The Evolution of Bidenomics

Biden's economic team has been staffed by a different group of economists than other recent democratic administrations. Adam Sobel: The internal sociology of the group has definitely shifted. He says with Summers' absence, the heavy shadow of elite academic ultra-technical economic discourse is removed from the scene. Sobel: On the stump, it's all about trickle-down economics, which is a phrase invented by the Democrats in the 80s to beat Reagan with and one that ironically, Obama himself attempted to use against the Republicans.