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Obama's Economic Spin: A New Pony or Manure?

Raymond, (Ret) Wrote: Oct 19, 2012 11:02 AM
I have made this point before but now that team Obama has jumped on his silly 'the economy grows from the middle class out' nonsense it bears repeating. If they really believed that then why did they not give any of the 'stimulus' money to the middle class? Instead they gave it to corporations at the top with the expectation that its benefits would flow down to others by growing the economy. This is precisely the same economic dynamic they otherwise ridicule as 'trickle down' economics.
Raymond, (Ret) Wrote: Oct 19, 2012 11:02 AM
The only real difference is that Obama gave taxpayer money to businesses that supported his election and who were involved in creating 'green' products that Obama wanted but for which the technology and demand were not yet able to support their cost while the Republicans sought to leave such money in the hands of those who had earned it and thereby proven their investing wisdom. We can argue over which would trickle down more effectively but they cannot dismiss one and not the other for a reason that the both share.

It was arguably Ronald Reagan's favorite joke. In one version, two kids -- one an optimist, the other a pessimist -- rush downstairs on Christmas morning. The pessimistic kid gets a new bike and weeps that he'll probably break it soon. The optimistic kid is presented with an enormous pile of manure and squeals with delight: "There's got to be a pony in here somewhere!"

In fact, the joke took on a life of its own in the Reagan White House. Whenever bad news came in, someone would remark, "There's got to be a pony in there...

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