Joe Biden, the moderate, plans the most radical overhaul of the U.S. economy since FDR

  • 📰 Newsweek
  • ⏱ Reading Time:
  • 99 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 43%
  • Publisher: 52%

United States Headlines News

United States Latest News,United States Headlines

To revive the economy, Joe Biden wants to build his own New Deal with an array of proposals to strengthen the social safety net and revive prosperity. The big question: Is he up to the challenge?

These steps now sit alongside previously announced Biden plans that include doubling the federal minimum wage to $15 an hour; tripling federal support for schools in low-income neighborhoods; and making low-income housing assistance available to all who qualify.

A Quinnipiac University survey of registered voters in late May found the Democrat statistically tied with Trump on whom respondents trust more to manage the economy. That's a stark contrast to Biden's 20-point lead when respondents were asked who they thought would do a better job of handling the coronavirus response.

Of course, there are the typical partisan interpretations. Bernstein, the Biden adviser, asserts Americans are re-evaluating Trump's economic leadership because the pandemic has shown that the previously booming economy"was clearly built on sand." The economist says Trump's controversial and odd remarks, such as his suggestion that household disinfectant might be used inside the body to cure COVID-19, don't sit well with the public in these times.

"At the end of the day, Jerome Powell, Donald Trump, Steve Mnuchin, the secretary of treasury designee for the Biden administration, Joe Biden, [the] vice president of [a] Biden administration—they are all going to run ridiculous levels of deficit spending similar to World War II," he says."There is absolutely no alternative. Whoever wins the presidency, they're going to adapt the same policies.

Vermont Senator Bernie Sanders endorsed Biden at a virtual event together in April, saying that Americans of all political affiliations should back the former vice president.Darity, the Duke economist, is skeptical. FDR proposed a slew of government work programs, restored faith in banking by federally insuring deposits and, of course, created Social Security.

Biden supporters say there are other ideas that will show the candidate is serious about far-reaching, fundamental change. Ryan says he's expecting"an ambitious agenda item" involving ways to train millions of out-of-work or under-employed Americans for a rapidly automating economy where many jobs lost in the pandemic crash may never return.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Sounds about right. Joe built the cages.

He's backed by Big Banks. All he is going to do is bring a blanket and some hot chocolate to the status quo.

JoeBiden SteveFriess What a joke.

JoeBiden SteveFriess nothing radical comes out of moderate. Nothing.

He has no plan and is seriously incoherent

Why hasn't he done anything in the 44 years he's been in office? Yes, the only radicalv economic overhaul he's done has been to his and his family's bank accounts. At our country's expense. Trump 2020

Performative basement lip service from the folks that stopped at nothing to prevent someone that ACTUALLY wanted to to fix the system, no one believes it.

JoeBiden SteveFriess

JoeBiden SteveFriess Who got to decide he was “the moderate”?

JoeBiden SteveFriess Is this a paid advertisement?

fake news

Dem presidents following train wreck Republicans’ fiscal chaos and deficit blowups.

Trumps presidency is over for good.

This is a lie.

Well its about fucking time

Joe Biden is a placeholder. He doesn’t even know we are in the 21st century’s...”come on man...”

That is the guy that gets to determine ones blackness

That is a blatant lie. Joe Biden is a right-wing Democrat whose ideology is far right of Reagan.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 468. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Joe Biden Urges Peaceful Protests: ‘We Must Not Allow this Pain to Destroy Us’Joe Biden has urged Americans to protest peacefully, and to not let their anger over the death of George Floyd at the hands of law enforcement officers overshadow the “reason we protest.&822… 😅🤣 He's finally awake from his afternoon nap which somehow went days.
Source: Variety - 🏆 108. / 63 Read more »

Joe Biden comments on the protests taking place across AmericaProtests following the death of George Floyd, a black man who pleaded that he couldn't breathe while he was held down with a knee by a Minneapolis police officer, have spread nationwide. Follow here for the latest updates. This joker wouldn’t know a riot from a tennis match! I bet he doesn’t even wipe his own ass. blatheringidiot The gaff leader BidenDementia
Source: CNN - 🏆 4. / 95 Read more »

Joe Biden Urges Peaceful Protests: ‘We Must Not Allow this Pain to Destroy Us’Joe Biden has urged Americans to protest peacefully, and to not let their anger over the death of George Floyd at the hands of law enforcement officers overshadow the "reason we protest." In a Medium post published early Sunday morning (full post below), Biden said “protesting such brutality Is this peaceful ? Is this peaceful Mr. Biden ? Meu deus
Source: YahooNews - 🏆 380. / 59 Read more »

Joe Biden condemns violence surrounding protests, says George Floyd's name will not be a hashtag'We are a nation in pain, but we must not allow this pain to destroy us,' the presumptive Democratic presidential nominee said. No love From the hideout Basement, gee man, don’t you feel imprisoned yet, staying in that basement for months. He doesn’t even know what you asked
Source: Newsweek - 🏆 468. / 52 Read more »

Why Val Demings May Be the Best Running Mate for Joe Biden Right NowPicking an African-America woman to be his running mate may not just be a politically expedient move by Joe Biden. After the events of the past week, it may just be the right thing to do. RepValDemings MollyJongFast RepValDemings MollyJongFast Who is she? Let’s get into it. Black VP is a must. MollyJongFast RepValDemings I'm down. She's awesome!
Source: voguemagazine - 🏆 715. / 51 Read more »

Joe Biden Visits Protest Site Sunday, In Rare Venture From HomeOn Sunday, Biden visited the site of protesting in Wilmington, Delaware, that saw destruction, looting Saturday night. Bidens bailing out the rioters Leadership! back to the basement Joe.
Source: Forbes - 🏆 394. / 53 Read more »