(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.
John Mccain missed the civil rights movement due to him being a POW.
And the inbreeds in this country which are half of them are ready to pat the GOP and McSame in the back and give it another 4 years
I love Joe Biden!!
Of course he didn't mention that HE has been in the Senate Majority for the last 2 years!
go get em Joe..speak about the issues and what you and Barack are going to do fix them,,McCain will just recite the same old lines he has been, and campaign with the "barbie doll" to hide behind her skirts, so he can scream sexist when anyone asks a question about her, or his choice. We all know Mccain cannt draw a crowd without her.
You have to be blind or a fool to not recognize that our economic situation is dire. It says a lot about Senator McCain's lack of vision and grasp of the obvious when he constantly states that the fundamentals of our economy are strong. If observers on the right and left are using the term "1929-like" about the current circumstance, then you know it's bad. Yet, the GOP tickets continues to spit into the wind by insisting nothing is wrong. I guess Senator McCain's hero isn't Ronald Reagan. It's Herbert Hoover.
John McCain, who would not sell his soul to win his party's nomination, is ready to sell every piece of his soul to win the presidency.
Between tax cuts for the wealthy, endless war featuring no-bid contracts for war profiteering cronies, tax breaks for Big Oil and deregulation of lending institutions, they have been systematically looting the U.S. Treasury for EIGHT YEARS!
It is time to take what is left of our country back!
Biden is absolutely correct. McCain sided with the Supreme Court appointed Bush over 90% of the time. McCain is lying when he states he is a maverick or reformer. The record high gas prices, unemployment, unprecedented levels of debt and foreclosures are the result of Bush and the Republican Congress' policies. We are in the crisis we are in today because of them!!
Thank you for your detailed plans Barack available either on the Barackobama.com website or in the bookstore about how Barack will fix this country. I haven't seen or heard any from mccain however Alan Greenspan must have because he said that mccain's plan would plunge this country into an economic disaster that would destroy the economy.
mccain/palin = proven pathological liars.
Sorry, Joe but you've been part of this mess for the full 8 yrs. Also, your flip comments about your own lack of financial acumen lead me to believe you have no money sense at all. How can you joke about not having a savings account and being heavily in debt? You are 65 yrs. old and have the net worth of many 30 yr. olds. What the heck do you do with your own money? Sorry but I can't trust you to handle mine.
Well said VP Joe..... McSame is out of touch!
You were great on in the CNN interview! Just keep rattling off those facts and statistics, and Palin will be renamed to Failin' Palin.
She will definitely have that "moose in the headlight" look(altho, by the time of the debates, that may be her normal expression) and bluster around and fall back on her well grounded capablility, she can "field dress a moose" as touted by Fred Thompson.
Please do not let her do a demo!
A McCain/Palin administration would be an utter disaster. Did the current Republican Administration incorporate those Red State 'values' of 2000-04 for the past 8 years? Looks like they did.
The Result? We have undoubtedly the most criminal and ineffective presidential administration in our nation's history, a destroyed economy while being embroiled in a costly illegal unnecessary war.
Good Work GOP. History will not forget the laughable pathetic failure of Republican Rule.
So Biden, why is it McCains fault?
He hasn't done enough as Senator, but what have you done to regulate the industry? Your a SEnator are you not?
Anything Joe with your name on it? Bueller, Bueller?
The facts of the matter here are threfold, sorry sheep BILL CLINTON signed off on the legislation that dregulated the industry, secondly, hucksters like Sharpton and Jackson put so much heat on the industry TO GIVE LOANS TO PEOPLE THEY HAD NO BUSINESS GIVING THEM TOO and can someone simply blame the GREEDY lenders and the STUPID borowers, eal simple and we ae going to have to pay, who are WE, the PEOPLE hat bought homes we could AFFORD.
Sen. Obama and Biden are part of congress and the DEms have been in control for 6 years. Seems like they both are part of the problem.
Senator Joe had better lighten up a bit. Two years in control by the Democratic Senate and the House is enough time to get their fingers into the mix, while pointing only one way. It's time to quit blaming and start fixing.
Go Joe Go!
When you explain your economic policies as "standing up to corrupt corporations", wouldn't you consider it good when the greediest corporations fail? Viewed from this lens, why is Wall Street's collapse such a bad thing?
You go Joe!
No argument there.
If people think this economy is bad, elect McCain and Palin and watch it get even worse.
You want straight talk America? THAT'S the real deal.
The Democrats and Bill Clinton's policies did 2 things:
1.) Allowed companies to create the bad mortgage loans... which is now causing economic turmoil
2.) Weakened the American military and allowed the US to be attacked on 9/11
Democrats spread their money too thin and keep America weak. Republicans are for building big, strong business and a strong military.
They even stated in their convention they want to be "their sister's keeper". That means take care of everyone.
I believe in taking care of those who at least try to take care of themselves.
If you want to build big companies with good jobs and good benefits and be able to feel safe from a strong military then you need to vote Republican.
For everything else... vote Democrat.
Biden, please remind people that it was Phil Gramm, McCain's chief economic adviser, who deregulated those companies. I guess we can say thanks to Gramm for alot of the problems we are now seeing. So the question is...if McCain is going to reform Washington shouldn't he start with his own campaign first?