CNBC: Biden says investors ‘don’t need me,’ calls for end of ‘era of shareholder capitalism’
* “Throughout this crisis, Donald Trump has been almost singularly focused on the stock market, the Dow and Nasdaq. Not you. Not your families,” Biden said Thursday in a speech in Pennsylvania.
* Among the policies Biden described on Thursday is a tax hike for corporations.
* “There’s a lot of room in tax policy to be both sensible and fair and to promote economic growth,” said Jack Lew, a supporter of Biden and former Treasury secretary.
Presumptive Democratic nominee Joe Biden, laying out his plans for an economic recovery Thursday, said President Donald Trump is too focused on the stock market during the coronavirus pandemic.
The former vice president, speaking at an event in Pennsylvania, said he wanted to end the “era of shareholder capitalism.”
“Throughout this crisis, Donald Trump has been almost singularly focused on the stock market, the Dow and Nasdaq. Not you. Not your families,” Biden said. “If I am fortunate enough to be elected president, I’ll be laser-focused on working families, the middle-class families I came from here in Scranton. Not the wealthy investor class. They don’t need me.”
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WNU Editor: Biden's "buy America" plan is the same message that President Trump has been saying for years. But as for the rest of his campaign promises .... raising corporate taxes, raising taxes on the rich, environmental restrictions, using the Federal Reserve to eliminate racial wage disparities, open borders, no immigration enforcement, control of municipal zoning regulations, etc. ....WOW!. Is this the America that Americans want?
More News On Democratic US Presidential Nominee Joe Biden's Campaign Promises
Biden says his economic plan would create five million new U.S. jobs -- Reuters
Biden pushes populist 'made in America' plan to pump up economy -- FOX News
Biden lashes Trump in economic speech tinged with populist rhetoric -- Politico
Biden unveils $700bn 'buy American' proposal to revive US industry -- The Guardian
Stocks Slide As Biden Vows To "End Shareholder Capitalism", Raise Corporate Tax Rate To 28% -- Zero Hedge
