I thought that America reached the nadir of economic leadership when Harry Reid started pathetically whimpering in public about the financial crisis. Not so fast:

Vice President-Elect Joe Biden said the U.S. economy is in danger of "absolutely tanking" and will need a second stimulus package in the $600-billion to $700-billion range. "The economy is in much worse shape than we thought it was in," Biden told me during an exclusive interview -- his first since becoming vice president-elect-- to air this Sunday on "This Week with George Stephanopoulos." "There is no short run other than keeping the economy from absolutely tanking. That's the only short run," Biden told me.

No wonder the Obama team is dramatically scaling back the role of the Vice President. Can you imagine actually putting this guy in charge of anything? In a market being driven downward by shaky consumer and investor confidence - he says this?

At least he never makes any big gaffes. He says so himself. So that settles that.

References:
* Senate Majority Leader on Economic Woes: 'No One Knows What to Do' [ABC News]
* George's Bottom Line [George's Bottom Line]
* Vice-President role to shrink under Barack Obama [Telegraph]
* Biden: “I never make any big, big gaffes” [Hot Air]

Previously:
* Biden: "We Kicked Hezbollah Out Of Lebanon"
* Of Course: Obama Supported The 2006 Hamas Election, Biden Lied
* Biden's Delusions Of Genius And Relevance Getting Obnoxious (Plus: Liberal Foreign Policy Experts Also Just Don't Know Stuff)