Obama, Econoramus

Obama promises 'bottom-up' economic growth

June 19, 2008

FROM ASSOCIATED PRESS
WASHINGTON — Democrat Barack Obama told union leaders Thursday that he will pursue economic policies that benefits workers if elected president, but he also will seek input from corporate leaders.

‘‘The economy is not working the way it should be, and that’s going to be the goal of an Obama presidency — to make sure we’ve got bottom-up economic growth instead of the kind of tired, worn-out, trickle-down ideologies we’ve been seeing for so many years,’’ Obama said as he gathered with about three dozen leaders in a Capitol Hill hotel. Reporters were allowed in to cover his opening remarks.

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There's so much in these remarks that requires rebuttal, but the 4th season of "The Odd Couple" awaits so we'll address the most egregious bit of flapdoodle:

" ... make sure we’ve got bottom-up economic growth ... "

Bottom-up economic growth?!

What exactly does that mean?

People decide they want jobs and, mirabile visu, they appear?

To paraphrase Frasier Crane: What color is the sky in Obama's world?

The "tired, worn-out, trickle-down ideologies" Obama calumnies have sentenced America to 25 years of growth with only two short and shallow recessions since the Reagan tax cuts went into full effect.

"Working families" have stuff their counterparts in 1979 could never have imagined possessing.

And how should the economy be "working"?

The economy is 300 million people making decisions based on self-interest.

Obama knows how this should work?

Hubris is one of the most unbecoming of vices, especially from someone with so little knowledge of a topic.

Only a person who's never worked in the private sector could believe in a "bottom-up" economy.

Amateur hour.