Today Joe Biden delivered a populist oration on the occasion of Labor Day. Biden ripped the stagnant American economy of recent years:
“I’m mad, I’m angry,” Biden thundered, attacking the U.S. economy as “devastating for workers.”
That’s what we’ve been saying for the last 6 1/2 years. Where has Biden been all this time? Oh yeah, that’s right–he’s been the vice president. The economy is lousy for most workers because of a lack of economic growth. In my view, slow growth is largely the consequence of the administration’s economically ignorant policies, in particular, over-regulation. But for the unsought (by the administration) fracking revolution, conditions would be even worse.
So how can the vice president run against his own administration? Biden is particularly angry about the tax code:
“Let me tell you something, man,” Biden said. “The tax code’s not fair. The wealthy aren’t paying their fair share.”
Put aside for a moment the fact that the United States gets more of its tax revenue from upper-income taxpayers than any other developed country. Joe Biden’s party controlled both houses of Congress and the White House from 2009 until 2011. They could pass anything they wanted to, and did: Obamacare and the “stimulus,” in particular. If they wanted changes to the tax code, they should have enacted them. And has Biden been proposing any changes to the tax code during the 6 1/2 years he has been the number two man in the Obama administration? Not that I’ve noticed.
It is a very weird fact that Democrats are utterly unembarrassed about denouncing the economic conditions that have resulted from their own policies. Rather than hang their heads in shame, they angrily demand more of the same failed policies. Somehow, I don’t think most voters will be as quick to forgive the Democrats as the Democrats are to forgive themselves.