Full Transcript. Excerpt below:
But the net jobs are down, in terms of job created. You've lost a ton of jobs over the course of this administration, because of the financial crisis. And there is this idea of some stagnation out there. That what was economic recovery seems to have flat lined. Is that not a concern?
VICE PRESIDENT BIDEN:
No, it's not a concern. There-- it's not stagnation. Look, as you pointed out, there were four million jobs lost in the six months or so before we came to office. Before I lowered my right hand on-- on January the 20th, we lost 700,000 jobs that month. And before we got out first major economic initiative passed, we lost another 3.5 million jobs. Since that point, it's been steady growth, not enough. There's still a lot of people in trouble. But there's no stagnation.
Are people discouraged is the question. And this presidential campaign, which is kicking off in a big way this weekend with the president making his official kickoff. Mitt Romney is saying, "Look, we need a different path. We need a different president to turn this around." And this is how he reacted on Friday to the jobs report.
And the discouragement is real. Recent polling showing three-- three fourths, 76% of Americans still believe the country's in recession.
VICE PRESIDENT BIDEN:
Well, you know, for the people who are unemployed, it-- they there you are still in recession. For the people whose wages are stagnant, it feels like a recession. I come from a household where whenever there was a massive recession, somebody around that table was going to lose their job. And-- but here's the deal. What is Romney proposing? He's proposing, as to quote Bill Clinton, "going back to the last policy of the last administration on steroids." I mean, what is he talking about?
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Is he talking about-- how is he going to create jobs? He talks about another $2 trillion in tax cuts for the very wealthy? You're going to create jobs? Is that how he's going to do it? Is he going to create jobs by continuing to undercut getting people to college and helping them get there by undercutting education? Is he going to continue to create jobs by eliminating investments in-- in-- research and development? I mean, what-- what-- what's the plan?