Middle Class Joe: It’s a Depression
Joe Biden is not finished. Get this. “Middle Class” Joe Biden just said that the state of the economy is a depression for millions and millions of Americans. This is Obama’s vice president, Joe “Middle Class” Biden is out there telling people that this is a depression.
Do you think Obama likes hearing that? Do you think the Democrats like that the vice president is running around — and here’s what he did. And he’s plagiarizing Reagan. You’ll recognize this. I’m not sure where he was. Here’s what he said. He’s in Dubuque, Iowa. He said, “The unemployed are in real trouble. My grandpa used to say, from Scranton, he’d say, ‘Joe, when the guy in Dunmore — the next town over — when the guy in Dunmore is out of work, it’s an economic slowdown. When your brother-in-law is out of work, it’s a recession. When you’re out of work, it’s a depression.’ It’s a depression for millions and millions of Americans.”
Now, he left out Reagan’s punch line. The Reagan joke goes, the recession is when your neighbor loses a job, depression is when you lose yours, and recovery is when Jimmy Carter loses his. That’s what Reagan’s joke was. Of course, Biden, “Middle Class” Joe, left out the punch line, recovery is when Obama loses his job. But the vice president is running around telling that for millions of his Americans, it’s a depression. Not a recession. What happened to the Summer of Recovery?