Ronald Wilson Reagan is generally credited with coming up with the phrase "Trickle Down Economics" but it was actually coined by humorist Will Rodgers decades before. The Nobel Prize winning economist Milton Friedman is also well known for being a proponent of this style of economics, which is based in deregulation and advancing the interest of companies verses the people. The theory goes like this; If the richest among us do better, then some of that wealth will "trickle down" to all of us through job creation and advancement. In theory, I would agree with that. After all, jobs are not created by the poor, they are created by the entrepreneurs, the risk takers among us, who invest their fortunes and thereby create products and jobs for all of us. The problem is that I view CEO's much like Dictators. Without regulation, they will all gravitate toward whatever benefits themselves the most with little regard for the future, the environment, or anything else. Trickle Down theory has been put to the test lately as the American taxpayer has shelled out billions to companies, make that over a trillion, in bailouts, bridge loans, help, investment, whatever you want to call it. The problem is, these companies are not "trickling" the money down. What they are doing instead is using the money as an insulator against the tough times ahead rather than loaning the money out or investing in new ideas or products. You can hardly blame them. Loaning money out to people who, in great likelihood, will out of a job next year is a hard sell when you can sit on the money and weather the storm. But isn't that why we gave them the money in the first place?
Friday, December 26, 2008
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IS IT TIME FOR "TRICKLE-UP" ECONOMICS? |
Tuesday, December 23, 2008
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HIPPIE CLAUSE |
Ho, Ho, Ho. Hello everyone, it's me, Hippie Clause. The '60s version of the jolly old man from up north. I'm not quite as well known as the Kris Kringle version, mainly because I don't hang out in malls, don't have a league of elf helpers and don't have a great story wove through the ages. But I am working on it. I don't bring toys for all the kids, I bring advice to all our politicians and people. Not quite as glamerous to be sure, but someone has to do it. So, let me reach into my big tie-dyed bag and see what I've got for everyone this year.
Tuesday, December 16, 2008
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PAGE D-12 |
Here are some stories that I've unearthed that I feel deserve a lot more attention than they were given. Most were buried deep in the bowels of my many newspapers and are ignored by nearly everyone. Since I love when my friend Andre over at The Unmitigated Word does news snippets, I've decided to give it a short try myself with my own spin on it. I'm sure some of them will leave you wondering, as I was, how the mainstream media managed to bury them.
Tuesday, December 9, 2008
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A LOOK AT ALTERNATIVE FUELS; IS NATURAL GAS THE ANSWER? |
Despite the fact that gas prices worldwide have plummeted, our situation here in the U.S. has not changed. We are still way too dependent on foreign oil, we still will be out of domestic oil in 10 to 12 years, and petroleum is still polluting our planet whether you believe the Global Warming alarmists or not. The majority of the dollars we are sending overseas are still going into the hands of governments that have our destruction as a goal and or trade deficit is still way too high. For all these reasons, I beg all of you not to fall back into complacency and assume the danger is past. It has simply retreated only to return later, far more dire. In this piece I will be looking at the viability of using Natural gas as an alternative. My hope is to go through all our alternatives and help you best decide which will be the most viable option, or if a variety of options used simultaneously is best.
Monday, December 1, 2008
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CHANGELINGS |
Change, change, change. That was the mantra of the Obama campaign. It also was the buzzword of the Obama-maniacs. That group of faithful followers who cried at all his speeches, took all his words to heart and looked at him as the Messiah who would lead this country to Utopia. Now, nearly a month after the historic elections, change has come to the Obama camp, but it's not the change they thought. That change was from flighty idealist to realist.
Monday, November 24, 2008
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AND SO IT BEGINS |
Of all the problems that plague our government, none infuriates me more than the "Pardon Season". Although Presidents typically pardon people throughout their terms, controversial pardons are usually avoided until this time of year. This is the part of the election cycle that America suffers a "lame duck" President. That is, a President who is nearly powerless, but has nothing to fear from voters. He doesn't fear the voters because he's already been voted out or termed out and his Party has two years before another election. Let's face it, no one can ever remember who any President ever pardoned anyway, much less two years later. The Pardon Season starts sometime just after the Presidential election cycle and can last right up to the very last day of the departing President's reign. Each departing President tries his best to do this outrageous act in a way that draws as little attention as possible. Maybe during a hot news day, or after a major sporting event.
Tuesday, November 11, 2008
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TWO DAVIDS VS. TWO GOLIATHS |
The banners have all come down, the streets are all swept free of the confetti, and the last party has been thrown. Now comes the time to analyze the election, the blame and the credit. To be sure, a lot of the credit for the big win on the Democrat side has to go to Barack Obama and a lot of the blame for the loss has to go to John McCain. That's just the way it is, the buck stops at the top. The McCain campaign leaders (not to be confused with the RNC) have thrown Alaskan Governor Sarah Palin to the wolves. This is to be expected, they certainly don't want to take the blame themselves, after all, they're all hoping to work on another campaign in the future and that's not likely to happen if they blame themselves. Governor Palin is doing the right thing. She's defending herself while pointing out that these attacks aren't coming from McCain or the RNC. Her future, from my point of view, has to be bright, I can't picture the RNC throwing away anyone with that much star power and name recognition. On the Democrat side, everyone wants in on the credit, as can be expected. But who was really the brains behind the impossible? From everything I've seen and read, it was two relatively unknowns that brought down the the twin Goliaths of McCain and Clinton; David Plouffe and David Axlerod.

