Joe Biden and Liz Truss: two cheeks of the same a*se

Joe Biden and Liz Truss
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Joe Biden has dragged Liz Truss on social media over her economic policies. Of course, what the situation actually shows is that both leaders are little more than corporate capitalists. The only difference is that Biden is slightly better at hiding it than Truss.

Truss trickles

Truss’s approach to economic policy is looking very “trickle-down”. As Larry Elliot wrote for the Guardian:

The theory of trickle down economics is simple. Governments should cut taxes for the better off and for corporations because that is the key to securing faster growth. Entrepreneurs are more likely to start and expand businesses, companies are more inclined to invest and banks will tend to increase lending if they are paying less in tax.

Initially, the beneficiaries are the rich, but gradually everyone gains because as the economy gets bigger well-paid jobs are created for working people. Governments should stop focusing on how the economic pie is distributed and focus on growing the pie instead.

In terms of her plans – including lowering taxes and cutting stamp duty, Truss is reported to have said that:

We want people to keep more of the money they earn, because we believe that freedom trumps instruction. We are reforming our economy to get Britain moving forward once again.

The government has furiously denied that this is trickle-down economics. But of course, it’s unlikely that any growth will actually trickle down regardless of what it’s called. What Truss’s approach will likely do is:

Read on...

  • Increase debt.
  • Make the rich richer.
  • Make the poor poorer.
  • Cause an explosive rise in inequality.

Truss doesn’t think this is unfair. But even the corporate capitalist International Monetary Fund (IMF), which is responsible for pushing African and South American countries into debt and austerity, has slammed trickle-down economics. So, enter Biden to pour more scorn on Truss’s plans.

Biden: just as bad

The US president appeared to subtweet Truss, saying:

I am sick and tired of trickle-down economics. It has never worked. We’re building an economy from the bottom up and middle out.

Biden’s plan seems at odds with Truss’s – a problem for the capitalists who drool over the UK and US’s ‘special relationship’. The Guardian reported that he is planning to tax the top 1% earners more to pay for social measures for the poorest people. But much like Truss, Biden’s plan also ultimately benefits the rich. World Socialist Web Site (WSWS) called his plans a:

miserable climb-down from earlier iterations of the Biden administration’s domestic agenda, purged of any significant social measures, restrictions on greenhouse gas emissions or corporate tax hikes…

It is unlikely to fool the masses of working people, who face brutal inflation and a deliberate policy of increasing unemployment to halt a growing wages movement.

So, neither leader is actually doing a lot for the poorest people. Yet Biden has still managed to drag Truss with ease. Firstly, this shows that the new UK PM is as weak and wishy-washy as the last one. But it also shows that on both sides of the Atlantic, neither leader has the best interests of the poorest people at heart.

Featured image via the Telegraph – YouTube and Jimmy Kimmel Live – YouTube

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  • Show Comments
    1. Joe Biden and Liz Truss: two cheeks of the same a*se
      I find it very funny and concerning why did? Ms Truss go to U.S.
      was it to hide away from U.K. energy bills problems Plus H-cost
      of living Tory party aided in creating in the first place.
      SHE should be looking after U.K.-Wales-Scotland -N-Ireland problems
      This Tory Gov have made in all areas of U.K. now by bad policy under
      David Cameron
      Ms May
      Lying Boris
      And now Ms Truss
      I cannot for the life in me understand why Tory party voters plus Tory rich
      funder pick useless Tory party Govt leader time & time again??
      What do they all have in common apart for being bad leader plus P.M. of U.K.
      Failing of Tory party leaders (that were P.M.)
      F-1–David Cameron did a runner on the Tory party plus us voter.
      F-2-Ms May went to bed with D.U.P. and trashed N-Ireland Agreement.
      F-3-Lying Boris well just betrayed parliament plus our country full stop.
      F-4-Ms Truss is not delivering the Brexit promises to look after U.K. people first
      So, to all Tory voter of Tory party what IDIOT is left in your party that voters will trust fully now to run next G.E as your new leader that Brexit voter will vote for, and NONE Tory voter will plus the Young voter betrayed by you all.
      What fun next G.E. will be Tory may lose power to pass their C**p onto Labour
      To sort out what they have done to our country and a big hole of unpaid borrowing
      For them to sort out or a new Govt party that may be put together by then??

    2. Two Cheeks of the same Arse in Thatcher/Reagan’s flavour of Globalist Neoliberal One Party State is BlueKeef and the ~190 Neo-Labour Party TORIES.
      The same bastards who robbed The PEOPLE of a UK Labour Party Government GE2017/GE2919, by Sabotage, Smear, Lies, Bullying and general nastiness, leaving us, like the USA, with NO CHOICE and NO HOPE!
      It make absolutely no difference if you vote Conservative TORY or NEO-Labour TORY, The PEOPLE, get the same raw deal! That’s the other side of ‘Bidens’ Arse!
      But this Thatcher/Reagan Globalist Neoliberal One Party State Beast has plenty of Arse to go around.
      Since BLiar gnawed his way into Parliament via the Sewers of Westminster and created New-Labour Party TORIES shifting “the Left” way past Thatcher’s spot on the spectrum based on the Clinton, doing the same in the USA and now blatantly obviously done throughout the ‘West’ USA, CA, UK, EU, IL, NZ, AU all One Party States/No Opposition States.
      We can stick our heads in the sand and pretend it is not so, and prolong the agony of The PEOPLE. We just need to look at the nasty levels those people will sink to, to prevent a true voice of opposition and Politics FOR The PEOPLE NOT the Elites/Establishment, and it didn’t just happen nationally, but came in droves internationally.
      There is a a ‘lovely’ little self explanatory 27 page citation that perfectly lays out the whole thing.
      Interesting to note that Deborah Mattinson who was involved in the workshops, back then, and infamous for kicking out “The UNDESERVING POOR” replaced by the new FBPE, Middle-Class types, is BlueKeef’s Office’ Director of Strategies “WORKING FOR FREE”!
      Here’s what Tony Benn said after attending one of those Thatcher Reagan flavour of Globalist Neoliberal One Party State Workshops:
      “Labour was associated with the poor, the unemployed, the old, the sick, the disabled, pacifists, immigrants, minorities and the unions, and this was deeply worrying’. Benn was further troubled by what he saw as the proposed remedy of Thatcher style leadership: ‘I came out feeling physically sick; I’m not kidding | felt unwell, because if this is what the Labour Party is about I’ve got nothing whatever in common with it.”

    3. When are the British going to get it through their thick skulls that there is no “Special relationship”, other than Britain is expected to grab it’s ankles when the US says “Bend over”.

      It was wishful thinking on the part the great Ameriphile Winston Churchill. It has never existed and never will. The US is Britain’s economic competitor which is only one step down from open warfare. “America First” was not something new when Trumpashenko parroted it. It has always been US policy ever since 1776 and it will never change. So grab your ankles.

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