He claims 90% of the new jobs won't require college degrees, 75% won't require associate degrees.

The presumption is that these voters brought Trump to power and inexplicably supported him despite his $1.5trln in tax cuts for corporations and the wealthy.

Biden is now betting they can be bought. Most folks can.

"Trickle-down economics has never worked," said Biden, scratching out the policy first drawn-up in crayon on a napkin by Reagan in 1981.

"We're going to reward work, not wealth," said Biden, unsure what that means, but liking the sound of it, unveiling an utterly unprecedented $6 trillion in new federal spending: The American Families Plan, American Jobs Plan, and American Rescue Plan.

The scorched-earth spending plans covered every inch of Joe's paper, to benefit all but the 1%. Had such a sketch been unveiled when Biden first became a senator in 1973, stocks, bonds and the dollar would have simultaneously collapsed.

But after decades of disinflationary policies that favor capital over labor, inflation-expectations are so muted and investors are so convinced the Fed can maintain calm, that markets barely budged.

This illusion will remain vivid until the day it dissolves. In a flash.