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."
"The figures we worked off of in January were the consensus figures and most of the blue chip indexes out there," Biden said.
Punditry is easy. Policy is hard.
OK, to be fair, writing articles and speeches that are powerful and persuasive is a demanding job. But crafting sound policy adds layers of complexity.
Example: President Kennedy pledged that Americans will "pay any price, bear any burden, meet any hardship, support any friend, oppose any foe to assure the survival and the success of liberty." Very inspiring. But try translating that into policies toward Iraq, Iran, Afghanistan, Pakistan, Lebanon, Russia, China and Venezuela. That's tough.
President Barack Obama wanted to put a human face on his plans to overhaul health care, and a Virginia supporter did just that Wednesday.
Fighting back tears, Debby Smith, 53, told Obama of her kidney cancer and her inability to obtain health insurance or hold a job. The president hugged her — she's a volunteer for his political operation — and called her "exhibit A" in an unsustainable system that is too expensive and complex for millions of Americans.
We've been here before: A President believes the so-called "war of terror" gives him the right to do whatever he wants, even if it means ignoring the Constitution, without any checks and balances on his abuse of power.
Then the courts step in and say "wait a minute, Mr. President. Even you are not above the law."
It took a while for the courts to crack down on President George W. Bush's frequent -- and excessive -- abuses of power.Read More
A senior White House adviser said Sunday the economic stimulus has not yet "broken the back of the recession" but set aside calls for a second massive spending bill. Republicans, meanwhile, called spending under way a failure.
White House adviser David Axelrod urged patience for President Barack Obama's $787 billion economic stimulus package in the face of sliding poll numbers. Former Massachusetts Gov. Mitt Romney, a past and potentially future presidential candidate, said the spending was ill-designed and served only to expand the size of government.
Facing a rare defeat, President Barack Obama put a big dose of political capital on the line and scored a major victory just when he needed one.
In private telephone conversations and last-minute public appeals, Obama leaned heavily on House Democratic holdouts to support the first energy legislation ever designed to curb global warming. The measure ended up passing in dramatic fashion.
Hours after the House passed landmark legislation meant to curb greenhouse gas emissions and create an energy-efficient economy, President Barack Obama on Saturday urged senators to show courage and follow suit.
The sharply debated bill's fate is unclear in the Senate, and Obama used his weekly radio and Internet address to ratchet up pressure on the 100-seat chamber.
The White House is considering whether to issue an executive order to indefinitely imprison a small number of Guantanamo Bay detainees, concerned that Congress might otherwise stymie its plans to quickly close the naval prison in Cuba.
Under the proposal, detainees considered too dangerous to prosecute or release would be kept in confinement in the U.S. or possibly overseas, two administration officials said Friday. Otherwise, the White House could get bogged down for months seeking agreement with Congress on a new legal detention system.
With lawmakers trying to crunch the numbers on a $1 trillion health care overhaul, President Barack Obama is leaving the door open to a new tax on employer-provided health care benefits.
Senior senators said Wednesday the benefits tax could be essential for the complex plan to be fully financed.
The Teflon on President Barack Obama may be wearing thin as public trust in his ability to deal with the nation's struggling economy drops and he faces increasing opposition on his often radical policies.
Even members of the President's own party now question some of his actions as the nation slides deeper and deeper into an economic black hole.
A new poll shows a seven-point drop of public trust in the President's expensive, and deficit-laden, economic stimulus plan and mounting concerns about his centerpiece public health insurance plan threaten any chance of passage before the August congressional recess.
While public approval of Obama the man remains strong the warning signs suggest the honeymoon is over for the young, inexperienced President and serious political trouble looms.
Some say the bill is coming due and no one can pay it.