Posted by
NAlcoba on Tuesday, November 18, 2008 1:56:10 PM
Throughout the Obama campaign, we kept hearing how the economy needs to be grown "from the bottom up". As with most of his bumper sticker talking points, it's something that sounds good, but in reality is illogical. What do you expect from a ticket comprised of two lawyers with zero business sense between them?
Reagan's 'trickle down economics' is, to the left, political blasphemy. History proved trickle down economics worked, and works--but the left will say the opposite ("Trickle down economics didn't work under Reagan did it?"). They then bring up the deficit of the 80's as proof (without mentioning it was the out of control spending by Tip O'Neill's democrat led house!). With this kind of economically illiterate mindset, of course they fully embrace Obama's 'trickle up economic theory'...well, that and their religious devotion to him, making anything he says canon law.
In an obliquely related story, Zogby polled Obama voters to discover that a big majority of them weren't sufficiently informed about their candidate--and were quick to believe falsehoods about Palin. No one should be surprised by this display of intellectual swiss cheese on the part of Obama's mindless faithful.
Of course they'd believe an economically stupid theory. As much as they believe the lie about Palin saying she could see Russia from her house (which was never uttered by Palin, but by her less attractive impostor Tina Fey), they believe that charisma and electrifying oratory are all the financial expertise one needs to helm the world's LARGEST economy.
Maybe we should put trickle up economics to the test. Go to a homeless guy and ask him for a job...or at least ask him if he can spare a dollar. It would be science's shortest experiment.