Debunking Joe Biden's speech in Philadelphia

Last week, Joe Biden delivered a speech to a gathering of corrupt politicians in Philadelphia. Biden would have delivered the speech to honest politicians but this is Philadelphia, where there aren't any honest politicians. But I digress.

The subject of the speech was Bidenomics and the 'investments' the Democrat socialists are making into wild fantasies like eliminating fossil fuels. Early in the speech, Biden said "I’m here today to talk about what we’re doing to invest in America, invest in Pennsylvania, invest in our clean energy future — and to talk about the progress we’ve made building an economy from the middle out and the bottom up."

The reality is that Bidenomics is based on top-down deliveries from government to their winners, which the government picks, not the people. How can a top-down, central-planning model not pick winners and losers? That's the flaw with Bernie Sanders' system. He doesn't allow people to make their own decisions. Sanders' system is based on Sanders telling each of us what we should do. That's what authoritarianism is built upon.

Apparently, Biden doesn't understand economics. If he knew what he was talking about, he wouldn't have said this:

Because we — I got tired of trickle-down economics. I’ve never been a big fan. If the wealthy do very well — I’m a capitalist. I like the wealthy to be able to be wealthy. But if they — the mere fact they do well doesn’t mean that everybody else does well.

If "the wealthy" don't expand their business, their wealth stagnates. If they don't buy new equipment, the wealthy's standard-of-living drops. It's that simple. If "the wealthy" don't give people the tools to make them efficient, their competition will overtake them.

Biden's socialism doesn't require competition. It requires "the wealthy", aka the oligarchs, to tell the serfs what to do. Then there's this:

I watched my dad growing up. There was not a whole lot of benefit trickled down on his kitchen table as a consequence of trickle-down economics to what everyone from the Financial Times to the Wall Street Journal has become my change — my — a different philosophy. They — I don’t — I don’t think they started off trying to be complimentary, but they started calling it "Bidenomics."

Prices are still high, though the inflation rate has dropped. That isn't getting ahead. That's treading water. If Biden wants to take credit for high prices and families treading water, that's his business. Our business is to fire him next November. This is BS:

Over 13 million new jobs built across the country and nearly half a million of them here in Pennsylvania just in the last two and half years. Eight hundred thousand manufacturing jobs, twenty-eight thousand here in Pennsylvania alone in the last two and half years.

Bidenomics didn't create 13,000,000 new jobs. Those are jobs that existed prior to the pandemic. The actual job creation number is closer to 2,500,000-3,000,000.

OFFICIAL LIBERTY PROSPERITY DEFINITION OF BIDENOMICS: Taking an economy with virtually no inflation and robust growth and turning it into an economy with record-high inflation and virtually no economic growth.

Steve Moore explains Bidenomics to Larry Kudlow:

Reaganomics produced robust economic growth. Reagan's policies conquered sky-high inflation. Biden's policies, with a strong assist from House and Senate Democrats, created sky-high inflation. Here's a simple question for voters: would you rather have economic policies that grow the economy and keep inflation low (Reaganomics, aka trickle-down economics according to Biden)? Or would you prefer Bidenomics, where real wages adjusted for inflation keep dropping and inflation persists and there's bills left to pay at the end of the family paycheck?