Politicians necessarily include economic theory into their political presentations. These are usually amazing ventures into nothingness.
President Bush's economic policies have been as bad as Hoover's, except that Hoover didn't give us a war.
Conservatives seem to favor a “trickle down” theory, money descending from the richest above sifting down to the poorest below. It seems that a lot gets stuck before it gets all the way down.
Is it fair to ask where did the rich get the money in the first place? Or how do they replenish it after all the trickling down?
Today we've learned through the administration's economic stimulus package, whatever that means, that the poor must spurt the money up before it trickles down. But they can't play, they've already lost all their chips.
If you don't understand this theory, you're pretty dumb and that includes me.
The poor who usually don't have much money are the important factor in this theory. It can't trickle down until it's sponged up. When there's not much to sponge, Bush who believes in leaving the market alone, decides to give the poor some chips to continue to play in order to keep them in the game, a way to prime the pump and keep the market going. Now I know why the poor shall always be with us. To prime the pump.
Where did I hear of “pump priming” economics before? Isn't this what the liberals believe in? Never-the-less, those “capitalists” market analysts we hear explaining our stock market every day are pleased and waiting for the effect that conservative pump priming will have on the economy. Bush believes it's going to work. He's now become one of dem liberal pump primers.
The oil companies seem to have remained pretty good sponges, they're doing their part in this segment of the theory. They're good at sucking up resources from below and anywhere else. But they aren't doing very well in trickling it down. They seem to be keeping the money up there and sharing it with some of the other rich who own the oil in other countries.
Come on now, let's have some trickling.. When I spend my $600, and I think I'll use it for property taxes or income tax, then it will trickle down again. But I want to see more trickling down by the oil companies. I'm afraid that trickle is going to be that black sticky oily stuff, all over me.
