Biden admits “misreading” economy

Vice President Joe Biden tells ABC News’ George Stephanopoulos that everyone (the administration, really) were too optimistic about the economy back when TARP was being debated. The Obama administration predicted unemployment to peak at 8 percent, but now it’s 9.5 percent, and that number will likely rise in the immediate future.

So knowing this and admitting to the mistake, why is the White House still pushing for detrimental climate change (aka cap-and-trade) and health care legislation that will only worsen the bad economy? Does he and the administration really have our interest in mind, or simply taking advantage of the economic crisis to further their liberal agenda?

I think the answer is clear.