Joe Biden: "The economy is in much worse shape than we thought it was in."

By GottaLaff

Welcome to the White House, new president and vice president. Now, fix everything that BushCo destroyed. Save our country from the fall it's taking off that very steep cliff. Enjoy your stay, now!

In an interview with ABC News, Vice President-elect Biden said the American economy is in danger of "absolutely tanking" and will need a second stimulus package in the $600-billion to $700-billion range.

Said Biden: "The economy is in much worse shape than we thought it was in. There is no short run other than keeping the economy from absolutely tanking. That's the only short run."