this post was submitted on 28 Jun 2023
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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 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]
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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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[–] [email protected] 4 points 1 year ago* (last edited 1 year ago) (2 children)

"Today, the U.S. has the highest economic growth rate, leading the world economies since the pandemic — the highest in the world."

Talk like this infuriates me. It's so very out of touch.

  • The streets are crawling with homeless people.
  • Homeownership is completely unattainable.
  • Even rental apartments are the subject of bidding wars.
  • Living with your parents in your 30s is the new normal.
  • Middle-class stay-at-home parents exist only in history books.
  • Prices for food and other consumer goods have more than doubled in price since the pandemic began.
  • Working only 40 hours a week is considered a luxurious privilege.
  • Most major industries are dominated by a handful of megacorporations with no meaningful competition.

The economy is in no shape to be bragged about.

Can we fill the government with some actual progressives, please?

[–] [email protected] 4 points 1 year ago

those things are correlated with high gdp. Because all high gdp means is high profits. and high profits comes with harming people's quality of life, underpaying them, etc.

[–] [email protected] 1 points 1 year ago

Thank you. It's like everyone has Stolkholm syndrome. Biden is a centrist. Fascists should not be allowed to define our baseline.