Well first of all, that's true only if you exclude the bevy of conservatives who said that the stimulus would be a net loss. But more importantly: this tool doesn't get a pass just because everyone else was wrong. He's the guy who's supposed to be in charge. He's the mighty stimulus czar! Nobody messes with Joe!

That's why we put specific, proficient experts in charge of specific, complicated industries - because they're supposed to know more and be better at those things. That's why telecom experts run phone companies and auto manufacturing experts run car companies and financial experts run banks. Well except in an Obama-run economy.

And what's the guy in charge of $800 billion doing "guessing" anyway?

Vice President Biden said Sunday that "everyone guessed wrong" on the impact of the economic stimulus, but he defended the administration's spending designed to combat rising joblessness. Biden said inaccuracies in unemployment predictions shouldn't undercut the White House's support of the $787 billion economic revival plan that has not met the expectations of President Obama's team. Instead, the vice president urged skeptics to look at teachers who kept their classroom assignments and police officers who kept their beats because of financial assistance from Washington. "The bottom line is that jobs are being created that would not have been there before," Biden said. But they are not coming at the pace first estimated.

Amazing that a guy who was justifying historically unprecedented wealth confiscation on the basis of isolated, misunderstood anecdotes would turn out to have a bad sense of economic reality. Anecdotes usually work so well as statistical markers. And that strutting "the bottom line is..." line? Who talks like that? I mean other than "a serial exaggerator, liar, and blowhard."

You know, viewed from a certain angle, this is almost an example of how central planners are inefficient in responding to market signals. You don't think there's something deeper underneath that do you?

References:
* Video: Obama Anoints His Breathtakingly Stupid VP "Stimulus Czar" [MR]
* Super Smart Stimulus Czar: Knowing About The Economy Is "Above My Pay Grade" [MR]
* Biden: 'Everyone guessed wrong' on jobs number [USA Today]
* Fact Check: Biden Plays Loose With Stimulus Facts [Fox News]
* Rove Calls Biden A 'Serial Exaggerator,' A 'Liar,' & A 'Blowhard' [Townhall]

Previously:
* Keenly Perspicacious VP: Please Join Me In Destroying The American Airline Industry
* Genius VP Endorses, Then Unendorses Wildly Unpopular NY Governor
* Politically Savvy VP Now Cracking Hilarious $8 Billion Porkulus Graft Jokes