Joe Biden, the future vice president, sits down with George Stephanopoulos exclusively Sunday, Dec. 21, in his first interview as vice president-elect. File photo: Biden applauds during the Democratic National Convention in Denver, Monday, Aug. 25, 2008. Collapse
(AP Photo/Ted S. Warren)
Vice President-Elect Joe Biden said the U.S. economy is in danger of “absolutely tanking” and will need a second stimulus package in the $600-billion to $700-billion range.
“The economy is in much worse shape than we thought it was in,” Biden told me during an exclusive interview — his first since becoming vice president-elect– to air this Sunday on “This Week with George Stephanopoulos.”
“There is no short run other than keeping the economy from absolutely tanking. That’s the only short run,” Biden told me.