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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] 5 points 1 year ago (1 children)

The thing you got to realize is that the executive branch does not have free reign to pass whatever they want. To me, the mark of a good executive is their ability to pass legislation. The Biden administration has done a fantastic job in light of such a polarized political system in the United States. Not everybody is going to want the same things that we want. In order to get things passed, sometimes we have to make compromises.

Furthermore, the Biden administrations passing of the Inflation Reduction Act specifically invested 70+ billion into public transportation (specifically rail), and far more into renewable energy production.

Biden has been able to move the meter to the left while still working with conservatives on certain issues. If you’re looking at it from a progressive standpoint, and you might not think they’re doing as much as they can. But please keep in mind that they also have to represent moderates and conservatives of the democratic branch.

Also, walkability would be state/local issue lol.

[–] [email protected] 0 points 1 year ago

I can think of many legislation things that'd get bipartisan support. Biden has done none of them lol. You talk about compromises, but biden has not once compromised to allow some portion of leftist economics or true traditionalist social policy. where is the compromise? I haven't seen it.

You say biden has poured 70+ billion into rail, yet rail here has had literally no difference. In california we have 2 HSR projects that have been stuck for years now. Biden's presidency hasn't changed that at all. Instead we got.... more roads which are the opposite of what should be done.

In terms of renewable energy, I don't see much there either. AFAIK geothermal and tidal aren't mentioned at all. And biden's attempt to help renewables pushed moreso coal/oil making things worse off, rather than better.

Biden has been able to move the meter to the left while still working with conservatives on certain issues. If you’re looking at it from a progressive standpoint, and you might not think they’re doing as much as they can.

The opposite, really. Biden has pushed plenty of progressive ideas which I am deeply opposed to. yet has not moved things left at all, but rather more towards the right.

But please keep in mind that they also have to represent moderates and conservatives of the democratic branch.

I'd identify myself as conservative, yet biden has failed here too. Just today he's crying about the supreme court's decision to block the racist affirmative action policies. If he's trying to support or compromise with conservatives, his actions here do not make sense. Similarly, Biden and the other democrats in his group have recently pushed here in california to repeal racial equality in order to discriminate against whites/asians. This is boldly progressive, and not even attempting to compromise with conservatives.

Also, walkability would be state/local issue lol.

I don't think so. If electric cars, roads/infrastructure, etc. are able to be "federal", then surely walkability is related to that? if all federal government can do is push harmful legislation, then surely we should just abolish it entirely?