Trickling Up

I had originally intended to write this Blog last Wednesday, when the topic was fresh. I didn’t because I was suffering from one of my gastrointestinal aliments. I was in pain! I don’t use pain killers or analgesics of any kind. Therefore the thinking and reasoning part of my brain doesn’t function as well as it should. In other words - I cut back on my alcohol intake.

Last Tuesday night’s guest on the Daily Show (on Comedy Central) was Gwen Ifill touting her new book “The Breakthrough: Politics and Race in the Age of Obama”. Near the end of the interview, Jon Stewart (the Daily Show host and inquisitor) turned the subject to economic policies.

Speaking about the billions (or a trillion)of dollars for the bailout, Stewart said “Give us (meaning individuals rather than the banking industry) the money, but only for consumer debt and mortgages.”

Stewart called it his “Trickle up” theory of Economics. The people get the bailout money and give it to the financial institutions.

I had written several Blogs last summer and fall advocating that the Government give the bailout money to the people rather than to the Corporations that had raped us and put us in the economic crisis that we are currently facing.

Last week I was looking at the Economic Stimulus Bill that passed the House. I don’t see many of sections (of the bill) that will help stimulate our Economy. If you have a few spare hours to waste you can view H.R. 1 here.

Jon Stewart didn’t go into depth on his “Trickle up” proposal.

I have my own proposal for trickling up the Economy. I’ll Blog about that later.

The Beach Bum