The Patriot Post® · Biden's 'Basic Bargain'

“This is not your father’s Republican Party,” said Joe Biden. “Folks, we’re losing something profound when we break the basic bargain that built his country … that made us the greatest economic powerhouse in the history of the world,” he added, pointing to the recent story of the troubles of the middle class. The problem, he says, is Republicans. “This massive shift is being largely driven by this incredibly narrow mindset that presumes that wealthy investors are the sole drivers of the economy. … That’s what today’s Republican Party is all about.” One need not be wealthy to invest. In fact, though investment is down since the Great Recession, still more than half of Americans own stock, including about 50% of the middle class. And what built this country was hard work and self-reliance – the very antithesis of the wealth distribution schemes of Biden and his boss.