Why is it that the Democrats and their pals are so quick to dis the “trickle-down economics” view when it is convenient, but switch gears in a moment to claim that if the “big three” auto companies go down, or if the financial institutions go bankrupt, it will affect all of the workers down the line? Sounds like they think the effects will trickle-down? They support “trickle-up economics” when they want to be viewed as anti big corporation and large corporate profits in order to be viewed as helping the “little guy.”
Barack Obama is clearly a fan of the ‘trickle-up” idea regarding economic policy. I am curious how he would explain the problem with the ski slopes in Durango Colorado? Those rich skiers are just not showing up. This is affecting all of those “little guy” employees that work for the ski resort; sounds like it’s trickling down to me. It works the same way when you encourage prosperity. As the rich get richer and start more businesses, those same rich people need to hire more employees to help them in their new businesses and projects. Big businesses only hire the “little guy” during profitable times, not when they are being hit with tax increases, for example. When the rich get richer the poor are better off and when the rich get poorer the poor are in big trouble!