Was the $862 billion stimulus too small? It probably would have been bigger, Vice President Joe Biden said, if it weren’t for Republican opposition in early 2009.
In an EXCLUSIVE interview on "This Week," host Jake Tapper asked Biden whether, in retrospect, the stimulus was too small given the dismal jobs situation in the country.
“There's a lot of people at the time argued it was too small,” he said. “A lot of people in our administration…even some Republican economists and some Nobel laureates like Paul Krugman, who continues to argue it was too small.”
“But, you know,” Biden told Tapper, “there was a reality. In order to get what we got passed, we had to find Republican votes. And we found three. And we finally got it passed,” Biden said.
But if it wasn’t for the legislative reality, Biden explained, “I think it would have been bigger. I think it would have been bigger. In fact, what we offered was slightly bigger than that. But the truth of the matter is that the recovery package, everybody's talking about it [like] it's over. The truth is now, we're spending more now this summer than we -- I'm calling this…the summer of recovery,” the Vice President said.
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