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Bidenomics: 4.6% Unemployment Rate Means “Something Is Wrong,” But 8.3% Means “America Is Coming Back”

Yet Another Example of Why America Is Concerned about this Administration's Economic Theories

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Washington, Apr 2, 2012 | comments

 

Joe Biden Quote

Did Biden say it when the U.S.
unemployment rate was…?

Correct Answer


“The latest reports from the job market show yet another disappointingly small increase in the number of Americans finding work, and the persistence of very troubling stagnation in wages.  Something is wrong, this far into an economic recovery, when the job picture is this weak.”

 

 4.6%
or
 8.3%

 


Correct answer is 4.6%.

Then-Senator Joe Biden gave this downbeat assessment of the U.S. economy on June 7, 2006, when the U.S. unemployment rate was 4.6% and 2.5 million jobs had been created in the past 12 months.

 
“Folks, it's not just manufacturing that’s coming back.  The middle class is coming back.  America is coming back.  Worker by worker, home by home, neighborhood by neighborhood, the country is coming back.” 

 

 
4.6%
or
8.3%

 

Correct answer is 8.3%.

Vice President Joe Biden gave this sunny review of the U.S. economy at a campaign event on March 28, 2012, when the U.S. unemployment rate was 8.3% and had been above 8% for 37 straight months.

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