Friday, May 4, 2012

At least Joe Biden knows what's needed

Two years ago, Vice President Joe Biden predicted that job growth would be between 250 and 500 thousand per month "sometime in the next couple of months."  It turned out that net job growth in the ensuing six month period was 38 thousand in total, or 6.3 thousand per month.  Put another way, he was off by between 3,700 and 7,800 percent. The Vice President seems to be no better at forecasting than is his boss, but at least Biden has a much better idea of what counts as good news.