Vice President Joe Biden gave a stark assessment of the economy Friday, 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.”
Claims for jobless benefits fell by the largest number in two months last week, but were still high enough to signal weak job grow.
Full story: Biden admits we can’t recover all lost jobs – CBS News
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