Biden's economic speech hides far-left policies that would make pandemic economy permanent

Fox Business ^ | 10 Jul 2020 | OPINION

[E. Pluribus Unum]

Joe Biden rolled out his economic agenda in a speech Thursday that was heavy on the Obama-era policy greatest hits.

The mainstream press mostly billed the Biden priorities that echo President Trump's, including boosting manufacturing, renegotiating trade deals, reducing dependence on China, and implementing buy-American provisions.

These positions are a smokescreen to distract centrist voters from the far-left policies that Biden would implement under his de-facto campaign chairman Bernie Sanders if he took office.

President Trump won Michigan, Wisconsin, and Pennsylvania, where Biden spoke on Thursday, by 11, 27, and 50,000 votes, respectively. Biden understands that he won't be able to flip these common-sense voters with warmed-over socialist positions.

Unless you count the "shovel-ready" stimulus projects over which the Obama administration presided following the Great Recession.

If voters want real insight into Biden's economic agenda, they should look at the warning Bernie Sanders gave this week when he said that Biden would be "the most progressive president since FDR."

[Vaduz]

Biden still pimping Obamacare and anything else the DNC thinks the slackers will take the bait again.

[eyeamok]

I found his Economic Speech!! This is just the opening, there are a lot of pages!

The history of all hitherto existing society (b) is the history of class struggles.
Freeman and slave, patrician and plebeian, lord and serf, guild-master (c) and
journeyman, in a word, oppressor and oppressed, stood in constant opposition to one
another, carried on an uninterrupted, now hidden, now open fight, a fight that each
time ended, either in a revolutionary re-constitution of society at large, or in the
common ruin of the contending classes.
In the earlier epochs of history, we find almost everywhere a complicated
arrangement of society into various orders, a manifold gradation of social rank. In
ancient Rome we have patricians, knights, plebeians, slaves; in the middle ages,
feudal lords, vassals, guild-masters, journeymen, apprentices, serfs; in almost all of
these classes, again, subordinate gradations.
The modern bourgeois society that has sprouted from the ruins of feudal
society, has not done away with class antagonisms. It has but established new
classes, new conditions of oppression, new forms of struggle in place of the old ones.
Our epoch, the epoch of the bourgeoisie, possesses, however, this distinct
feature; it has simplified class antagonisms. Society as a whole is more and more
splitting up into two great hostile camps, into two great classes directly facing each
other: Bourgeoisie and Proletariat.
From the serfs of the middle ages sprang the chartered burghers of the earliest
towns. From these burgesses the first elements of the bourgeoisie were developed.

[Son House]

The Great Recession was because of that election result, people weren’t fooled by the media, and an honest question was asked by reporter Barbara West about Socialism to which Biden played off as it was a joke.

No joke Joe, lots of people weren’t fooled, the economy slowed, and post election even as they tried a huge government stimulus. Remember the days of reporting ‘better’ unemployment numbers even as the private sector lost jobs.

The more taxes taken out of the economy, the smaller it is going to be.

And that goes for taxing the rich at higher rates too, so you rich guys who don’t think you pay enough tax, write a check to the US Treasury and don’t insist on the stupidity that gets job opportunity reduced in the country. We need employment.

The Opportunity Cost of a President-Elect Biden will be less jobs opportunities for us working class citizens. Only to be devastatingly exceeded by legislation and regulation post January 20, 2021.

And the next 2 or 3 years are going to be tough enough because of pandemic recovery.

[caww]

He’s pushing racial war.

[eyeamok]

The First 25 pages of his Economic Agenda are a pretty good read, but here is the Meat of his Economic Policy

The proletariat will use its political supremacy, to wrest, by degrees, all capital from the bourgeoisie, to centralise all instruments of production in the hands of the
State,6 i.e., of the proletariat organised as the ruling class; and to increase the total
productive forces as rapidly as possible.
Of course, in the beginning, this cannot be effected except by means of despotic
inroads on the rights of property, and on the conditions of bourgeois production; by
means of measures, therefore, which appear economically insufficient and
untenable, but which, in the course of the movement, outstrip themselves,
necessitate further inroads upon the old social order, and are unavoidable as a
means of entirely revolutionising the mode of production.
These measures will of course be different in different countries.7
Nevertheless in most advanced countries, the following will be pretty generally
applicable.
1. Abolition of property in land and application of all rents of land to public
purposes.
2. A heavy progressive or graduated income tax.
3. Abolition of all rights of inheritance.
4. Confiscation of the property of all emigrants and rebels.
5. Centralization of credit in the hands of the State, by means of a national
bank with State capital and an exclusive monopoly. 6. Centralisation of the means of communication and transport in the hands of
the State.
7. Extension of factories and instruments of production owned by the State: the
bringing into cultivation of waste lands, and the improvement of the soil generally
in accordance with a common plan.
8. Equal obligation of all to labour. Establishment of industrial armies,
especially for agriculture.
9. Combination of agriculture with manufacturing industries: gradual abolition
of all the distinction between town and country, by a more equable distribution of
the population over the country.
10. Free education for all children in public schools. Abolition of children’s
factory labour in its present form. Combination of education with industrial
production, &c., &c.
When, in the course of development, class distinctions have disappeared, and
all production has been concentrated in the hands of a vast association of the whole
nation, the public power will lose its political character. Political power, properly so
called, is merely the organised power of one class for oppressing another. If the
proletariat during its contest with the bourgeoisie is compelled, by the force of
circumstances, to organise itself as a class, if, by means of a revolution, it makes
itself the ruling class, and, as such, sweeps away by force the old conditions of
production, then it will, along with these conditions, have swept away the
conditions for the existence of class antagonisms, and of classes generally, and will
thereby have abolished its own supremacy as a class.
In place of the old bourgeois society, with its classes and class antagonisms, we
shall have an association, in which the free development of each is the condition for
the free development of all.