Can anyone explain to me the Biden economic theory of "growing the economy from the middle out and bottom up?

[Anonymous]

The "theory" of trickle down economics was invented by the looney left, no economist or republicans ever referred to it as trickle down. Now Biden rambles on about growing the economy "from the middle out and bottom up" but I would like to know what that even means.

[NamerOfStars]

No, the theory of trickle down economics was invented by Arthur Laffer, who's neither left nor especially loony. He IS kind of a moron, insofar as he thought the idea would work, but blaming it all on Democrats simply because the phrase "trickle-down economics" came from them is not only stupid, but dishonest.

We had eight years of Reagonomics under Reagan, and the country suffered enormously for it. We had eight more years of it under Dubya, and the world suffered enormously for it. Now we're all suffering from idiotic decisions by state governors, and you're blaming Biden.

If you, and those like you, don't abandon this idea that "it's only bad when the other side does it", things are never going to get better, and we'll be stuck going back and forth forever.

[Asker]

That's a good rant, problem is, you never even attempted to answer the question.

[NamerOfStars]

Because you never even attempted to pose one- this is just unthinking Biden-bashing.

[Asker]

Biden talks about growing the economy from the "middle out and bottom up", he just said it today. It will create jobs, it will grow the middle class/wages and build on our gdp. Can YOU explain to me exactly how that type of economic theory works?

[Asker]

If you don't know just fucking say you don't know.

[jshm2]

Get your head out your ass, and you'll discover it's a media myth, and not actually something "the left" or academics actually propose.

Why the hell would you give something to A and "hope" it will trickle down to B? It's usually only republicans and jackasses who talk on about "trickle down economics" like it was some sort of tried and tested model.

As for Biden, he's inherited a bigger mess from Trump than he hoped for. He knows helping the corporations isn't going to fix anything as most of them will just outsource more to China and India.

Hence he's trying to coax small and medium businesses to step up more. But he knows America is more or less finished and too divided. He's hoping greed will bring enough people together to make them cohesive, one last time.

[ScisorsAndRaisins]

LMAO Biden didn't even coin the phrase Bidenomics. He just likes the sound of it.

Keep in mind, Biden planned to hire like 80 thousand IRS agents, and called it the Inflation Reduction Act. lol

He's since changed the name because even the left was laughing at him.

[OddBeMe]

Your economic history is as bad as your theory. “Trickle down” is a name for economics from Fredrich Hayek’s theories, and the “Chicago School” of economic doctrine.

Left wing “loonies” prefer John Maynard Keynes. The only economic theory to work, Keynesianism. Which yes, expands the economy by investing in middle class infrastructure. Instead of tax cuts for the rich which are supposed to trickle down to us. But never do.

[exitseven]

Print money and give it to your supporters so they will vote for democrats and cause inflation so that everybody else;s standard of living takes a nosedive.