Republicans reminded Vice President Biden of the prediction he made that the stimulus would fix the economy in 18 months.
Senate Republicans on Tuesday reminded Vice President Joe Biden of the prediction he made in February of 2009 that the stimulus package would pull the economy out of the recession in 18 months — in August 2010.
“This [stimulus] is about getting this out and spent in 18 months to create 3.5 million jobs,” Biden said in February of last year, adding the package contains provisions that “literally drop-kicks us out of this recession.”
Republicans point out that the U.S. Department of Labor shows more than 3.3 million jobs have been lost since the stimulus was enacted in February of 2009. The Bureau of Labor Statistics shows the unemployment rate held steady at 9.5 percent in July. The rate was approximately 7.7 percent when Obama signed the stimulus into law.