Jim’s Quote of the Day:

“No one realized how bad the economy was. The projections, in fact, turned out to be worse. But we took the mainstream model as to what we thought — and everyone else thought — the unemployment rate would be.” – Vice President Joseph Biden, June 14, 2009 (Backing away from the BHO Administration’s estimate that “stimulus” funds could “create or save” 3.5 million jobs, instead now promising just 600,000 by the end of the summer.)