pay down the national debt. We need government to repeal taxes, roll back overly burdensome regulations (like this one... oil spill regulations for spilled MILK!), and let businesses grow and evolve naturally.