The mystery of a trickle down economy is that, in addition to being a ruse, it turns into a poop party on those on the receiving end.
Amazing how this well known fact is ignored by so many, embraced by a few, and made to look like a desirable denouement to an economy gone sour.
Despite this being a well known fact, people are nevertheless allured by a trickster's spewing sweet words of no taxes- more money in people's pockets-and the promise of a booming trickle-down-economy.
Perhaps this explains the recent snippet of Barack Obama on a local television station pushing his jobs creations bill to Latinos at a Congressional Hispanic caucus award dinner. Obama's bill is the bearer of a trickle down economy. Make no mistake about it.
In this one of his many pushes for the bill, which Obama calls the job bill, or jobs creation bill, Obama highlights how payroll tax-breaks work through an expansion of Latino businesses that would reinvest the savings of payroll taxes back into their businesses, down to a rousing outcome for the economy, and the individual Latinos who would gain employment as a result of the bill and Obama's theoretical expansion of their small businesses and, who, consequently, would benefit the economy at large since the Latino community would now have money to go out to spend on needed commodities, housing, food, clothing--not to mention a luxury or two.
IS THERE ANY DÉJÀ VU HERE FOR ANYONE?
(Obama's forecast rings of the Bush, "go out and spend" call right after 9/11.)
You see, Obama is not really talking about jobs creation.
He is talking about trickle down economy. He is talking about giving payroll tax breaks to businesses that, in turn, he hopes, would create jobs, jobs, jobs.
Of course, the idea of leaving any kind of significant jobs creation to the private sector leaves a sour taste in my mouth.
I mean, what happened to all the private sector jobs that this country had once upon a time?
It wouldn't be that big businesses, corporations and the like got a bit greedy and government got a bit corrupt?
It wouldn't be that government and businesses latched on to each other, or that government provided loop-holes and deregulations giving businesses the opportunity to move their businesses off-shore to avoid paying taxes and, to hire workers for pennies a day?
That couldn't be it, but, then, didn't that also help the owners of all of these big businesses and corporations amass a great deal of the wealth from which, they, now as before, refuse to place a few dollars, pennies to them if you really think about it, into the collection basket of the country's taxes for the benefit and good of all?