Biden On New Unemployment Numbers: Would Have Been Another Half Million Jobs Lost Without Us


Vice President Biden today responded to the newest jobless numbers, which show unemployment jumping to a 26-year high of 9.7 percent, with 216,000 jobs lost in August.

“There would have been another half million jobs lost without the recovery act,” he said. Biden was speaking via satellite at Solyndra, a solar panel company in California. Biden and Secretary of Energy Stephen Chu were announcing a $535 million loan guarantee to the company through the recovery act.

He said the country is losing jobs at a slower rate than in January, which is an improvement.

“Less bad is not good,” he said.

“We won’t be satisfied until we’re adding jobs,” Biden said. “Jobs you can raise a family on. Green jobs.”

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