The Trickle On Theory of Economics

I don’t normally read Bob Herbet’s NYT’s column. (He’s a bit too drab for me) but I’m glad I caught his latest one because he is EN FUEGO!

When the Champagne and Caviar crowd is in trouble, there is no conceivable limit to the amount of money that can be found, and found quickly. But when it comes to ordinary citzens in dire situations…well, then we have to start pinching pennies. That’s when its time to become fiscally conservative.

A-fucking-men. I had this exact thought earlier today. Where were all these decisive actions and deep pockets the last decade when wages for American workers were going down while the cost of living was, and still is, going up?

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