Trickle Down Economics isn't simply a conservative theory, it's also a liberal one. The difference is that the liberal version of Trickle Down Economics involves taxing the public to death, and having Congress trickle down some of the money back to the public, in between massive doses of pork and waste. Obama's Stimulus Plan is a perfect example of Liberal Trickle Down Economics.
Obama's Stimulus Plan is a perfect example of Liberal Trickle Down Economics
And what is Obama's deficit spending spree motivated by? By the liberal theory of Trickle Down Economics which claims that rolling out hundreds of billions for every congressman's pork project, including protecting endangered mice, encouraging energy efficiency and giving millions in NEA grants will somehow trickle down to the average American and stimulate the economy.
If conservative Trickle Down Economics was challenged as delusional and an excuse to stuff the pockets of fatcats, liberal Trickle Down Economics is even worse. If giving business a break improves the odds that the economy will get a boost, expanding government projects only takes more money out of the economy to fund the endless spendathon of Washington D.C. politicians.
Corruption just doesn't get any more corrupt, and dereliction of duty doesn't get any more criminal, than a government faced with a recession, indulging its worst appetite for pork and graft, and trying to pass the whole thing off as a way to save the economy. Bernie Madoff has nothing on Barack Obama and Nancy Pelosi. At least Madoff had a working pyramid scheme going, the Obama government is destroying the one working pyramid scheme the government has, Social Security, carrying out a massive generational theft in order to give kickbacks to every scumbag who put Barry Hussein and the Congress of Corruption into office.
It's a bitter irony that the same twenty-somethings who frantically cheered Obama and worked to stick him into office, can kiss any chance of seeing a penny from social security goodbye. By the time the 4 years of Obama are done, we'll be lucky if there's enough left to cover a few Anacin.
It's always a source of wonder to me how anyone in their right mind can seriously argue that the government is better at anything than the free market. Not only is government control synonymous with an embedded bureaucracy and a culture of failure the world over-- but it's even synonymous with that in the United States.
The same government which advocates of Nationalization are counting on to curb the excesses of the Free Market is trillions of dollars in debt. As bad as any of the banks were, the Federal Government is far worse because it is deeper in debt and has far less to trade on. The government's primary source of revenue is taxation. The government itself does not produce revenue, it consumes it. And all that revenue still isn't enough. Obama has already ushered in a 1.2 Trillion dollar budget deficit for this year alone, and that may not be the worst of it yet.
Obama: Committing fraud on a grand scale
Bernie Madoff convinced investors to climb on board with his pyramid scheme. The Federal government convinced China to buy US Treasury Bonds, even while the national debt has hit an all time high. Both parties are busy trading blame, when all politicians who view public tax dollars as being theirs to do with as they please, are to blame. But where Madoff was one man, Congress consists of hundreds of men and women, backed by hundreds of thousands of aides, lobbyists, activists and bureaucrats all pushing for more and more spending.
If a corporation that was already 11 trillion in the hole, and then rolled out more deficit spending, there would be calls for an investigation and shareholder demands that the board be held accountable. But that is exactly what's happening at the Federal level. Pork in the public interest is bad enough. Pork in the public interest when you can't pay the bills compounds fraud with incomprehensible negligence.
Pile more talk of nationalizing banks on top of that, and the picture gets genuinely ugly. While Obama's appointees talk about controlling banks, controlling car manufacturers, controlling other countries and national health care, they can't even control their own spending. The Cabinet of Fraud, whose nominees can't even seem to pay their own taxes, are spending the public's taxes even when they don't exist.
Forget national health care. Forget nationalizing the banks. Maybe the Federal government should demonstrate that it can control its own spending, before it tries to seize control of anything else. It's time for some common sense and some basic economizing. You can't spend money you don't have, and you can't put money back in the economy, by seizing most of it, and trickling down some of what's left to the public. And doing all that while spending yourself into a deficit.
Obama's Trickle Down Economics is bankrupt before it started. With only a few weeks in office, Obama has stuck America into a 1.2 Trillion dollar deficit in this year alone. An achievement the press is hailing as if it was up there with hitting a home run, instead of committing fraud on a grand scale. No Bernie Madoff doesn't have anything on Obama after all.
