Doomed

The New Plumbers

The trickle going up my leg?

How disappointing. I never once thought of juxtaposing "trickle-down" economics with "trickle-up," but what a wonderful metaphor.  But, horry clap!  The left have adopted that chimera as a new economic cornerstone! “ Whenever I hear anyone use the expression, "trickle-down economics," I want to reply — though I rarely get the chance to, as it is mainly on TV or in the papers that one hears or reads the people who are using it — "As opposed to what? Trickle-up economics?" I had thought up until recently that this would be, if I had ever got to use it in conversation, a pretty devastating rejoinder, since — pardon me for pointing out what I had also thought to be pretty obvious — things that trickle only ever trickle in the downwards direction. You may not like it, but they do. It’s a well-known fact. To trickle up they would have to defy the laws of gravity. As an old joke puts it, you only need to know two things to be a plumber. They are (1) s*** runs downhill, and (2) payday’s on Friday. But ... Headlines in both the Washington Post and The New York Times refer to the big Wall Street bailout by the federal government in terms of "trickling up" while on the progressive website Alternet Joshua Holland writes on "Trickle-Up: What a Progressive Bailout Would Look Like." Imagine for a moment that we lived in a country with good, progressive governance. We wouldn’t find ourselves in our current pickle, but if we did, what might a real bailout plan based on just a little bit of economic justice look like? In short, it would be based on trickle-up economics. We’d bail out homeowners whose mortgages are on the bubble, and by doing so, the cash we were injecting into the economy would trickle up to ailing financial institutions. (James Bowman - continued) ”