Agree or disagree with the politics of Joe Biden, the one thing that most people, including myself, like about Biden is that he doesn't pull any punches.

And that was certainly the case when he said this week that, "We misread how bad the economy was".

Indeed, Washington has swallowed their economic compass.  And it hasn't just been the Democrats.  Let's not forget the "token" stimulus checks that the Bush administration mailed out in the Spring of 2008.  Or the $7,500 first time home buyer tax credit/loan that was intended to stimulate the housing market out of a depression.  There is a long list of failed housing and economic policies that have been rubber stamped in Washington over the past year.

The problem of course is that while admitting you made a mistake is noble and honorable, it appears as though they are not going to do anything to correct the mistake.