Obama Responds To VP Joe Biden On Economy: "We Had Incomplete Information"

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Once again, Vice President Joe Biden has put his foot in his mouth and President Obama has to clean it up. I cannot understand why Barack Obama chose Joe Biden to be his vice president. I agree with President Obama that the information given to his administration about the state of the economy was incomplete. If you state, as Biden did, that the President and his administration "we misread how bad the economy was," then you now own the problem. He cannot blame President George W. Bush only. Now they own the problem. At least from his inauguration to the present.

"I would actually -- rather than say misread, we had incomplete information," President Obama told NBC News' Chuck Todd. "What we always knew was that a) this recession was gonna be deep, and b) it was gonna last for a while."