Cheney defended the administration's performance on an economy that is growing weaker daily and which recently collapsed in spectacular fashion. Cheney said that "nobody anywhere was smart enough to figure it out."
Especially your boss, Mr. Vice President. Back in February, President Bush said, "I don't think we're headed to recession." He's smart! Remember when he said, "I don't think anybody anticipated the breach of the levees," even though Mr. Bill knew the levees would fail? You guys are awesome.
By the way, many economists saw this coming.