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View Full Version : Dems hope for trickle-down Obamanomics



Chris
08-29-2013, 08:29 AM
A world turned upsidedown...

Dems hope for trickle-down Obamanomics (http://washingtonexaminer.com/market-soars-employment-wages-stagnant-dems-hope-for-trickle-down-obamanomics/article/2534818)


“Trickle down from the stock market and artificially low interest rates are the only drivers of the economy,” writes Ed Rogers at the Washington Post.

Rogers continues:

Obviously, an economic crash would be terrible, but so would a slowing down of the conveyor belt of money between Washington and Wall Street, which is fueling what little growth we have.

This puts Democrats in an odd position; right now the only thing worse than trickle-down economics is no trickle-down economics.

Democrats, of course, are supposed to hate “trickle-down economics.” President Obama says things like: “I ran for President to restore that basic bargain … that our economy works best not from the top-down, but from the middle-out.” The Democrats’ budget proclaims “The Senate Budget takes the position that trickle-down economics has failed as an economic policy. …”

So why, under Obama, do we get — at best — trickle-down economics? Why are corporate profits at record highs while median wages, unemployment, and new business formation stagnate?

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