"Bidenomics" - Biden's vision for economic growth 'from the middle out and bottom up' aims to move beyond 'trickle down' economics
"Bidenomics" - Biden's vision for economic growth 'from the middle out and bottom up' aims to move beyond 'trickle down' economics
The president's remarks come amid low polling numbers on his job performance and the direction of the country.
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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Tying his name to it seems like a bad idea. People opposed Obamacare because of the name; half the country gets off on hating Democrats mostly because of the color of the ticket. Calling it Bidenomics will only make it easier for the talking heads to shit on it.
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Is he/the White House doing it or is the press calling it that?
Obama consistently called it the affordable care act. -
If there were a singular Bidenomics bill, I would agree. In this case, running for reelection, he needs to anchor discussion around his accomplishments. Historically, name-onomics has been a successful positive campaign pitch for presidential reelections. The risk is having the name tied to a downturn, which is (thankfully) not entirely under the president's control.
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I can see that. Plus by doing it himself, he has more control over the narrative. If it was bad, he wouldn't be openly touting it as his own.
Idk, tho. I have no faith that people can rationalize information on their own. Whatever Tucker or Alex Jones says is gospel, because only their chosen media doesn't lie.
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Sadly everything I know about implicit racism suggests that we're ALL influenced by it to some degree. You can't live in the ocean without getting wet.
But I figure you mean the people that embrace it, in which case, agreed.
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Meh. They'd do it regardless and it's not half, more like 25-30%. Rather a lot of the country doesn't vote.
In any case, I think the focus should be on the substance of the policy, not what the local baboon population happens to be screeching about today.
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I was gonna say "I'd go to that zoo" but then I remembered I've been to Walmart in the last year, so I have already been to that zoo....
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Hes not black hell be fine. He should attach his name to it, its good marketing. Thats why we still call it Obamacare and Reagonomics
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Republicans are actually responsible for calling the Affordable Care Act "Obamacare" so that they could blame healthcare issues on him. Obama ended up actually liking that name despite the Republican attempt to use it negatively.
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I never wanted Joe Biden to win, but he has completely won me over. He has been an absolute class act. Americans are very fortunate to have a president who has experience with the Cold War right now. I can’t think of any major criticism, besides his age.
The economic policy has been effective, unemployment is low, inflation is under control, working class wages have risen, foreign relations are stronger, the deficit spending has been dropping, and the country feels much less hostile then it did 2-4 years ago.
I seriously was upset he won, but he’s impressed me.-
I'm the same. I really wasn't wanting him to be the Dem nominee, but he's done so much to win me over. For a bit, I was quite unhappy with him over his resolution of the railroad worker strike since I'm pro-worker, pro-union-action. But that strike was over sick days and now I'm seeing railroads set up their employees with sick days. I don't know what Biden's involvement is in any of these resolutions, but it's given me a good feeling that he's really aware of the situations he's approaching.
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According to the IBEW, Biden's involvement was significant.
http://www.ibew.org/media-center/Articles/23Daily/2306/230620_IBEWandPaid
“We’re thankful that the Biden administration played the long game on sick days and stuck with us for months after Congress imposed our updated national agreement,” [IBEW Railroad Department Director] Russo said. “Without making a big show of it, Joe Biden and members of his administration in the Transportation and Labor departments have been working continuously to get guaranteed paid sick days for all railroad workers.
“We know that many of our members weren’t happy with our original agreement,” Russo said, “but through it all, we had faith that our friends in the White House and Congress would keep up the pressure on our railroad employers to get us the sick day benefits we deserve. Until we negotiated these new individual agreements with these carriers, an IBEW member who called out sick was not compensated.”
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personally I can't see a single thing to like about biden. Literally everything he's done is either bad or just not impactful.
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He won me being the most Climate Progressive president in history. I did not expect that at all when he was nominated or elected. Is everything a win? Of course not, but he's racked up more wins on climate than anyone else.
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middle out
the Silicon Valley-based memes already write themselves
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What's the mean jerk time of America on Bidenomics?
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it's a tough question, for sure. I mean, the Silicon Valley joke was about one person jerking off everybody instead of a massive circle jerk. I have no doubt linear algebra is required for a circle jerk of that magnitude.
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As fast as it takes Biden to fall asleep at nap time, 20 secs.
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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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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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Name is cringe, but the policies behind it are decent
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"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?
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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.
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Thank you. It's like everyone has Stolkholm syndrome. Biden is a centrist. Fascists should not be allowed to define our baseline.
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Remember when Biden undermined the foundations of unions by forbidding them from collectively bargaining? How about overseeing the longest span of no minimum wage increase in US history? What are you gonna do Joe, spend even more on climate change accelerating road projects and leasing more federal land for oil?
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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.
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lol 5 people want trickle down bs.