Pic Of The Moment: In Major Address To Congress, Biden Unveils Latest Shovel-Ready Project

[EarlG]

Biden: 'Trickle-down economics has never worked'

With trickle-down economics a failure, Biden sees an opening to invest in the American people

Follow @demunderground

[underpants]

1. Love it. Said what's need to be said for decades.

He’s governing like he’s separated governing from politics or at least running for office. Maybe he is only doing one term maybe not but he’s steadily pushing forward.

[2Gingersnaps]

7. Absolutely!

[Rabrrrrrr]

2. Yes yes yes yes!!!!! nt

[katmondoo]

4. Finally!!!

[Baitball Blogger]

3. Good one.

[WhoIsNumberNone]

5. "Trickle down" could be more accurately called "firehose up".

So we're finally admitting it doesn't work, eh?

[ananda]

16. I've been calling it "flood up economics" for years.

It's never worked.

[2Gingersnaps]

6. I voted for Hillary after Bernie lost the primary.

After 30 years of slander from the right, and a base either stupid enough or malicious enough to believe everything they made up, I thought it would a tight race, but at least she would be the most competent executive ever elected. Instead we got Private Clown Shoes. When Biden ran, I thought I could live with President Obama's VP, but both he and Bernie are too old, we boomers blew it and it is time for new blood. Whoa! Uncle Joe! Tickled pink to be wrong one more time!!!!

[Martin68]

8. It about effing time!

[gademocrat7]

9. Absolutley, spot on!

[IrishAfricanAmerican]

10. Yes!

Wonderful!

[JohnnyRingo]

11. and it's about time.

Supply side economics has never seen any benefit to the working class. Those tax cuts and subsidies only trickle down to family members who also get tax cuts.

[Dreampuff]

12. Love it!

We should have learned from the Reagan Era that trickle down economics is a disaster. It could work, but we have too many greedy people in this country.

Too bad he didn't have the shovel in his hand last night because he could have handed it to Ted Cruz. Did you notice how he was dozing off a couple times during the speech? Probably for the entire speech, but definitely when the cameras rolled across him.

[EYESORE 9001]

13. Hope he buries it deep

I also hope Arthur Laffer flings his grief-ridden self on the casket as it gets lowered into the ground.

[Pinback]

15. He can use a napkin to wipe his tears.

[alfredo]

19. And face down in case it tries to claw its way out.

[Pinback]

14. That was a great moment.

And the Sedition Party leaders had to sit there and hear it.

The Reagan myth has been so damaging. It’s wonderful to see Joe’s administration proving every day that a government focused on helping the people who need it most makes us all stronger.

[BobTheSubgenius]

17. I know I've said this before, but I think it bears repeating.

My sister was an economist, or, more specifically, her area of study, and her Master's thesis were the economics of the North Atlantic Triangle - US/Canada/UK. She got her degree on 100% scholarship and bursary.

In short, she knew what she was doing. Ended up as a Policy Advisor to the Cdn. govt.

I once asked her what she was taught about trickle-down, and she said that, in all her years of post-secondary education, during every lecture, seminar, reading list, or what have you, it had NEVER been mentioned as a serious area of study. Sure, it was described, but it got as much weight as the feudal economy, or the emergence of the rudiments of "modern" trade that helped to bring about the Renaissance.

"Yes, it happened, but we learned more and moved on."

[IronLionZion]

18. GOP has been trickling down all over America since Reagan

it's about time voters wised up to which party is actually helping people instead of only a few wealthy people

[wryter2000]

20. He's said that before

As far as I can tell, he's the first president who ever has. Love the man.

[aggiesal]

21. Obama had one fantastic advisor, sitting in the VP seat! n/t

[progressoid]

22. I turned on Fox for a few minutes this morning.

Brian Killmede (don't care how his name is spelled) said that trickle down works!!

I laughed and changed the channel.

[Yo_Mama_Been_Loggin]

23. Well said

Trickle down economics is really trickle on.

[peppertree]

24. We'll have to place guards on that tomb though

That thing won't die so easily - and there'll always be a Republican ready to unearth it.

[Uncle Joe]

25. Kicked and recommended.

Thanks for the thread EarlG.

[sueh]

26. Love this!!

[Yavin4]

27. Trickle Down economics is just like Freddy and Jason

A monster that was created in the 80s with multiple sequels and remakes. Every time we think that we've killed the monster, it comes back. I like to think of Paul Krugman as Peter Cushing.

[Aussie105]

28. Plenty of countries are doing OK with 'trickle up' economics.

Give working people a decent wage, good social infrastructure, including income support, and they will spend that money sensibly.
Enrichening their local and country's economy.
Makes the money work!

'Trickle down' simply means tax cuts and financial incentives for companies go to the ledger sheet of rich folk.
The money is stagnant, just sitting there in a bank somewhere.
Stagnant money is dead money.

[tclambert]

29. Trickle down economics works just fine for getting campaign donations for Republicans.

It doesn't stimulate the economy or create jobs, but is that what Republicans really care about? Nah, they just want the stupid rich, the ones who inherited their money, to donate to their campaigns in return for a tax break. Can you say "quid pro quo" boys and girls?