"Bidenomics"?? The Real Record of Biden’s Policies for the Working Class
The Socialist Program with Brian Becker
The Socialist Program
4.7 • 587 Ratings
🗓️ 2 August 2023
⏱️ 30 minutes
🧾️ Download transcript
Summary
On today's episode Walter Smolarek and Prof. Richard Wolff discuss "Bidenomics" (which Professor Wolff calls "political theatre"), Biden's real economic record, and why his policies are so harmful. What has "Bidenomics" meant for the working class?
Professor Richard Wolff is an author & co-founder of the organization Democracy at Work. You can find his work at rdwolff.com.
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Transcript
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| 0:00.0 | For both Democrats and Republicans, so-called Biden-nomics is a hot topic of discussion. |
| 0:07.4 | But beyond efforts to score cheap electoral points with catchy slogans, what is Biden's real |
| 0:13.0 | record on the economy? What has Bidenomics meant for the working class? |
| 0:18.9 | We need a new system. We need a new society. We need to demand that which mayfe join us for a regular segment where we discuss the biggest stories relating to the economy, the state of the working class, and the crimes of big business. |
| 1:04.4 | I'm Walter Smilerick, filling in for Brian Becker. |
| 1:06.7 | The Socialist Program brings new content three days a week thanks to the support of our patrons at patreon.com slash the Socialist Program. |
| 1:14.2 | We appreciate all of your support and encourage you to become a patron today if you enjoy listening to the show. |
| 1:20.1 | Richard Wolfe is the co-founder of the Organization Democracy at Work and the author of many books. |
| 1:25.5 | The latest being The Sickness is the System when Capital capitalism fails to save us from pandemics or itself. |
| 1:31.6 | You can check out all of his work at r d wolf.com. |
| 1:37.2 | So Professor Wolf Bidenomics in the news constantly. |
| 1:41.2 | The Republican political strategists and operatives are hoping that this will |
| 1:45.3 | be a winning narrative for them in the election associating Joe Biden with a looming recession or |
| 1:52.1 | high inflation. The Democrats are now saying, well, maybe we can turn this around and make |
| 1:56.6 | Bidenomics into a positive thing in people's minds that's associated with economic resiliency or |
| 2:02.0 | investment in infrastructure. So there's this sort of political theater going on. But behind all of that |
| 2:07.9 | or beyond all of that, I mean, what is Biden's real record on the economy? And I mean, how should |
| 2:13.3 | workers understand the last two and a half years of the Biden administration in terms of its |
| 2:18.0 | economic policies? Okay, it's a good question. And the point you made about political theater |
| 2:25.6 | is a good starting point. Most of it is theater, Republican theater, Democratic theater. |
| 2:39.2 | And Biden is not very different from Obama, |
| 2:45.6 | who wasn't very different from Clinton. And Trump, despite all of his theatrics, wasn't all that different from Bush one or Bush two. |
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