Biden may have muddied the waters in mid-2009
"In the past week, the administration has acknowledged its projections were wrong.
"The truth is, we and everyone else misread the economy," Biden said. "The figures we worked off of in January were the consensus figures in most of the blue chip indexes out there. ... And so the truth is, there was a misreading of just how bad an economy we inherited."
with a bottom line from Politifact of:
"it's difficult to empirically prove whether they're right or wrong. We're certainly not going to try here. What we can rule on, however, is whether the Obama administration "promised" that unemployment rates would not rise above 8 percent if the stimulus were passed. We could find no instance of anyone in the administration directly making such a public pledge."
they originally called it "barely true," then changed it to "mostly false."
basically, a projection vs a promise.
"In the past week, the administration has acknowledged its projections were wrong.
"The truth is, we and everyone else misread the economy," Biden said. "The figures we worked off of in January were the consensus figures in most of the blue chip indexes out there. ... And so the truth is, there was a misreading of just how bad an economy we inherited."
with a bottom line from Politifact of:
"it's difficult to empirically prove whether they're right or wrong. We're certainly not going to try here. What we can rule on, however, is whether the Obama administration "promised" that unemployment rates would not rise above 8 percent if the stimulus were passed. We could find no instance of anyone in the administration directly making such a public pledge."
they originally called it "barely true," then changed it to "mostly false."
basically, a projection vs a promise.
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