Community | June 27, 2012 | 5 comments

Biden: Economy a ‘Depression for Millions and Millions of Americans’

source: http://abcnews.go.com/blogs/politics/2012/06/biden-economy-a-depression-for-millions-and-mil...

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letsliveinpeace

http://abcnews.go.com/blogs/politics/2012/06/biden-economy-a-depressi...

Vice President Joe Biden today offered a blunt assessment of the plight of the unemployed, telling supporters at a campaign rally in Iowa that the economy remains “a depression for millions and millions of Americans.”

“The unemployed are in real trouble,” Biden said in a speech on the banks of the Mississippi River in Dubuque. “My grandpa used to say, from Scranton, he’d say, ‘Joe, when the guy in Dunmore…is out of work, it’s an economic slowdown. When your brother-in-law is out of work, it’s a recession. When you’re out of work, it’s a depression.’”

“It’s a depression for millions and millions of Americans,” he said.

The VP, on his second stop on a two-day campaign swing through the Midwest battleground state, conceded that recovery from the recession has not come fast enough, but assured his audience that the administration’s policies were bearing fruit, particularly in the manufacturing sector.

Biden said putting GOP rival Mitt Romney in the White House would erase progress and lead to potentially fewer jobs.

“Look Mitt Romney has been saying from the beginning … I’m a businessman, I’m a job creator. I was saying he didn’t create many jobs but turns out I was wrong. You’ve got to give him credit: He created a hell of a lot of jobs in Singapore, China, India,” Biden said referring to a recent Washington Post report that accused companies backed by Romney’s Bain Capital of shipping work overseas.

“The problem is guys in my old neighborhood don’t live in Singapore, they don’t live in China,” Biden quipped to laughter and applause.

“I can picture one guy … standing next to another guy in the unemployment line and saying ‘Hey John, did you get offshored or outsourced? Which happened to you?’ Do you think it matters to the American worker? Do you think it matters to the community?” Biden asked.

“There’s a huge disconnect between what he says and what he means and what he’s done,” Biden said.

http://abcnews.go.com/blogs/politics/2012/06/biden-economy-a-depression-for-mill...
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5 comments // Biden: Economy a ‘Depression for Millions and Millions of Americans’

  • PressCore
    • 0
      PressCore  

    • The Zombie Economy. I've come to the realization that
      so few citizens are intelligent enough to understand the basis for our
      zombie economy is a foreign owned central bank legitmately allowed
      to counterfeit their own currency. And that that central bank has been
      bleeding all the resources of the USA & it's people for the benefit of the
      ,0001% who own it for 99 years now. It doesn't take a genius to add 2
      plus 2 and come up with 4. We're all yoked with a corrupt monentary
      system amounting to a Ponzi Scheme of fraudulent conversion &
      embezzelment of monentary valuation. And yet all most people can
      say is Duh...They don't even know, and if they did, most likely wouldn't
      care, that their dollars are only fractional notes worth 2 Copper pennies
      of real money. That hyperinflation is just around the corner once the
      U.S.dollar looses it's privileged status as the world's reserve currency.
      Which has to happen eventualy.

    • 10 months ago
  • Milieu
  • SamVimes
    • 0
      SamVimes  

    • “It’s a depression for millions and millions of Americans,” I've been telling people this for some time. Things are good where I live (2.9% unemployment and a growing community). I'm not a fan of the current administration, but I hope Biden's message reaches more people. Not enough people realize how hard others have been hit by this economy.

    • 11 months ago
  • cpad
  • letsliveinpeace
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