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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!
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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)
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Um, if you ever want to become a plumber (instead of just a plumber's helper) you need to learn Rule #3: Don't bite your nails.
ReplyDelete--Jimmy don't play that
Trickle down economics is where someone with money buys a building, fills it with machinery, and then hires a bunch of folks to make widgets.
ReplyDeleteTrickle up is where a bunch of people mill about in a group until widgets are being produced, and then someone comes around and builds a building around them.
Right.
#4 Don't eat the last bite of your sandwich
ReplyDeleteThe no. 2 idiot said the following. I doubt he even knows what he said. Motherloving moron. Anyone who's ever had a mortgage or even went for one should be outraged. I signed my contract, and I will fulfill that. Keep the gummint out of my deals. Bastidds.
ReplyDeleteBiden -"Number two, with regard to bankruptcy now, Gwen, what we should be doing now -- and Barack Obama and I support it -- we should be allowing bankruptcy courts to be able to re-adjust not just the interest rate you're paying on your mortgage to be able to stay in your home, but be able to adjust the principal that you owe, the principal that you owe."