Fortune Cookie Blog (Trickle Down’s Trick)

 

Trickle down economics is the premise where a government molly-
coddles the wealthy leisure class with lavish tax breaks; so, in turn,
they’ll create non-living wage, zero benefits jobs for working stiffs.
Ironic how this theory is so riddled with holes, it cannot hold water!

 

 

 

 

 

 

A Tale of Two Economies: Robust vs. Going Bust

 

The Best of Times? Trump oft crows excessively about the American economy… as if he, alone, made it a glowing success.

• To keep it all real, we need to acknowledge that, in the wake of George W. Bush’s Crash of 2008, it had been President Barack Obama’s adept, no nonsense leadership and problem solving skills that’d actually returned America to solvency.

The Worst of Times? Donny also incessantly implies that the economy is so fragile that it cannot even support an influx of asylum seekers ISO employment in the United States.

• To keep it all real, we need to acknowledge that the positions immigrants fill oft involve occupations that many Americans deem unappealing.

Hmm… one would think that were Donny’s glowing scenario true, he’d be able to supply enough jobs for everybody, right? So much so, that… other than to indulge his deplorable bigotry… there’d be no need for him to whine about immigrants.

So which economic picture is it? Robust? Going Bust?

True, in Trump’s past life as a so-called businessman, it’d been his avariciousness and recklessness, which had rendered him oblivious to his own oncoming, business failures / bankruptcies. Even so, in the here and now, even he has got to know that he presides over an unsustainable, smoke and mirrors economy that cannot, indefinitely, withstand this triple whammy…

[1] HIS ill-conceived, ill-timed trade war with China
[2] HIS reckless deregulation of the financial world
[3] HIS massive tax breaks for the wealthy which re-
boot the twice failed, trickle down Reaganomics

Sooner or later… long sigh… Trump will crash the American / global economies… at which time, that snake oil salesman will tuck tail, cut and run, and promptly dump HIS whole mucked up mess onto the Oval Office desk of his successor… probably a Democrat… who will possess genuine, adept, no-nonsense leadership that’ll successfully morph Donny’s Worst of Times into America’s Best of Times… AGAIN!