Posts Tagged ‘bottom-up’

Democrats Rush To Embrace Trickle Down Theory

September 27, 2008

You have probably heard the concept of “trickle down economics” get ridiculed by Democrats.  They’re not ridiculing it now; in fact, they are embracing it.

Why are we “bailing out” so many financial entities dealing in bad mortgage debts?

Because – as is widely recognized – if we don’t, capital will stall as investors play it safe and protect their money.  Loans will dry up, interests will go up, and people will start losing jobs.

In other words, if we don’t help the big money players, the effect will soon “trickle down” to the average Joe.

Why aren’t Democrats talking about “bottom up” economics – in which we give the $700 billion bailout dollars to the American people instead of the finance markets?  Do you notice that no one in a position of actual responsibility is talking about that?

It appears that the wisdom of Republican trickle down economics has been officially confirmed – by Democrats.