MARTIN SCHRAM: The trick of trickle-down

[scarletwoman]

http://24hour.startribune.com/24hour/opinions/story/986141p-6925898c.html

Once again, an American president is assuring you that his trickle-down economics is good for you.

Once again, you are discovering that you have been trickled on. And you are surely discovering that the tax cuts that are supposed to help you because they benefit the richest of the rich (who, the theory goes, will invest their riches in ways that create jobs and wage hikes for you) aren't trickling down to help you, after all.

You have discovered that for the third straight year, Americans have lost jobs. Not a few jobs, but 2.7 million jobs! There has been nothing as catastrophic as that since the Great Depression, when President Herbert Hoover assured us that prosperity was "just around the corner."

Then, on Labor Day, you heard from President Bush, who, you may be thinking, has not had much of anything to say about job problems. Until Labor Day, when his strategists no doubt figured it would be unseemly not to say something about the labor thing on Labor Day. So he did.

This is an excellent piece -- and I especially like the end:

So it is that, unless you are rich and prospering, you are probably just coming to the conclusion that, no matter how you voted three years ago, there is only one wise course to follow here at home 14 months from now: Regime change.

sw