The debate seems like old news now, I know, but I’m going to finish this ethics review if it kills me. There was valuable, if depressing, ethics revelations throughout.
A. No, really, the economy is terrible. Really. Trust us.
Let’s begin Part III with this exchange:
My question to you, Mr. Vice President, is what is your argument to the voter watching this debate tonight who may not like everything President Trump does but they really like this economy and they don’t know why they should make a change.
BIDEN: Well, I don’t think they really do like the economy. Go back and talk to the old neighborhoods and middle-class neighborhoods you grew up in. The middle class is getting killed. The middle class is getting crushed. And the working class has no way up as a consequence of that.
Well, which is it: is Biden lying here, or is he completely ignorant of what is going on?
The question is particularly timely now, after the Christmas season was a smash hit. So called “Super Saturday” had the most money spent by consumers ever. Amazon had record-breaking holiday season drove its stock up 4.5% and helped lift the Nasdaq composite index above 9,000 for the first time ever. This doesn’t happen, Joe (Bernie, Liz) in an unpopular economy, and what’s not to like? Unemployment is the lowest it can go; wages are rising across the board. Black employment is up, jobs generally are up. It isn’t just the stock market. Obviously consumer confidence is high.
Do the Democrats really believe they can convince the public that the economy is bad by just lying over and over again, and saying it’s bad, like Biden did? Apparently. Buttigeig, Yang, Sanders, Steyer and Warren followed Biden claiming that the middle class—you know, all those people who spent that money on Christmas gifts, was “hollowed out” in Warren’s words. “[We should beat Trump] on the economy where he thinks he’s king and where, in fact, he’s a fraud and a failure,” said Steyer.
Because they know that good economies almost always re-elect Presidents, the Democratic candidates are adopting the Sanders-Warren, or Marx-Lenin, definition of what a “good economy” is. As Sanders keeps saying, the problem is income inequality: if there are people making a lot more than you, you should be miserable, and it’s time for a revolution. This was the justification for Rep. Ocasio-Cortez saying last week that the U.S. was a fascist country. Her comments , noted John Daniel Davidon of the Federalist, were characteristic of what he called the Left’s “economic illiteracy” and their belief that some people don’t have money because others are simply hoarding wealth. He said,
“She complained about America not being an advanced society, because it doesn’t matter how much gold you amass, you know, if people aren’t taken care of. It was a perfect illustration of the the economic and historical illiteracy of the left. Nobody is amassing gold. GDP doesn’t stand for gold deposit pile. That’s not how the economy works…Wealthy Americans are investing [their money]. They are creating jobs. That is why wages are going up, that is why unemployment is down. That is how the real world works. These people are out to lunch on the stuff.”
And the candidates for President, based on their debate performance, desperately want to keep them “out to lunch” as well. Continue reading