US Vice President-Elect Joe Biden said the 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 George Stephanopoulos-- in his first interview since becoming vice president-elect-- to air tomorrow, Sunday on "This Week with George Stephanopoulos." ..it's hard to imagine anyone in the current Bush administration responding with such candor.
UPDATE: Biden on YouTube
See related post from yesterday- How save is your bank? How save is your money in a Depression?
-Walter Derzko
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