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Biden: more US stimulus needed, business mad at S&P
August 26, 2011
U.S. Vice President Joe Biden said on Friday the U.S. economy needed more stimulus to get it moving, putting in a plug for government measures shortly before the White House unveils new proposals to boost job growth.
Concluding a trip to Asia that focused primarily on China, Biden also said a final decision had not been made on whether Washington would sell Lockheed Martin F-16 fighter jets to Taiwan and noted Beijing knew America viewed its one-child policy as “abhorrent.”
Reacting to a leadership switch at the top of ratings agency Standard & Poor’s after it downgraded the United States, Biden said his “instinct” was that pressure from disgruntled businesses may have influenced the change, though he made clear that he did not know the agency’s internal workings.
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