September 16th, 2008
08:00 AM ET
12 years ago

Biden blames Bush, McCain for 'god-awful economic mess'

[cnn-photo-caption image= caption="Biden appeared on CNN's American Morning Tuesday."](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.

Filed under: Joe Biden
soundoff (242 Responses)
  1. bill from michigan

    Give them hell Joe. Don't let these liars breath.

    September 16, 2008 09:39 am at 9:39 am |
  2. Vote for Obama

    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 Republican 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....

    September 16, 2008 09:40 am at 9:40 am |
  3. sam

    Obama needs to call an urgent media conference on this issue today and now.

    September 16, 2008 09:40 am at 9:40 am |
  4. Tired of W, OH

    @BJ: Nah...there's no reason at all for the repuglicans and Bush to want to block progress by the slim Democratic majority. Other than trying to use the perception of a "do-nothing Congress" against the Democrats in the next election. Putting "Country First" my @$$.

    A slim majority is not a veto-proof majority.

    September 16, 2008 09:40 am at 9:40 am |
  5. ANGIE

    How could the democrat controlled congress do anything when BUSH USED HIS VETO POWER ON EVERYTHING Besides congress has only been democrat ran less then 2 years it took longer then that for this mess to happen! thanks bush for being a great president thanks for doing your job regulating the greed and coruption of the banks oops sorry your greedy and corupt too well thanks alot bush FOR NOTHING!

    September 16, 2008 09:42 am at 9:42 am |
  6. Bud

    That's correct BJ. This fiasco was already well in motion prior to January 2007 when the democratically controlled congress was seated. The majority of this mess was propagated by Bush and the republicans who controlled both Houses of Congress from 2001-2007... along with their cronies.

    September 16, 2008 09:43 am at 9:43 am |
  7. caobama

    But BJ, let's remind people that the Dem congress has been in charge for 2 years under a commnader and chief that has veto bill after bill, of course you would blame it on congres instead of the the people who are currently in charge BUSH this is why I say not the same vote no for Mc Cain

    September 16, 2008 09:43 am at 9:43 am |
  8. Jim

    Nah Bj only the repuglicans are to blame. think u got that one wrong. then again ur old man still thinks we are "strong". What a joke. just keep hiding palin behind that curtain too

    September 16, 2008 09:43 am at 9:43 am |
  9. ginger

    ...forget "pitbull wearing lipstick" this is the original JYD (junk yard dog)!
    Thanks to Senator Biden for speaking on behalf of those who are reeling in the wake of this mess!

    September 16, 2008 09:43 am at 9:43 am |
  10. Judy from NC

    BJ – the democratically controlled congress does not have enough votes to override Bush vetos. That's why we need to get at least 60 seats this election. Then we can get something done!

    September 16, 2008 09:44 am at 9:44 am |
  11. bibek

    We can't afford more of the same.

    Same lies, same deception, same manipulation, same failed policies.

    September 16, 2008 09:45 am at 9:45 am |
  12. Marilyn

    Yes, Joe, it is income redistribution, which is socialism. Just because a person makes more than $250,000 a year doesn't mean he is responsible for bailing out those who made bad housing decisions, refused to save for bad times, and feel no personal responsibility for their lives and their families' wellbeing.

    September 16, 2008 09:45 am at 9:45 am |
  13. Reality Check

    Here are the facts:
    The Senate has 49 Dems and 49 Repubs, 2 Independents.
    One of those independents is Lieberman.
    Republicans had control of all three branches of the Federal government for years, and look what they did!

    September 16, 2008 09:45 am at 9:45 am |
  14. Brennan, Seattle WA

    I love when people try to pin this on the Democrats. Have you not been paying attention? Everything that they send up is vetoed by the President. McCain want to give more tax breaks to large corporations.

    By the Republican logic we should have a 0% tax rate on large corporations, which will cause them to go around and hire everyone that is looking for a job, even if they don't need the workers. Is Bill Clinton watching.......because the Republican economic policy is the real fairytale.

    September 16, 2008 09:46 am at 9:46 am |
  15. TheOtherSide

    Bush44 need to tell us how his economic policies are different from those of Bush43.

    September 16, 2008 09:47 am at 9:47 am |
  16. Rachielle from VA

    obiden '08!!!

    September 16, 2008 09:48 am at 9:48 am |
  17. nathan

    It's a joke just to blame republic. Democratic controlled congress and did nothing. No blame? Democratic congress = Obama , 20% approval. Lower than Bush's 30% Approval !
    Obama/Biden ticket, just blame everything, and did nothing. Nada = congress!

    September 16, 2008 09:48 am at 9:48 am |
  18. Milton, Harrisburg, PA

    Democratically controlled congress doesn't have enough of a majority to override the PRESIDENT'S VETO. There is no point forwarding legislation that will be nixed by President Moron. Don't try to pin this economic mess on the Democrats. Take a civics lesson first.

    Try this little comparison:
    8 years of Clinton
    8 years of Bush

    During which administration did you have more money in your pocket and 401K? Yeah. I thought so. How bout the country as a whole? National Debt? Annual deficit? You can also do a nice historical view of who controlled congress relative to the stock market. The republicans don't come up favorable in the legislative or executive branch. That Republicans are better at managing the economy is a big a lie as McCain's campaign. Reagan really increased the national debt and George Bush and G.W. added significantly to it. Corporations run this country and Republicans let them. This is why we are in a heap of trouble.

    September 16, 2008 09:48 am at 9:48 am |
  19. Dana

    Obama needs to call a press conference and address this crisis!! Mccain and Bush needs to be called out on this!! And Obama after you call them out, please address what you are planning on doing!!

    This will be a perfect time to lay out your economic plans for the American people to understand!!

    September 16, 2008 09:48 am at 9:48 am |
  20. Andy

    "It's his fault!"

    "No, it's his fault!"

    Do you really have to wonder how we got into this mess?

    September 16, 2008 09:48 am at 9:48 am |
  21. Ben

    A couple living in NY or CA and each earning $125k is not "wealthy". This tax increase and then give away to those who do not pay any federal taxes in the form of a rebate is all good for getting votes, but if this would have worked Cuba would have been the economic superpower not the USA. Small businesses create the majority of jobs in this country, increasing taxes on this group of taxpayers is sure to kill job creation and make the USA a mini France. No wonder Obama is so popular in Europe. After the disastrous policies of Bush we can't have Obama increase taxes. No tax increases, but fiscal prudence is the need of the hour and improved regulation of Wall Street.

    September 16, 2008 09:48 am at 9:48 am |
  22. paul

    that`s joe telling the truth... go get them joe...

    September 16, 2008 09:49 am at 9:49 am |
  23. Sherry in SC

    No, Mr. Bin Biden, the DUMMYCRATS/democrats control congress – GO TAKE A NICE LONG LOOK IN THE MIRROR AND YOU WILL SEE THE PROBLEM.

    Mr. Bin Biden and Hussein Nobama need to act like mature thinking adults and accept their part of the blame. Oh wait – they only vote present, not for or against anything – that way nothing is never their fault. Or – "it was taken out of context". BullCRAP!! You are two desparate pathetic loosers who just come out with junk and think cry foul when the Republicans strike back. If you can't handle it, go home and have a little cheese with your whine!!!

    McCain/Palin 08

    September 16, 2008 09:49 am at 9:49 am |
  24. John in Ohio

    "Nah…the Demoncratically-controlled Congress has no blame in this at all…"

    It really doesn't. With the Senate evenly split (the Democrats only have a one person "majority" there, and that one person is Lieberman, the guy who spoke at the RNC convention), and less then a 2/3 majority in the House, there is nothing that Congress can do that the President doesn't want them to do. The Democrats have been in charge of Congress, in name only, for just two years. The problems have been brewing far longer then that.

    So yes, the so-called Democratically controlled Congress has little to no blame in this at all.

    September 16, 2008 09:50 am at 9:50 am |
  25. Sarah

    Great job, Biden!!! Thank you for giving real answers to Americans- not just avoiding the questions like John McCain.

    September 16, 2008 09:50 am at 9:50 am |
1 2 3 4 5 6 7 8 9 10