Biden: Without Stimulus, U.S. Would Go Bankrupt
“People, when I say that, look at me and say, ‘What are you talking about, Joe? You’re telling me we have to go spend money to keep from going bankrupt?” he said. “The answer is yes.”
Since I don’t know whether to laugh or to cry, I guess I’ll have to do both.
Biden credited the recovery package for thawing the credit freeze that stifled loans and left businesses unable to borrow or, in some cases, survive.He said it saved thousands of jobs of public employees, including jobs in schools, fire departments and law-enforcement, and punctuated his point by announcing $1.6 million in new federal stimulus cash for Richmond’s police department.
What was it that the O said, “working as intended”? Yes, I do believe it is. I guess those are what he meant by jobs “saved or created”.