Biden defends economic stimulus plan

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By Christina Bellantoni

Vice President Joseph R. Biden Jr. offered a stout defense of the Obama administration's $787 billion economic stimulus package Thursday, saying the program is exceeding short-term benchmarks and is one-third of the way to its full goals.

As Republicans charged the administration was inflating the jobs "saved or created" by the recovery plan, Mr. Biden rebutted critics who say the money is being spent too slowly and trumpeted the progress.

Economists agree with Mr. Biden and President Obama, who say the stimulus plan has fought off the worst and prevented a depression. But they also questioned the job-reporting figures because it's difficult to predict what could have happened without the stimulus.

The vice president also did not mention the problems with stimulus spending -- from investigations into projects to states getting scolded for not using the money. But he did say he has asked the Cabinet secretaries to be more "aggressive" in doling out money.

He said he was rightly criticized by some for "moving too slowly," but said he needed the administration to set up a plan to minimize waste.

"If you look at the Recovery Act as a two-year marathon, we're ... just approaching the nine-mile mark," Mr. Biden said during an address at the Brookings Institute, a left-leaning think tank. "Some of the most exciting and transformative initiatives are just getting under way."

Among those will be high-speed rail and "clean energy" announcements, including one on solar power expected Friday, he said.

"The Recovery Act is not a single silver bullet, I think of it as silver buckshot," the vice president said.

House Republican Whip Rep. Eric Cantor of Virginia disagrees.

"They wanted to stave off unemployment and jolt the economy, and neither of those goals have been met," Mr. Cantor told The Washington Times.