(CNN) - Sen. Joe Biden, the Democratic vice presidential candidate, said Tuesday that "the middle class is dying" and Sen. Barack Obama's economic plan will reverse that trend by lowering their taxes and raising those of people making $250,000 or more.
Watch Biden on American Morning
"Create jobs, keep people in their homes and increase regulatory oversight of the very people John (McCain) has refused to regulate," Biden said, summing up Obama's plan for repairing the ailing economy.
Earlier: Biden hammers McCain over economy
"We're letting taxes expire for the very wealthy and giving the middle class a fighting chance," he said.
Asked if that amounted to income redistribution, Biden replied, "I don't care what you call it. The middle class is dying."
"The American worker's been left out in the cold," he said.
Biden squarely blamed the economic mess on President Bush's economic policies backed by McCain, including the failure to properly regulate Wall Street, which he said resulted in fewer jobs, increased foreign debt and skyrocketing oil prices.
Biden, like McCain, called for stronger government regulation of Wall Street. "Bottom line is if you come to the federal government to borrow money, we get to look at your books," he said. "That's my money. It's the taxpayers' money."
Biden further blamed Bush and McCain for the "god-awful economic mess at home and abroad." Referring to assertions by McCain that the U.S. economy was fundamentally strong, Biden said the economy was "sound if you're very wealthy."
"It's a disaster if you're a hard-working middle-class family who goes from paycheck to paycheck and worries about paying your mortgage," he said.
Let's see who's been in charge for the last EIGHT years...Oh yeah it's been Bush a Republican!!! The Dems took back Congress only TWO years ago but not with a large enough majority to stop Bush's veto pen!! Our current economic crisis did not happen over night but over the last EIGHT years of failed leadership. No accountability for anything! No checks and balances to keep the crooks from stealing from the American taxpayer - Halliburton, Cheney's old company is a prime example of this wasteful government spending of my money!!
Republicans if you can, please explain to me with some logic just how in the world this is all the Democrats fault and your party is completely blameless.
One of the world's largest financial institutions went bancrupt yesterday. I realize that most of you McCain supporters probably don't understand the stock market but you will surely understand this... Lehman and Bros. has been around for over 100 years. They survived the great depression and two world wars, but they were not able to survive the Bush Adminstration. "nuff said.
Joe was great this morning on the Today show! Go get em Joe!
And justifyably so.
Bush and his administration have done catastrophic damage to this country which will take decades to restore, if it can be restored.
I hope history accurately protrays Bush for the damage he has done.
Truth be told, all hands were asleep at the wheel and this includes both Republicans and Democrats, the Executive and Legislative braches, large investment banks and the media for not investigating their practices. The whole system failed as the checks and balances did not kick in. And truth be told, it is going to take all of us (Republican, Democrats and others) to fix this mess.
Sherry in SC:
Hey wake up down there. Don't keep believing the repugs. they got us into this mess. Congress was only in power 2 years. Bush was in for eight. The repugs think only of themselves. The wealthy get wealther. READ THIS BLOG: OBAMA IS TAXING THE RICH!! gET IT?
Is he cross-eyed?
You go Biden! Get um. They are so wrong it's not even funny. NO BUSH. NO MCCAIN. NO PALIN. NO WAY!
Hey Sherry in SC – real 'mature' comments. People like you are what makes it scary to live in America today.
If we as Americans put another Republican in the White House we deserve whatever happens. If a majority of white voters don't vote for Sen. Obama only b/c he's black, he won't win, and that in itself would be a travesty, but if a majority of whites vote for him b/c of his policies, leadership, and vision, regardless of the color of his skin, he'll win, period. Change only comes about through change. Sen. McCain and Gov. Palin offer the same status quo. Wake up America! Give Sen. Obama a chance. The world is watching!
Vote for Sen. Obama and Sen. Biden!
Again, would you please stop censoring my remarks, CNN?
You do realize that Barack Obama voted with the Bush administration better than 50% of the time, don't you?
There must be a huge number of women, especially white women who vote republican, who have been extremely satisfied and happy with the last 8 years.
The only other answer is that women are as ignorant as the republican party believes and depends on them to be.
as always the democrats never take responsibility for anything that goes on. that leads me to the next question. what exactly do they do? they seem to just be taking up space!
CNN, when are you going to wake up? your coverage of the election, as with kerry 4 yrs ago is one-sided! when are you going to get some balance?
you defineatly hurt the democratic party more than help them. hey, maybe wolfe will shed some tears after obama fails to obtain the white house!
sounds to me like the democrats are going to take away our freedom and legislate everything from daycare to unions. thats the trouble with an egotist he only has one solution his.
"What does Barack Obama's running mate say about Barack Obama?"
ABC'S George Stephanopoulos asks Biden during a debate while he was still contesting Obama for the nomination: "You were asked, 'Is he ready?' You said, 'I think he can be ready but right now, I don't believe he is. The presidency is not something that lends itself to on-the-job training.'
"I think that I stand by the statement," Biden is shown replying.
"And what does he say about John McCain?" the announcer asks.
"I would be honored to run with or against John McCain, because I think the country would be better off," Biden is shown replying .
No further questions, your honor.
To "Sherry in NC":
Thank you for your filthy racist changing of Obama and Biden's names. Your behavior helps show why it is so important to take the country back from people like yourself.
The American Public