The Hill Rising: Biden’s No FDR, Here’s The Proof

Richard Wolff joins The Hill's Rising with Krystal Ball & Saagar Enjeti to analyze the latest relief package. "What really irks me is the comments from some of the Democratic leaders. The other day a statement from Joseph Stiglitz, a Nobel prize winning economist who should know better, this notion that it is 'transformative,' that it's going to eradicate poverty, this is nutty. This is not gonna do that... You're grateful for [the help], but boy is this less than what we need... So comparing [Biden] to FDR does a disservice to one of the few who were willing to think structurally in the history of the Democratic party."

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Pasqual DiGesu commented 2021-03-17 09:39:47 -0400
Supposedly our new president is about to introduce a bill to raise the corporate tax from circa 19% to 28%,, this is after Trump lowered it 4 years ago from 31% to 19%,,, political masturbation?? I sometime wonder if we (a responsible government) were to take 399 billion from a financial power that controlled 400 billion in liquid currency, would this impact terribly any humane being on the planet? (the remaining 1 billion equals 999.99 million dollars).
Robert Lanxon commented 2021-03-16 13:01:45 -0400
Thank you!!! I’ve been having a debate with friends on this topic and they keep saying that Biden’s the most transformative President with tis legislation since FDR (somehow they skip over LBJ). I keep saying that it isn’t, that it can’t be, since the vast majority of the provisions are temporary. It’s decent legislation.. it’s needed… but it doesn’t structurally change anything.

I think there is a lot of wishful thinking and hope going into these beliefs. I learned my lesson from Obama. I should have known better, but I got caught up in Hope and Change. I can’t blame Obama: “wishful thinking and status quo” just isn’t an engaging message.
Richard Wolff published this page in Updates 2021-03-16 05:04:17 -0400