Spinning the ever-more-embarrassing gap between their economic stimulus job promises and economic reality, Vice President Joe Biden told ABC’s George Stephanopolous this Sunday:

The truth is, we and everyone else misread the economy. The figures we worked off of in January were the consensus figures and most of the blue chip indexes out there.

But if the Obama White House so terribly “misread the economy,” then why was VP Biden touring the country just last month claiming that Obama’s stimulus “has already created 150,000 jobs around the country”? That 150,000 number is entirely based off the same economic model Biden now admits was terribly wrong. If the White House’s economic model failed to predict the number of jobs lost, why should anyone believe how many jobs the White House claims they created?