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"Bidenomics" - Biden's vision for economic growth 'from the middle out and bottom up' aims to move beyond 'trickle down' economics (www.nbcnews.com)
submitted 3 years ago* by to c/politics@kbin.social
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President Joe Biden will tout his economic agenda in remarks Wednesday as he campaigns for a second term amid low polling numbers on his job performance and the direction of the country.

The president’s plan, which the White House dubbed “Bidenomics,” aims to “move beyond” the “trickle down” economic theory that it says disproportionately benefits the wealthy and big corporations through tax cuts while reducing investment in priorities such as infrastructure and education, and failing to protect market competition.

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[–] 9 points 3 years ago (1 child)

Lots of people hating the name, but Reaganomics has been disastrous for our country, and republicans love the hell out of it.

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  • [–] 2 points 3 years ago

    I think republicans don't actually understand reaganomics. Because almost always you hear them complain about it, but they call it "coporatism" and other such things. They don't realize that reagan is the one responsible for that "corporatism" that they despise. They just know they like reagan (couldn't tell you why though), and that he's responsible for "reaganomics". But ask them about benefiting the large franchises and corporations and opposing mom&pops? republicans agree that it was awful. it's kinda like how they like the affordable care act, but despise obamacare, despite those being the exact same thing.

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