Donald Lambro

Joe Biden has begun attacking Mitt Romney's credentials on the economy -- the issue for which President Obama gets his worst marks in his job disapproval polls.

Talk about chutzpah. Here's a guy who was sent out by the White House to brazenly declare in 2010 that the U.S. economy was entering "the summer of recovery," that the unemployment rate would soon be falling below 8 percent and that jobs would once again be plentiful.

"We've gone from hemorrhaging over 700,000 jobs a month the first several months ... to adding several hundred thousand jobs a month in the last several months," he said.

The White House predicted unemployment would drop to 7.5 percent, but it never happened. It was never going to happen.

The unemployment rate was running above 9.5 percent that year, and Biden was given the task of selling skeptical Americans the political equivalent of the Brooklyn Bridge. They weren't buying it.

President Obama's nearly $1 trillion economic stimulus didn't deliver the goods, and that initiative has gone down in economic history as one of the most colossal policy failures of the modern presidential era.

So now Biden is being sent out yet again, this time to attack Mitt Romney's tax cut proposals, economic record and, by implication, his ability to get the lackluster Obama economy moving again.

"Now, as a presidential candidate, (Romney) has proposed a new international tax system that zeroes out taxes for companies that create jobs outside the United States of America," Biden said in a campaign appearance in Davenport, Iowa, on Wednesday.

Biden went on to say: "We are talking about taxes and the burden on manufacturers. But there's a big difference. Our tax cuts go to companies that create jobs over here. The Romney tax cut goes to companies that create jobs overseas. It's a fundamentally different philosophy from ours."

And then came the predictable class warfare attack that the former governor's tax policies would favor the rich at the expense of the middle class.

But Romney's tax plan is much more complex than the way Biden portrayed it. It is aimed at strengthening and expanding corporations both here and the business they do overseas, so they can bring more of those dollars back to expand their operations and create more jobs.

In the economically remedial world Obama and Biden inhabit, building factories abroad weakens our economy and is a zero-sum game.


Donald Lambro

Donald Lambro is chief political correspondent for The Washington Times.