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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 [1] (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.)