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Biden predicts economy will create up to 500,000 jobs a month soon

By Garance Franke-Ruta and Frank Ahrens
Vice President Biden predicted Friday at a Pennsylvania fundraiser that the U.S. economy would be adding up to 500,000 jobs each month "some time in the next couple of months."

"All in all we're going to be creating somewhere between 100[,000] and 200,000 jobs next month, I predict," Biden said, according to a pool report, adding that he "got in trouble" for a job growth prediction last month. "Even some in the White House said, 'Hey, don't get ahead of yourself.' Well, I'm here to tell you, some time in the next couple of months, we're going to be creating between 250,000 jobs a month and 500,000 jobs a month."

"We caught a lot of bad breaks on the way down," Biden added. "We're going to catch a few good breaks because of good planning on the way up."

Most forecasters had expected about 200,000 new jobs to be created in March. Instead, a total of 162,000 new jobs were created on non-farm payrolls -- the biggest one-month jobs gain in the past three years, but still well below what economists were predicting.

The difference was largely attributable to fewer people than expected being hired by the government as census workers. But analysts said the numbers also illustrated the slow and wobbly nature of the ongoing economic recovery. A prediction of 500,000 jobs per month would be considered optimistic.

Biden was in Pittsburgh for a brunch fundraiser on behalf of U.S. House candidate Mark Critz, a former aide to the late Rep. John Murtha who is seeking to win his former employer's seat in a May special election.

By Garance Franke-Ruta  |  April 23, 2010; 6:10 PM ET
Categories:  44 The Obama Presidency , Economy  
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Comments

LMAO! This is funny stuff! We have an incompetent who consistently breaks his promises and an idiot who does not understand unemployment!

Bring on November! We got to limit the damage being wrought on by these two!

Posted by: warhawk911 | April 26, 2010 8:26 AM | Report abuse

Ahem...Stichmo...please see the unemployment numbers from the BL&S:
http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?data_tool=latest_numbers&series_id=LNS14000000
9.7% Unemployment rate, excluding those who dropped out of the system for sustained unemployment and no longer receiving unemployment...man!..That's something to be optimistic about?

Posted by: clarkohrepub | April 26, 2010 7:44 AM | Report abuse

This guy is a total bafoon. Obama must have heard from someone in the know that this guy would make him look like james bond as opposed to the absolute cheeseball that he is.

Although, I think joe should be throwing out the pitches from now on. Maaaan. I thought Obama sucked at bowling. Jeeez. I know some special olympians that felt pretty dang good on that day. It is as if he didn't even know the things existed.

Can you imagine..... You want me to do what? What the hell is bowling..... base..ball?

Posted by: shakes3 | April 25, 2010 9:13 PM | Report abuse

Its clear that the downturn was worse than it needed to be. The bridge loans were totally acceptable. The banks are strong again and no more retard loans going out so everything is fine. Didn't need to be this bad. we have a spastic jerkoff media that is just culpable as anyone for the overreaction and needless fear. They got to eat to right?

Anyway now we have to sit and watch the holy moly eunuch save us from the next not so big deal. From now on, instead of bulls and bears we will call them Queers and fairies. I know, whats the difference?
THATS THE POINT.

At least we can say we witnessed the transcendency of hope into the nether regions of godlike Obamanessness.

Epic Puke.

Posted by: shakes3 | April 25, 2010 8:59 PM | Report abuse

Right Mr. VP, and UNEMPLOYMENT won't go over 8%. And if 500,000 people do get hired in 1 month how many of them will be hired by the Government? Obamanomics: You work for the Government, You work for a union for a company owned by the Governnment, you are UNEMPLOYED!!!

Posted by: valwayne | April 25, 2010 8:47 PM | Report abuse

I think what Biden actually said was,
" the economy will create a bazillion, gazillion jobs..."

What an IDIOT he is

Posted by: johns_51 | April 25, 2010 7:51 PM | Report abuse

HAHAHAHAHAHAHAHAHAHA!

*catching breath, wiping eyes*

HAHAHAHAHAHAHAHAHAHA!

Posted by: Taxpayer12 | April 25, 2010 1:03 PM | Report abuse

The "stimulus" was passed with the Promise that unemployment would not go above 8.0% over the next two years.

Every second of every day, that unemployment is above 8.0%, the Stimulus is a failure.

The still viable Free Market portion of the economy is trying to come back despite the government stimulus sucking all the credit out of the economy to finance it's stimulus.

Furthermore, employers only began firing their employees in massive numbers after the horror of an Obama Presidency became reality.

Today, government is growing their workers. The Census is hiring in droves and the Private Sector is standing on the sidelines.

Biden predicts what he knows the government is doing.

People still see their husband, wife, boyfriend, girlfriend, father, mother, son, daughter, niece, nephew, cousin
n, friend, neighbor still unemployed.

If the media tries to lie to them about this, then confidence in government will go from 19% to 0%.

Every second of every day, that unemployment is above 8.0%, the Stimulus is a failure.

Posted by: Washington13 | April 25, 2010 10:44 AM | Report abuse

It must be nice to live in the world of DC millionaires living off the tax payers and representing the welfare bums. Not a single person out of the dozens of unemployed I know has found a job despite their best efforts. This band of robbers needs to shut up and get out of town. Watching the community organizer turn our nation into a giant housing project is heartbreaking.

PS -- Please join the fight to keep Guam from tipping over.

Posted by: jimmycoomer | April 25, 2010 7:33 AM | Report abuse

dang, I can not spell at 2:30 am either !!

Posted by: stevep41 | April 25, 2010 2:24 AM | Report abuse

Florida Back to Work Subsidized Employment Project

That's just in the state of Florida.
Temporary 3 month jobs being subsidized by the government.

Look into it and you will be appauled or ammazed.

Most jobs start in August and last 3 months.

Posted by: stevep41 | April 25, 2010 2:18 AM | Report abuse

Florida Back to Work Subsidized Employment Project

That's just in the state of Florida.
Temporary 3 month jobs being subsidized by the government.

Look into it and you will be appauled or ammazed.

Most jobs start in August and last 3 months.

Posted by: stevep41 | April 25, 2010 2:14 AM | Report abuse

Florida Back to Work Subsidized Employment Project

That's just in the state of Florida.
Temporary 3 month jobs being subsidized by the government.

Look into it and you will be appauled or ammazed.

Most jobs start in August and last 3 months.

Posted by: stevep41 | April 25, 2010 2:13 AM | Report abuse

When President Obama took office, the employment data showed the following net jobs added / (lost) in thousands:
Dec-07 120
Jan-08 (72)
Feb-08 (144)
Mar-08 (122)
Apr-08 (160)
May-08 (137)
Jun-08 (161)
Jul-08 (128)
Aug-08 (175)
Sep-08 (321)
Oct-08 (380)
Nov-08 (597)
Dec-08 (681)
Jan-09 (741)
The economy had gone over the cliff and was spinning out of control, gaining negative velocity. We were in the middle of six months with job losses exceeding 500,000 jobs per month. President Bush’s TARP program in the fall of 2008 was the first attempt to stop this slide. The Economic Recovery bill was the next attempt. We tried housing credits and cash for clunkers. The bills that passed Congress were filled with a mish mash of extended unemployment benefits, funding for infrastructure, and pure pork. Anyone would admit they were less than perfect. So what happened?
Feb-09 (681)
Mar-09 (652)
Apr-09 (519)
May-09 (303)
Jun-09 (463)
Jul-09 (304)
Aug-09 (154)
Sep-09 (139)
Oct-09 (127)
Nov-09 64

The jobs numbers are moving in the right direction without the census hiring. Washington13 is right that the numbers in the next few months will be inflated by census hiring. But given the jobs data, it is tough to say that TARP and the stimulus didn't work.

Posted by: stichmo | April 24, 2010 11:54 PM | Report abuse

Biden/Obama lied.. faith in government died.

Posted by: jadams76 | April 24, 2010 11:17 PM | Report abuse

Biden doesn't even need to insert his foot when he opens his mouth. His foot is already in there, and it just kind of wobbles around as he spits out words.

Obama can thank his lucky stars last year that McCain got to the gaffe of being over-optimistic about the economic downturn before Biden did. If Biden had expressed similar optimism during that September about the fundamentals of the economy being strong, which in a nutshell is what he is saying now, except that he is tying specific numerical predictions to his statement, which is even more risky, then Obama might still be a senator from Illinois right now.

Posted by: blert | April 24, 2010 11:07 PM | Report abuse

Most Americans are not as stupid as Biden is.

Posted by: corebanks1940 | April 24, 2010 10:17 PM | Report abuse

Most Americans aren't as stupid as Biden thinks we are.


Posted by: Washington13 | April 24, 2010 1:27 PM
=========================================

Oh yes.

Americans are THAT STUPID.

They believe anything the MSM tells them and do whatever the MSM tells them to do.

Case in point the one party rule in the United States at this moment.

DemocRATS are taking us down a steep hill which we might not climb out of.

Right Joe?

Posted by: ahartnack | April 24, 2010 5:58 PM | Report abuse

Yes... we can rely on joe biden's integrity.

Hey Joe: What if you factored out Government Jobs? Would it still be a positive number?

Posted by: wilsan | April 24, 2010 4:55 PM | Report abuse

the problem with infrastructure projects and indeed the problem with the stimulus as a whole is that it's largely make work on a short term basis. someone hired next month will lose that same job in August that jobs loss will be reflected in the jobs report. moreover, it takes so long to ramp up projects because of the mountains of red tape (environmental assessment studies)and generally lack of accountability in government to get things done (what is someone going to fire the career employees for being too slow?) that the need for a boost comes and goes before the money starts flowing.

i never understood why the media didnt press obama on whether these 3.5 to 4.0 million jobs were expected to short term jobs that run out when the artifical government support runs out or full time jobs that would be sustained without continuing government borrowing to finance them. afterall, if 4.0 million jobs doesnt meant getting 4.0 million people full time sustainable employment than the stimulus wouldnt be worth it even if it had meet the numerical job targets set out for it.

between the fuzzy jobs "created or usaved" metric and the lack of clarity of whether these jobs were full time or a great number would go away in a matter of months, the american people were deprived of a chance to make an informed decision as to whether they wanted the bill and continue to be deprived of a meaningful standard by which to hold accountable a trillion dollars in questionable spending on our grandchildren's credit card.

Posted by: dummypants | April 24, 2010 2:57 PM | Report abuse

biden is like a turd...a dumb turd at that

Posted by: SofaKingCool2009 | April 24, 2010 2:31 PM | Report abuse

Maybe that's what he sees for public sector jobs as the snake that is government tries to swallow whole the medical industry. That's pretty much the same as having GM pay back their TARP loan with TARP money, isn't it? But outside the Beltway, I am not seeing much growth if any. Sales are still down. Construction is down. Purchasing is down and more telling, tax revenues at the state and local levels are down. That means property values are sinking due to lack of funding for loans and lack of buyers with the ability to get those loans. If you want another indicator of a down economy, talk to high school grads. Many are opting for state schools or community colleges instead of trying to fund their educationwith government loan programs. I teach in an affluent school and those kids who would have formerly sought admission to Ivy League or Tier I schools are opting out. It's just not doable. So if it isn't an option for the most affluent-who are targets of this administration's tax increases, how much less able are middle class kids like my own children? Biden talks a good game, but he has always seemed to be more of a used car salesman with all that implies, than a serious source of knowledge. In short, if Biden's right, good, but I think this is just more of the Tinkerbelle mentality of wishing things into reality than reality itself.

Posted by: TruBluTopaz | April 24, 2010 2:01 PM | Report abuse

The Census Bureau Plans to hire 1.2 Million in the spring.

They have hired 100,000 so far this year.

They will hire 1,100,000 over the next three months.

Some in April: 200,000.

More in May: 400,000.

More in June: 500,000.

Just read Time Magazine.

http://www.time.com/time/business/article/0,8599,1951980,00.html

This is NOT a prediction. It is a dishonest quote designed for him to take credit for something he had nothing to do with.

Most Americans aren't as stupid as Biden thinks we are.

Scheduled temporary government work does not require a crystal ball. Nor does it help correct the reality of job losses.

Posted by: Washington13 | April 24, 2010 1:27 PM | Report abuse

Jhaynes, the idiot here is you.You say President Obama is the worst President we have ever had. That is what losers always say when a President from the opposition party is elected. Democrats said the same things about Bush but at least they have the saving grace that Bush gave us two failed wars, wiped out a surplus the democratic President gave us, cut domestic spending on the very sort of infrastructure spending that could have prevent the damage Katrina caused to the New Orleans levees, depleted our budget and blew up our debt by cutting taxes on the top 5% income earners in the country and was generally regarded even by his own supporters as intellectually unegaged which is just a fancy way of saying an idiot.

The truth is, you couldn't find your own hind end if it were handed to you.

Posted by: jaxas70 | April 24, 2010 9:20 AM | Report abuse

More B.S. from the number two idiot in the White House.
These guys lie more than Clinton ever did.
What disgusting incompetent slugs they are.

Posted by: LarryG62 | April 24, 2010 8:58 AM | Report abuse

Will this be another "big f'ing deal?"

Posted by: ddnfla | April 24, 2010 8:22 AM | Report abuse

can biden guarantee that the census workers will be employed up until november...

Posted by: DwightCollins | April 24, 2010 7:38 AM | Report abuse

in may most census hiring and training will be complete...
as for any other type of job hiring...
don't count on it...
biden lies...
and he lies alot...

Posted by: DwightCollins | April 24, 2010 7:33 AM | Report abuse

Well, if the numbers go up by 100 K a month July would be 500K.

ASre things that good? I'm a [pessimist, but this summers edition of last yeatrs infrastructure work should be rolling by now, and that kind of work does have collateral effects.

IF Biden gets his prediction, November isn't going to be all that much fun for all the T-People who t-bagged their RINO incumbents and are now running on T induced gibberish for a platform.

Here's hoping it comes to pass.

Posted by: ceflynline | April 23, 2010 10:54 PM | Report abuse

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