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WASHINGTON, July 5 (Reuters) – President Barack Obama and his advisers do not favor second stimulus package now to cut the highest U.S. unemployment rate in nearly 26 years, Vice President Joe Biden said in an interview aired on Sunday.
Looking back to January when Obama took office, Biden said: “The truth is, we and everybody else misread the economy … We misread just how bad the economy was.”
“So the second question becomes, did the economic package we put in place, including the Recovery Act, is it the right package given the circumstances we’re in? And we believe it is the right package,” Biden told ABC’s “This Week” in an interview taped during a trip to Iraq.
