December 20th, 2008
06:01 PM ET
5 years ago

Biden: The economy is 'in much worse shape than we thought'

Biden (above: in Chicago with President-elect Obama last week), gave his first interview since the election.
Biden (above: in Chicago with President-elect Obama last week), gave his first interview since the election.

(CNN) - Vice president-elect Joe Biden told an interviewer the nation’s economy “is in much worse shape than we thought it was in,” and the immediate goal is to pass another stimulus package to prevent it from "absolutely tanking."

"There is going to be real significant investment," Biden said in an ABC interview scheduled to air Sunday. "Whether it's $600 billion or more, or $700 billion, the clear notion is, it's a number no one thought about a year ago.

"...The single most important thing we have to do as a new administration, to have - to be able to have impact on all of the other things we want to do, from foreign policy to domestic policy, is we've got to begin to stem this bleeding here and begin to stop the loss of jobs in the creation of jobs," said Biden, who also said he had spoken with members of Congress from both parties about a new stimulus.

Biden -– who drew criticism from some recently for adopting a German shepherd puppy from a breeder instead of a shelter - also said in the interview he and his wife would be getting a “pound dog” as well, possibly a golden retriever.


Filed under: Joe Biden
soundoff (17 Responses)
  1. Lauren

    Simply brilliant CNN, and I am sure you will not let this past you moderator.

    You start off this article by reporting on something serious, the economy.

    Then you toss in a comment about Bidens DOG !!!!!!!!!!!!!!!!!!!!

    Who bloody cares if he was critized about his DOG??????

    This is why the media and journalism has went into the basement.
    Has the media and CNN become the National Enquirer????

    December 20, 2008 04:08 pm at 4:08 pm |
  2. BB

    It's no one's business where other people get their pets. We don't care where the complainers get anything of theirs personally. Some people just have to keep throwing stones and stirring grief for everyone else. Little minds nit pick little things. An CNN seems to be stirring constantly. I hate CNN. I watch old reruns rather than listen to most of their dribble.

    December 20, 2008 04:10 pm at 4:10 pm |
  3. Illinois 2

    Ah, Where have you been??, it has been obvious for about three years now in most of america. The elected leaders had better wake up, 2010 elections are not that far off, and by the way, start with the incoming congress and roll back the automatic wage increases for yourselves... I believe we all have a stake in our government,,

    December 20, 2008 04:15 pm at 4:15 pm |
  4. floridian

    Here we go again...VP-elect Biden building a case for failure, when it happens. Two years from now the donkeys will still be blaming Pres. Bush for the lack of action and progress under what will then be a four year run with the donkeys in charge of the Congress. Bring it on so we can have a chance in 2010 to get rid of Reid and Pelosi.

    December 20, 2008 04:17 pm at 4:17 pm |
  5. Reality

    THANKS MR GEORGE W. BUSH FOR DOING SUCH A GREAT JOB AS PRESIDENT !!! NO SERIOUSLY .... THANK YOU !!

    December 20, 2008 04:21 pm at 4:21 pm |
  6. Farrell, Houston, Tx

    The Bush administration finally acknowledged after almost a year we're in a recession knowing things were worst than what they wanted Americans to know and they did absolutely nothing.

    December 20, 2008 04:23 pm at 4:23 pm |
  7. Meka

    Economy in the Tank, should not suprise no one. While America has misguided it's Priorities, for MANY YEARS. Instead of the U.S. focusing on Education, Health Care, and trying to get along with other Nations. . .we have been caught up in the STUPID STUFF!

    Sounds like Rev. Wright wash't too far from the TRUTH!

    December 20, 2008 04:26 pm at 4:26 pm |
  8. Coby

    Oh, please. Get ready, folks. The Obama-Biden administration is going to start backing off on campaign promise after campaign promise. Didn't Obama look square into the camera during a debate and promise not to raise my taxes if I make under $250,000?! He knew then that, given his ambitious policies and what was even then looking like a really terrible economic situation, that he was probably lying. Now they're just setting the stage for "We really wanted to lower your taxes, but conditions no longer allow for it." Just watch.

    December 20, 2008 04:27 pm at 4:27 pm |
  9. Michael PA

    After you and Obama implement your policies, it will tank for sure, no worries. Spend that cash!!!

    December 20, 2008 04:34 pm at 4:34 pm |
  10. Mike T. Vaughn

    So because He got a dog from a Breeder that Makes him the Wrong VP???????Hmmmmm so When Bush got his dog...........did he get it from an IDIOT FARM???????and that's why Bush is and IDIOT???????

    December 20, 2008 04:34 pm at 4:34 pm |
  11. Ian

    Imagine how much extra money we'd have if we didn't have an income tax.

    December 20, 2008 04:35 pm at 4:35 pm |
  12. Dreaggo

    Wow... not even in office yet and already spending every tax dollar they can get their hands on. Lesson here... don't make over $250,000 net income unless its way over. Time to reward underachievers again.

    December 20, 2008 04:36 pm at 4:36 pm |
  13. MARTY-IOWA

    ALL PORK PROGRAM S AND SPENDING ON THESE PROGRAMS MUST BE ENDED NOW. THERE ARE MORE IMPORTANT WAYS TO USE THE MONEY INSTEAD OF SPENDING ON PORK THE GOVT SHOULD INVEST IN RE-TRAINING PROGRAMS AND ON THE JOB TRAINING PROGRAMS THAT WILL HELP TO PROVIDE JOBS FOR AMERICANS OUT OF WORK OR WHO ARE GOING TO LOOSE JOBS IN THE FUTURE. INVESTING INTO HEALTH INSURANCE TO ALL AMERICANS WITHOUT HEATLH INSURANCE IS JUST THE RIGHT THING TO DO. THIS MONEY NOT SPEN ON PORK WORTHLESS PROGRAMS CAN BE USE TO PROVIDE HEALTH CARE AND/OR AN UNIVERSAL HEALTH INSURANCE PROGRAM. INVESTING IN SMALL COMPANIES THAT ARE INVENTING WAYS TO ADDRESS AND END OUR DEPENDENCE ON FUEL FROM FOREIGN COUNTRIES. GREEN ENERGY IS THE WAY TO GO!!!!!! NO MORE EXCUSES , JUST ACTION NOW!

    December 20, 2008 04:46 pm at 4:46 pm |
  14. Al, California

    What I am waiting to see: when these Bush and war supporters will start contributing money to compensate at least a tiny bit for their enormous guilt? Where are these loudly spoken 'values' when time comes to pay for their (criminal really) mistakes?

    December 20, 2008 04:48 pm at 4:48 pm |
  15. Griff

    No it is not... You can't blame George Bush... Blame Obama.. He has comitted the Worst Lie... Is Birth Certificat is a Forgery..... Dual Citizenship who Cares.... Me and my family have the same.... But I was not born here where I am either.... No Trust in Obama! The World can't trust a Guy who lie about his own Birth..... It can only get Worse now.....

    December 20, 2008 04:52 pm at 4:52 pm |
  16. Sue

    Who cares about what dog he buys? For heaven's sake, there are more pressing issues for him to worry about than if the animal rights people like his choice of a dog. People are starving, cold, homeless, but be sure every stray dog is fed and warm.I am more concerned about the people we see as strays: the disenfranchised, the poor, the uneducated, the homeless...the throwaways in this country. Priorities, people.

    December 20, 2008 04:53 pm at 4:53 pm |
  17. zappo

    Let the market fall where it want's too. Ban govt involvement

    December 20, 2008 04:56 pm at 4:56 pm |