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@politics on kbin.social is a magazine to share and discuss current events news, opinion/analysis, videos, or other informative content related to politicians, politics, or policy-making at all levels of governance (federal, state, local), both domestic and international. Members of all political perspectives are welcome here, though we run a tight ship. Community guidelines and submission rules were co-created between the Mod Team and early members of @politics. Please read all community guidelines and submission rules carefully before engaging our magazine.

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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 2 years ago* (last edited 2 years 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] 2 points 2 years ago

So where's the "bottom up" part? All the poor and unemployed people I know are still poor and unemployed. And nothing in that quote seems to address the issue?

Infrastructure is still also really bad with no signs of improvement; if anything it's getting worse. I just saw another road be built/opened up here. Still no sidewalks, no public transit, no regulations to encourage more dense construction.

Education still seems to have issues, many still have massive student loan debt with no cancellation in sight.

Honestly the only effects I've seen biden actually cause are: sending money to ukraine, passing a "stimulus" which lead to massive inflation and increased prices of things, and.... that's about it?

Trickle down is awful, but biden hasn't seem to done anything to move away from that model.