Sunday, July 5, 2009

Biden says Obama administration ‘misread how bad the economy was,’ promises more jobs

WASHINGTON — Vice President Joe Biden said the Obama administration “misread how bad the economy was” but stands by its stimulus package and believes the plan will create more jobs as the pace of its spending picks up.

Biden, in an interview airing Sunday on ABC’s “This Week,” said the nation’s 9.5 percent unemployment rate is “much too high...”