Vice President Joe Biden said the Obama administrationâ€™s efforts to rebuild Americaâ€™s economy are working and he expressed frustration with those who say progress is too slow.
â€œRemember, weâ€™re only 140 days into this deal. Itâ€™s supposed to take 18 months,â€ Biden said in a speech after touring a redevelopment project in Cincinnati.
Biden ticked off the programs funded through the $787 billion economic stimulus measure enacted in February. Thousands of jobs a day have been saved and interest rates have been kept low, saving middle-class families $1,200 to $1,600 a year in mortgage payments, he said.
Ohioâ€™s economy has been hit hard by the recession. The stateâ€™s unemployment rate in May was 10.8 percent, up from 10.2 percent in April and higher than the national average of 9.4 percent. The state lost 4.9 percent of its jobs between May 2008 and 2009, and manufacturing jobs plummeted by 16.7 percent during that period, according to the Bureau of Labor Statistics.
The vice presidentâ€™s trip follows a poll that found that President Barack Obamaâ€™s approval rating has dropped by 13 percentage points from two months ago in Ohio, traditionally a critical swing state in presidential elections.
The survey by Quinnipiac University released July 7 showed 49 percent of Ohio voters approved of Obamaâ€™s job performance, down from 62 percent in a May 6 poll. The disapproval figure for Obama in the new poll was 44 percent, up from 31 percent in May.
Ohio â€œhas been hard hit through no fault of your own,â€ Biden told the crowd today. So far, $4.4 billion in Recovery Act funds have been set aside for Ohio, including $2 billion for education, $1 billion for health care and $445 million for transportation, he said.
â€œThese investments are already lifting up Cincinnati,â€ he said.
Biden toured the site of the American Can Company, an abandoned factory on the cityâ€™s north side which is being converted into a complex of apartments, offices and stores. Stimulus funds will pay $1.6 million of the projectâ€™s cost and create as many as 100 jobs, Biden said.
No, just an embellishment of the truth which is worse.
Biden and the congressional Democrats need to take responsibility for their poor performance and patience in this case is just another excuse.
How about a real economic stimulus and cancel the rest of the pork spending, Mr. Vice President?