I think we kind of need to balance out the post from this morning with a quote from Will Rogers
Money was appropriated in the hope that it would trickle down to the needy. Herbert Hoover was an engineer. He knew water trickled down. Put it uphill and let it go and it will find the driest little spot. So money was appropriated for the top in the hope that it would trickle down to the needy.
But he didn’t know that money trickled up! Give it to the people at the bottom and the people at the top will have it before night, anyhow. But it will at least have passed through the poor fellow’s hands. — November 27, 1932 – Will Rogers
I’ll bet you guys who claim you know at least a little about history thought that David Stockman from the Reagan administration invented the term “trickle down”? But as you can see it was President Hoover that coined that dog just
before FDR tanned his hide. I don’t think President Reagan ever gave Hoover credit for “trickle down” but then again he probably didn’t want you to know about that, even if he knew the source (which I kind of doubt he did). Of course “trickle down” didn’t work any better for Mr. Reagan than it did for Hoover but I any guy with even a little bit of common sense could have told him it was a dud upon arrival. Give a rich guy money and he just puts it in his Swiss bank account along with all the other money he hides from taxes.
Its been eighty-five years since the first application of “trickle down” was officially tried and now thirty years since the second but those folks in the GOP just can’t seem to let it go. It doesn’t matter that it didn’t work the first two times they are still all yelling that if you give big tax breaks to the rich the money will trickle down to the poor. The new twist this time is that they now call all the rich guys the “job creators”. They don’t call it “trickle down” anymore but even a simple fellow like me can see it is the same thing. These guys have an elephant as their mascot and of course we know that an elephant never forgets but don’t try to explain that to them; I don’t think they would get it. They need a new mascot plain and simple; one who doesn’t seem to remember past the day before yesterday would suit them just fine if you ask me. I need to study the animal kingdom more so I can recommend one to them.
But I’m just a simple guy so what do I know…..