(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.
American people pls listen to the facts
Joe and Obama knows better , all the world are holding their breath.
pls. vote obama/08
democrates only ran congress for the last 2 years.... republicans ran it for 6 ....so yes its Bush Fault
Exactly my thoughts, people seem to think the president runs the whole country, and that the Senate and congress do nothing all day. The fact is that congress and the senate do most of the policy making in this country.
It was the Republicans who decided to open this thing up with no strings. There is a reason a pupit has strings. It is to keep it from doing something stupid like hire friends to Run FEMA, or having a OIL guy as VP, or having your Economic Advisor call the American people A Bunch of Whiners.
Really? Are you that lame? How many years have they had the majority? 2? This downturn has been going on since 2003 with failed policies, greed, and the Iraq war. You can put this all on Bush.
BJ are you blind to the fact that Bush was in power for the last 8 years and the Republicans owned the house and senate 6 of the last eight years...oh i forgot its better to ignore the facts when thinking and voting...my bad.
To BJ: Actually everytime they tried to do something either Bush vetoed it or the Republicans fillibustered it.
This from a clown that has been in Congress for 30 + years???
the republican party wrecked the country. No McCain.
Elect Obama. That is the change we need.
Newsflash. The congress can't undo the damage of 6 years of Republican congress overrnight. And the Democratic congress can't stop the village idiot in the oval office from weilding the veto pen.
Throw the republicans under the bus. The whole lot of them.
You've been in the Senate for the past 36 years, what did you and your Dem croonies put in place to try and prevent this from happening over the past couple of years in the Dem controlled Congress?
> Nah…the Demoncratically-controlled Congress has no blame in this at all
Yeah, they were in charge for the last 8 years... oh wait, they've only been in charge for the last 1.5. Darn facts always seem to get in the way of a good talking point.
Say BJ, did you ever stop to think that every thing the Democratically controlled congress put GW's way was vetoed? For crying out lowed he's got the record for the most vetos by a president. Granted, the Dems in congress do bicker amongst themselves and some blame can be put on them (along with every American that lives beyond their means and racks up gobs og credit card debt), but the fact of the matter is that Bush doesn't budge on anything. It's his way or the highway. And the way the system is set up, if one party doesn't have control of both the presidency and congress or at least congress and enough in the senate to override a veto nothing gets done. I learned this in middle school for crying out loud.
Lets see.........Bidie-pooh has been a member of the Senate for 29 years and he takes no responsibility for any thing bad. Can you say MBNA?
I think his hair plugs are a bit tight. CNN don't forget to put on your lipstick this morning.
"Nah…the Demoncratically-controlled Congress has no blame in this at all…"
Yeah, BJ, the Democrats in Congress are the problem. Let's just skip over the fact that Republicans have controlled Congress for 12 of the last 14 years and a Republican president has been helping them for the last 8. Those nasty Democrats should have been able to fix that in the 2 years they've been in power with Bush vetos and Republican filibusters.
I agree with Biden. When something goes wrong on a job they blame the person at the top. If you are the leader the bulk stops there. Of course, sometimes the person at the top will put the blame on others.
Hey Joe where were you and BO during this mess???-seems to me you and your novice have been in the Senate a while-and I'm sure there was some discussion about the state of the US economy-wasn't there????
NO WAY NO HOW NOBAMA!!!
And Joe's right. McCain has no plan, except lying.
BJ September 16th, 2008 9:21 am ET
Nah…the Demoncratically-controlled Congress has no blame in this at all…
I'll give them 5% blame. The other 95% goes to Bush (last eight years) and the GOP Congress (12 of the last 14 years).
The "democratically-controlled" Congress has had "control" of Congress for what? 2 years? And nearly everything they tried to accomplish was met with filibuster after filibuster or the threat of veto.
This economic mess has been brewing for much more than two years!
All you need to know about the Dems is his comment regarding the redistridution of wealth. What the Dems want to do is punish people who are successful, because the only way the Dems figure you are successful is by some nefarious means, and make people reliant on the government for what they get. By making people dependant on the government those running the government have more control over the populace's lives and can dictate what the people do. It is no longer acceptable to make your own way in this country and at the end of the day see where you are, if you dont have what you want just whine to the government to take from those with more than you and give you some. We are headed back to a welfare state mentality.
Get 'em Joe! Eviscerate the elite!
And for those who want to spin this to blame the Dems in Congress, take a civics lesson. There's a difference between having a simple majority in Congress and having a sufficient majority to overrule the other party's constant vetoes and filibusters.
Tell them how it is Joe. You sounded so much more intelligent than Mr. Out of Touch who spoke before you.
BJ- When the Democrats took over control of the Congress, we were already in debt. They can't fix 8 years of failed polices and poor decisions in 1-2 years. Get a grip, people like you that want to keep their eyes tightly shut need to realize your Repblican base did this to us. We need Obama/Biden and the Democratic Congress to try and get us back on track like we were when Bill Clinton left and Bush took over....
Nah BJ, the Democratic Congress is fighting against a Hair Brained idiot who somebody (or rather some people) foolishly gave a Veto stamp.