Thursday, September 18, 2008

Jeekers!

It’s hard to maintain your perspective when you’re in the midst of crisis. And we certainly have one right now. What will the Wall Street opening bell bring us? More misery? I can’t help but remember the nation’s financial status in the last years of the Clinton administration. What were we going to do with all of that surplus money? (Surplus=Adjective. English. Synonyms: Extra, Additional, Excess, and Spare. Archaic term, never used in the 21st century)


Speaking of memories; remember the Voodoo economics of Reagan? And the ‘trickle down’ effect? Give money to the rich and it will trickle down to the poor. Simple? No, it never worked that way when money was plentiful, but it will work with the reverse. The pain felt at the top of the financial heap will quickly be passed on to those a little lower down. Count on it.

1 comment:

  1. Anonymous4:50 AM

    Funny how that trickle-down theory always works only in reverse...

    ReplyDelete