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View Full Version : Obama Is Practicing Trickle-Down Economics



Chris
10-03-2014, 08:59 AM
Liberals for decades have criticized trickle-down economic policies, but now that Obama is practicing it....

George Will: Obama Is Practicing Trickle-Down Economics (http://www.realclearpolitics.com/video/2014/10/03/george_will_obama_is_practicing_trickle-down_economics.html)


GEORGE WILL: The president went to the state of Illinois to brag about the economy. Illinois has 300,000 fewer jobs than it had in 2008. For the last four years in the state of Illinois, the number of new food stamp recipients has increased twice as fast as the number of new job recipients. He was speaking in Illinois on a college campus. He did not mention that 40 percent of recent college graduates are either unemployed or underemployed -- that is, in jobs that don't require college degrees -- and one in three recent college graduates is living at home with their parents.

Now, the president, we just heard, disparage trickle-down economics while bragging about doubling the stock market value. He is practicing trickle-down economics by doubling the stock market. He, and, for six years now, and most recently under his choice to be head of the Fed, Janet Yellen, have had zero interest rates, the intended effect of which is to drive people out of bonds and into assets like farm land, but particularly into stocks. That is why this has been a boon to the 10 percent of Americans who own 80 percent of all the directly owned stocks. And this is why 95 percent of the wealth created in the last six years have gone to the dreaded top one percent.

Cigar
10-03-2014, 09:13 AM
Looks like The Right Wing is freaking out over the same Jobs numbers as W :laugh:

Chris
10-03-2014, 09:17 AM
Looks like The Right Wing is freaking out over the same Jobs numbers as W :laugh:

IOW, Obama is a Bush-clone. Good to see you waking up!

Cigar
10-03-2014, 09:30 AM
IOW, Obama is a Bush-clone. Good to see you waking up!


It's been 6 years of Eat Crow ... Obviously you like it.

http://i142.photobucket.com/albums/r88/Pam_Calif/GOP-served-1_zps907e285e.jpg (http://www.dailykos.com/story/2013/11/21/1257334/-McConnell-For-going-nuclear-before-he-was-against-nbsp-it)

Mac-7
10-03-2014, 10:07 AM
Looks like The Right Wing is freaking out over the same Jobs numbers as W :laugh:

There is more unemployment under Obama because he has driven so many people out of the job market.

and those who remain are making less.

Chris
10-03-2014, 10:14 AM
It's been 6 years of Eat Crow ... Obviously you like it.

http://i142.photobucket.com/albums/r88/Pam_Calif/GOP-served-1_zps907e285e.jpg (http://www.dailykos.com/story/2013/11/21/1257334/-McConnell-For-going-nuclear-before-he-was-against-nbsp-it)



http://i.snag.gy/gYzea.jpg

Given that I criticize Keynesian trickle down economic policy regardless of party, you missed your mark.