This a Referendum Vote on “Trickle Down Economics”

[FreakinDJ]

Not to take away from Obama’s triumph and courage.

Now more then ever the Dems need to keep in mind this election vote, the first African-American in the Oval Office, the newly won seats in the House and Senate are the result of “Joe Working Class Stiff’s” disapproval of “Trickle Down Economics”

If they do not want a repeat of 1994

They need to address ridiculously lop sided Trade Policies that make it profitable for American companies to close down North American operations and move manufacturing facilities to China.

Corporate Tax structures must address the need for investment / modernization of existing American manufacturing facilities, AND must divert this Wall St. is every thing approach that has led us down a “Black Hole”

[RJ Connors]

1. Yeah, I think we should Trickle Down on Economics n/t

[Romulox]

2. Larry Summers is like a Priest of trickle down economics.

The Pelosi/Reid/Franks Bailout of Wall Street was a tour de force of trickle down economics.

"This a Referendum Vote on 'Trickle Down Economics'"

The votes are in. And we lost.

[FreakinDJ]

4. If Obama does not turn it around in the next 4 yrs

I doubt he will be re-elected and it would destroy the Dem party for the next 30 yrs

[ananda]

3. Flood up, you mean.

Looks like most of the money flooded up
to the criminal elites, corporations,
and institutions.

[FreakinDJ]

5. Think "Labor Valued Economics"

Just as Henery Ford proved - "if you give the working class a livable wage they will buy your products"

[HereSince1628]

6. Trickle down turned out to be trickle out.

Economic theories that gain popular understanding tend to be simple. The model trickle down is based on relates demand and production and suggests that the way to make more money is to have more production. Production is increased by investment in the means of production including the creation of jobs.
So in this model, the only thing rich people can do with their money are things that benefit the non-rich by giving them jobs.

This model is believed with biblical-like adherence by free-marketeers. The problem is that the jobs that are being created are no longer within the nation in which the capital accumulated. Because of assymetries in production costs capital flows out of the country and creates jobs over-seas, and recent changes in international trade policy greatly favor the creation of jobs in places other than the US. Unfortunately, the increasing wealth of foreign workers has not resulted in increasing demand for products produced by American workers.

The trickling is very real. Where the trickle leads is not where American workers need it. It is trickling out.

[screembloodymurder]

9. What the free-marketeers forget is that overproduction lowers profits.

As you produce more, the profit for each unit of additional production drops, and the incentive to produce more also drops; until you reach a point where each additional unit of production is losing money. Why would anyone produce more to make less?

Free marketeers like to think that demand is inexhaustible, but that's only true until the money runs out.

[HereSince1628]

10. The need to produce things there aren't too many of is what pushes innovation

The idea is basically when there is no need to produce more buggy whips you find something else to produce.

If you are a dumb investor you keep putting money into production that yields less and less return.

[screembloodymurder]

11. Yes, like an electric car and ...

how about a solar concentrator that sits on your garage directing energy to a receiver on the cars roof. No need to plug in, just pull in and recharge.

[HereSince1628]

14. Those are called mirrors, yes?

[screembloodymurder]

7. Concentration of wealth is bad for the economy.

Our economy is like a wheel. A wheel spins faster if its mass is redistributed toward its center (middle class). But nature (centrifugal force) attempts to do just he opposite (trickle down physics doesn't work either), therefore an effort must be made to redistribute the mass (economic stimulus) or absent some external power source, the wheel (economy) will stop turning. What Bush is doing is taking money from the middle and putting it on the rim. Our economy will come to a complete stop if he is allowed to continue with his failed policies.

[underpants]

8. Yes, you notice that "economic stimulus" is always directed towards the bottom and middle

there is no debate about that when passing it
nothing from the rightwing media either

They have to let that pass otherwise their bulls*&t would be exposed

[Romulox]

12. Umm, $700 billion to Wall Street was not "directed towards the bottom and middle"...

:hi:

[underpants]

13. Umm, that wasn't an economic stimulus package.

:hi:

[Romulox]

15. I guess it depends on what your definition of "is" is...

The bailout was certainly sold to the American people as something that would (eventually) trickle down to them...