Worth Noting

POLITICO Playbook

July 25, 2009

TALKER -- THE VICE PRESIDENT HAS AN OP-ED IN THE TIMES -- “What You Might Not Know About the Recovery,” by Joe Biden: “The actions we took — passing the Recovery Act, stabilizing the banking system, pressing to get credit flowing again and helping responsible homeowners — brought us back from the precipice. … The Recovery Act is not the cure for all our economic ills — no single piece of legislation could be. But how many government initiatives can point to both large numbers of projects coming in under budget and a Government Accountability Office finding that we are ahead of schedule in key areas? … [T]he way I see it, our balanced approach recognizes that there is no silver bullet, no single thing, that can address the many and complex needs of America’s vast economy. We need relief, recovery and reinvestment to cope with our multifaceted crisis — and only 159 days after it was signed by President Obama, the Recovery Act is already at work providing all three.” http://tr.im/u4O4

SHOT -- THE VICE PRESIDENT TODAY: “[T]he act was intended to provide steady support for our economy over an extended period — not a jolt that would last only a few months.”

CHASER 1-- THE VICE PRESIDENT in March: “The Recovery Act, as we call it, provides a necessary jolt to our economy.”

CHASER 2 -- PRESIDENT-ELECT OBAMA in November: “[W]e have a consensus, which is pretty rare, between conservative economists and liberal economists, that we need a big stimulus package that will jolt the economy back into shape.”

CHASER 3 -- PRESIDENT OBAMA, at his first press conference: “[W]ith the private sector so weakened by this recession, the federal government is the only entity left with the resources to jolt our economy back to life.”

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