Quote:
Originally Posted by djtestudo
You know, my knowledge of real economic issues and theories is nothing compared to many around here, let alone in the world at-large. However, isn't assuming that the wealthy will invest their money in the economy the definition of trickle-down economics, which so many seem to disagree with?
Obviously I could be misunderstanding this, so if I am, please be kind  |
Trickle down economics doesnt create jobs...it never has.
It only lines the pockets of the top taxpayers and adds to the national debt.
The latest unemployment figures after eight years of Bush trickles- 6.5 percent and expected to grow to about 8%...the highest since Reagan, the last time trickle down was the policy.
-----Added 8/11/2008 at 09 : 14 : 00-----
Quote:
Originally Posted by edwhit
HEHE
So much for consumer confidence on day one?
|
I dont think we will see the consumer confidence rise much until Obama takes office. He is in the difficult position of not being too critical of the Bush policy.
We did see the general outline of his economic plan in his press conference.....to create jobs...and you dont accomplish that, at least in the short term, through tax policy.