Did the failure of the bank bailouts to create jobs disprove trickle-down economics?
Money was given to the already rich. The now doubly rich didn't trickle it down on the rest of us. Thus, pool-boys are still looking for work. JAF : What coaster is that? NoBama : TARP was Bush's idea. Fibber McCain suspended his campaign to get it passed.
Asked By: Earth Needs Oil - 10/1/2009
Best Answer - Chosen by Asker
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Answered By: correrafan - 10/1/2009
Additional Answers (17)
In my opinion Yes!
Answered By: Little Bear - 10/1/2009
Well, I'm sure there were thousands of jobs saved...that would be considered trickle down. However, figuring that the money was to plug the holes and not encourage growth, there is no comparison here. Realistically, look to the CBO for analysis that states trickle down doesn't work as intended.
Answered By: Obamanable Faux Man - 10/1/2009
there really needs more time to figure it out. but, a lot of people got rich selling "short" on the market.
Answered By: CaptainFreon - 10/1/2009
Yes.Take a look at the Rockafellers,the Fords,the Darwins.They have so much in the federal reserve that if the economy were to collapse they would be the only rich people in America.I don't know it it's true but I heard Darwin and people from these families took part in incest and inbreeding to make sure the money... More
Answered By: Jochan A Forest - 10/1/2009
actually money was given to companies that were going/gone bankrupt and now some are still struggling to stay afloat and others are back on there feet... More
Answered By: Mike - 10/1/2009
All the bank bailouts did was delay the inevitable. Bubbles have to burst and the bailouts just propped them artificially for a little while longer.
Answered By: Captain Awesome - 10/1/2009
The money was never meant for Americans. It was meant to go to China so they would continue to buy our debt. Obama lied to you and you fell for it... More
Answered By: RESISTING SOCIALISM - 10/1/2009
In feels more like tinkling down on us than trickling.
Answered By: JR - 10/1/2009
No, but the "spread the wealth" bullschit has. Welcome to flood up poverty, courtesy of Obamaster.
Answered By: Outlawcajun - 10/1/2009
government sanctioned corporate welfare which cons love for uncertain reasons, I guess because faux tells them to
Answered By: Putin's #1 Fan - 10/1/2009
That is about right. It doesn't help that Obama has increases taxes which causes people to cut back on production or move it over seas. This Administration has been counter productive since day one to small businesses. I honestly don't understand the logic behind this move?
Answered By: TheArmyOfBober - 10/1/2009
Money doesn't 'trickle down... More
Answered By: vote_usa_first - 10/1/2009
Yes I think it did disprove it. The wealthy also have a common past time of employing accountants and tax shelters, offshore companies and all sorts of puppetry and charades with their money to hide it from Uncle Sam . I see it like this, if you make the big bucks in America, then you can kick down to the nation that... More
Answered By: thebourne_id - 10/1/2009
Reagan already disproved it. Clinton got things turned around. Bush went back to trickle down & disproved it again. Corporate execs blatant misuse of bailout funds hopefully will put trickle down economics to rest.
Answered By: Harald Hardraada - 10/1/2009
You are misinformed. Capitalism would have let those banks fail. Bush screwed up by starting that, and Obama is a fool for continuing it.
Answered By: NoBama - 10/1/2009
Are you kidding me? The money was not given to the rich. It was given to the companies that were ready to go bankrupt. That is the exact opposite of trickle-down economics. Get an education.
Answered By: wowdude7 - 10/1/2009
The bailout was Trickle-Up Economics. It was never intended to help the common man. Both Bush and Obama are socialists. Bush was a closet one. Real Trickle-Down does work. You just don't want to admit it.
Answered By: Dr. Manhattan - 10/1/2009
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