Home News Biden Joins The Squad To ‘Dismantle US Economy’ Declares ‘Shareholder Capitalism’ Is Over

Biden Joins The Squad To ‘Dismantle US Economy’ Declares ‘Shareholder Capitalism’ Is Over

by Paul Goldberg

Former Vice President Joe Biden gave a speech in Dunmore, Pennsylvania on Thursday and declared that his administration will  “end to the era of shareholder capitalism.” If you remember Rep. Ilhan Omar made a similar declaration this week claiming the US economy is racist. 

“It’s way past time to put the end to the era of shareholder capitalism. The idea the only responsibility a corporation has is its shareholders — that is simply not true, it’s an absolute farce. They have a responsibility to their workers, their community, to their country.”

Biden is proposing a more inclusive system built on the power of labor unions on “black, brown, and Native American” communities that he said had been left out of economic prosperity.

Breitbart News Reported:

Biden, addressing a small, socially-distant group of workers and journalists at the McGregor Industries metal works facility, said that he would raise the corporate tax rate to 28% (from 21%, where Trump lowered it in the Tax Cut and Jobs Act of 2017).

He also said that he would spend $400 billion on infrastructure projects, including “clean energy” projects, touting his experiences in the Obama administration’s Recovery Act (without mentioning high-profile “green” failures like Solyndra).

And Biden said that he would implement a policy of “Buy America,” in which the federal government would purchase pharmaceuticals and medical supplies exclusively from domestic suppliers.

Biden said he will grapple with “the cost of systemic racism” and will give a “comprehensive agenda for racial equality in our country.”

He also unveiled the name for his new plan that is very similar to MAGA, “Build Back Better.”

During much of the speech, Biden attacked President Trump over his response to the coronavirus.

With the announcement that AOC has co-chaired some of his policy with the “Unity Task Force,” its apparent Biden will say and do anything to be elected President.

He doesn’t care what his policies are – heck he probably can’t even remember them – as long as he gets elected and this country is going to go down the tubes. 

Breitbart News

Written by Staff WriterJuly 9, 2020

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