VIDEO: Biden on Economics

Do you remember when Biden threw down in 1988 with some guy over who had the higher IQ? Whatever standard Biden used apparently did NOT include an understanding of economics. As you digest his words, imagine applying his strategy to your own household. Upside down on your mortgage, behind on your bills, overwhelming credit card debt. Solution? Take out another loan so you can get out of financial trouble.

Here's what he said:

“Now, people when I say that look at me and say, ‘What are you talking about, Joe? You’re telling me we have to go spend money to keep from going bankrupt?’” Biden said. “The answer is yes, that's what I’m telling you.”

Here's the video:


That kind of reminds me what Obama said in February when ramming the Stimulus bill down our throats:

Some people say this isn't a stimulus bill. It's a spending bill. What do you think a stimulus is? Seriously! - Barack Obama

The White House is likey giving Biden another toungue-lashing but they should be patting him on the back for providing more clarity to what his boss said back in February.

h/t to Gateway Pundit

For grins, here's Biden in his IQ Battle from 1988: