Bob Burnett's missive in the Huffington Post neatly sums up what is up with the economy, from a 50,000 foot level, and how to address it.
The roots can be traced back to Ronnie-Baby and his Milton Friedman-influenced "The Government that Governs Best Governs Least" bullcrap. Burnett is right-on when he mentions that the market follows the path of least resistance - which leave greed as the sole governor of the flow of dollars in an unregulated environment.
And "Trickle Down"? When companies are hoarding cash the way they are, due to "instability in the market" (read: Obama in the White House, Democrats in charge of both chambers, greater regulation), I sure don't see much trickling down. An ever-increasing number of "plebs" are holding out their cups and have our umbrellas ready for the trickling-down - but not a cloud of green in the sky.
Obama talked about change coming from the bottom-up. I wonder if he means this in an economic sense - because he's got a whole lot of Friedmanists within his inner circle.
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