If you want to be exact about it, its not trickle up or trickle down... It's a cycle, we pay money for goods and services, this money filters UP to the rich, the rich do take their cut, but then they have to pay utilities, salaries, pay for things they need to make their products or carry out their services and through that the money trickles back down to the workers. Then they go out and take the money the took and spend it on things they want and need like cars, airplanes, houses, and everything else. It's a cycle, like a big circle, it trickles down and shoots back up, so cutting taxes for anyone will help improve the economy. In return raising taxes on ANYONE will hurt EVERYONE.
bailout schmailout...lower interest rates...ha...and the dow is down ANOTHER 675+. All the gov't said was that they don't trust our economy, the consumers, the markets or even the basic capital fundimentals. Although I'm sure a few of the pols wanted it to happen so they can make progress towards Socialism. And now they want to take over banks including the ones that are doing well. Mutiny, revolution, riots whatever has to happen to get us back on tract with our CONSTITUTION and be the Republic that we are supposed to be with a strong capitalist economy that we have always thrived in. Our econ is resilient as long as the GOV'T stays out of it. Vote out all the Pols that voted for this FAILOUT!
I'm always itching to talk about this type of stuff...so to be able to discuss it on here helps to get it off my chest b/c some people just don't want to talk this stuff at all.
So the headline on Foxnews.com is Paulson is releasing details on a New Bailout Plan. WTF...WTF! No really...WTF! Another one...for what...like the first one was so great. All it did was jock things up even more than it was. All these people with higher degrees are clueless. Let the market do what the market does. Another Failout bill would just add to the lack of confidence that this is showing. These people kill me...WTF...
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