President tells labor that trickle down has never happened in this country
In Milwaukee Tuesday President Obama gave a speech at something called Laborfest. It was full of soaring rhetoric such as:
“Now, anybody who thinks that we can move this economy forward with just a few folks at the top doing well, hoping that it’s going to trickle down to working people who are running faster and faster just to keep up, you’ll never see it. (Applause.) If that’s what you’re waiting for, you should stop waiting, because it’s never happened in our history. That’s not how America was built. It wasn’t built with a bunch of folks at the top doing well and everybody else scrambling. We didn’t become the most prosperous country in the world just by rewarding greed and recklessness. We didn’t come this far by letting the special interests run wild. We didn’t do it just by gambling and chasing paper profits on Wall Street. We built this country by making things, by producing goods we could sell. We did it with sweat and effort and innovation. (Applause.) We did it on the assembly line and at the construction site. (Applause.)”
I’m not sure what history he’s exposed to, but I seem to recall many of this country’s successes were spurred by entrepreneurs who innovated and invented, then hired people at ever increasing wages because they had to compete against other entrepreneurs.
Ben Franklin was a successful printer. Paul Revere was a silversmith. Sam Adams was a successful brewer. Others were planters and traders.
Later we had steel magnate Andrew Carnegie, oil baron John D. Rockefeller, railroad czars Cornelius Vanderbilt and Henry Flagler, financier J.P. Morgan, car maker Henry Ford and inventor Thomas Edison.
There also were newspaper empires built by such men as William Randolph Hearst, Horace Greeley, John Knight, James Cox and Donald W. Reynolds.
Today we have computer genius Bill Gates, retailer Sam Walton, entertainer Oprah Winfrey, fast food kingpin Ray Kroc, Internet seller Jeff Bezos and gadget man Steve Jobs.
Those are the folks at the top who created empires supported by those on the assembly lines and construction sites.
Central planning never worked. Giving people opportunity did.
Trickle down comment is at 14:15:
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to "President tells labor that trickle down has never happened in this country"
Apple inc. was created in a garage I believe ? So according to the president, as that corporation expanded nobody has ever benefitted? Apple, Microsoft, Ford, McDonalds,Standard Oil, none of these have provided jobs ? I suppose they are just a bunch of evil corporations that should be taxed into oblivion.
If people are failing to realize what this man's rheteric is implying, mabye the problem is politicians but the people. I got a little sick when reading this post. I am not a birther, racist, or straight line republican but, this man needs to go. Hope for change, and car is getting driven off a cliff. Best bet is to dump Reid and put in a speed bump.
This is the President discussing the idea that giving massive tax breaks to the super rich does not mean that they will spend more and it that it will trickle down into the pockets of the middle class. And he's right, it doesn't, and hasn't worked.
He is not, in fact, denying the existance of entrepreneurs.(?)
He is not, in fact, denying the existance of entrepreneurs.(?)
Hey Mr. Mitchell - apropos of nothing in particular, I highly recommend Martin Wolf's essay on ft.com on "the role of the state":
http://blogs.ft.com/martin-wolf-exchange/2010/08/08/what-is-the-role-of-the-state/
His response to reader comments is pretty good as well.
http://blogs.ft.com/martin-wolf-exchange/2010/08/08/what-is-the-role-of-the-state/
His response to reader comments is pretty good as well.
Hey petey, very apropos, I recommend "A Patriot's History of the United States: From Columbus's Great Discovery to the War on Terror" by Larry Schweikart and Michael Allen.
Maybe give you another look at something other than Marx and Engel political thought. I don't believe their ideas have succeeded anywhere they've been tried.
Our boys did a pretty good job putting together an instrument that governs MEN. You should read up on it.
Maybe give you another look at something other than Marx and Engel political thought. I don't believe their ideas have succeeded anywhere they've been tried.
Our boys did a pretty good job putting together an instrument that governs MEN. You should read up on it.
Lester, Deep Thought, & Athos - Thank you! It is refreshing that not everyone is wearing blinders.
Mr. Mitchell is expressing that these and many others' success has, in fact, trickled down. President Obama says "You will never see it"
Øbama believes that wealth is distributed, not earned; that it's not "fair" when someone earns more than another person; and that when you allow someone to keep more of the money they have earned, it constitutes a "gift."
He, and those in power, are, of course, exempt. That's his version of the 'Golden Rule'; he who makes the laws, keeps the gold. Want to look for millionaires that don't pay their fair share (or earn it for that matter)?
Try Washington DC. Pennsylvania Ave, and the Capitol Building (and don't forget K street!)
He, and those in power, are, of course, exempt. That's his version of the 'Golden Rule'; he who makes the laws, keeps the gold. Want to look for millionaires that don't pay their fair share (or earn it for that matter)?
Try Washington DC. Pennsylvania Ave, and the Capitol Building (and don't forget K street!)
Robb. Worth, there's more of us, than there are of them. That's why they're going bonkers.
The president, as usual, is right. Trickle down was used by Ronald Reagan to try and sell the idea that making corporations and their CEOs rich by cutting their taxes, helped the country and helped pay off the national debt. Ronald Reagan proved wrong. There are still some Republicans that bought that bill of goods and still believe it because FOX and Limbaugh told them. I see a few of those here are still fooled.
Sure Jerry, when Microsoft became successful, Gates had no reason to expand further, he just put all the extra money in his pocket.
I'd reply with a little historical evidence, but I've decided to quit reading/posting on the RJ site because the forum doesn't for elementary formatting, such as paragraphs. As a result, no matter how much time and effort is taken to create an eloqunet post, it ends up difficult to read and less than the intended meaning. If the RJ thinks that is acceptable, it should run its newspaper with similar formatting. Goodbye.
The blogs format with HTML codes fine.
How's that trickle down thingy working at the Review-Journal? Has Sherm amassed his fortune yet? And ask the workers at Walmart how much of Sam's fortune has trickled down to them.
Obama doesn't seem to understand the responsibilities of President of the United States. He is not Supreme Imperial Gaga Guru of the Democrats -- he's supposed to be the president for ALL the people. He talks jive like Ali before a heavyweight fight. No class. No clue.
I like the democrats tax and borrow, raise spending, tax and borrow more, raise spending economic policies. IT TOTALLY MAKES SENSE. We will never run out of other peoples money! But it's not socialism, at least we don't call it that. We call it progressivism. YEA! We are soooo much smarter than everyone. If it fails we can just blame Bush.
sweetsue - "supreme gaga guru" awesome, unfortunately President Obama is as divisive as Reid.
Dick - those folks over at Walmart (McDonalds) etc. have jobs because of people like Sam Walton and Ray Croc, they may not be the best jobs in the world, but with a little hard work and self-reliance they can move up in the company or build a solid resume' and move on to bigger and better things, perhaps work for Apple or Microsoft. Envision these people putting a few bucks aside to take care of themselves and their families in the future, send their kids to college, secure a healthy retirement. Maybe, just maybe open their own little business. ahhh, what a dream. Thanks to entrepreneurs like Sam Walton.
Or they can just be like you, stick their hands out and say "gimme, gimme, gimme"
Or they can just be like you, stick their hands out and say "gimme, gimme, gimme"
You missed the point, Thomas, of course entrepreneurship and hard work has built this country. That is exactly what the President said. What he is also saying is that the idea that a select few of wealthy elites should be allowed to operate at will and that this will somehow benefit the rest of us has never worked, it didn’t work 150 years ago with the robber barons and the railroad monopolies and it isn’t working now.
SweetSue wrote: "he's supposed to be the president for ALL the people."
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I think he knows that. The problem is that many Americans refuse to accept his as their president for what ever personal reasons or biases they may have against the man.
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I think he knows that. The problem is that many Americans refuse to accept his as their president for what ever personal reasons or biases they may have against the man.
Lester wrote: "Dick - those folks over at Walmart (McDonalds) etc. have jobs because of people like Sam Walton and Ray Croc,"
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Lester, the problem is, as it has been pointed out, that many companies no longer hire Americans. All our jobs have been outsourced to India.
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Lester, the problem is, as it has been pointed out, that many companies no longer hire Americans. All our jobs have been outsourced to India.
I see the trickle down theme has been dodged. Trickle down does not work. Wal-Mart was mentioned. They fight unions, hire illegals, and pay such low wages the employees are given classes in how to use county social services (you and me pay) like food stamps, etc. which we have to pay for. Their medical insurance is $500 a year, but you can only get $1,000 maximum if you need it. The owners of Wal-Mart are worth approximately $90 billion dollars. There is your phony trickle down.
He's right about the cheap formatting editor. I've had a number of simple messages that simply won't post.
Well, Sherm's html editor won't post this in any of his blogs, so I'll see if it posts here. Or, perhaps just give up on the RJ blogs.
Sherman is a Birther and a Global Warming Denier? The Farmers Almanac is right and all the leading scientists are wrong? While the rest of the civilized world works on global warming, Sherman's still in the dark ages of superstition and false accusations of fraud. It must be embarrassing for you (and our country) to have to take this ridicules position, Sherman. You prostitute yourself in order to sell advertizing. If you don't start worthy discussions, you'll lose us; destroy your blogs and lose that advertizing market, too.
Sherman is a Birther and a Global Warming Denier? The Farmers Almanac is right and all the leading scientists are wrong? While the rest of the civilized world works on global warming, Sherman's still in the dark ages of superstition and false accusations of fraud. It must be embarrassing for you (and our country) to have to take this ridicules position, Sherman. You prostitute yourself in order to sell advertizing. If you don't start worthy discussions, you'll lose us; destroy your blogs and lose that advertizing market, too.
HERE IS TRICKLE DOWN DEFICITS - (CNSNews.com 09/08/10) - In the first 19 months of the Obama administration, the federal debt held by the public increased by $2.5260 trillion, which is more than the cumulative total of the national debt held by the public that was amassed by all U.S. presidents from George Washington through Ronald Reagan.
CONTINUING SAME ARTICLE - When President Barack Obama took the oath of office on Jan. 20, 2009, the total federal debt held by the public stood at 6.3073 trillion, according to the Bureau of the Public Debt, a division of the U.S. Treasury Department. As of Aug. 20, 2010, after the first nineteen months of President Obama’s 48-month term, the total federal debt held by the public had grown to a total of $8.8333 trillion, an increase of $2.5260 trillion. BEWARE OF THE TICKLE DOWN DEFICTS - ONLY TO NON-UNUIN WORKERS JUST 75% OF THE AMERICAN WORKFORCE. THE UNION ARE EXEMPT!!
Chilidog, your 6:21am post makes the point. You don't want a "few elites" to operate "at will" but are perfectly fine with elected talking heads operating at will .
At least the Waltons, Gates and Krocs risked their own money, in their questionable endeavors.
Øbama/Reid/Pelousy are risking our money on questionable political strategies (socialism), which have never worked in the past. And what's their 'skin in the game'?
Hopefully, November 2nd will make it 'real' to Reid.
At least the Waltons, Gates and Krocs risked their own money, in their questionable endeavors.
Øbama/Reid/Pelousy are risking our money on questionable political strategies (socialism), which have never worked in the past. And what's their 'skin in the game'?
Hopefully, November 2nd will make it 'real' to Reid.
BEWARE OF THE TICKLE DOWN DEFICTS - ONLY TO NON-UNUIN WORKERS JUST 75% OF THE AMERICAN WORKFORCE. THE UNION ARE EXEMPT!!
++++++++++++++++++++++++++++++++++++++++++++
What brand of insanity is this?
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What brand of insanity is this?
To clarify - What the DEMS are doing is throwing money @ Union Projects only. Union membership is about 25% of the total workforce. What they neglect to do is 'create or save' non-union jobs - you know the other 75% of the total workforce. That's my point - sorry if that wasn't clear before.
Mark Gallo, do you have any source for that claim?
SHow me where socialism or communism has been successful: where people are free and can do what they want. Where the "poor" have enough for their needs. Even Castro just came out and said communism has not worked for his country. Yet some want to emulate it.
Gov't depends on businesses and no gov't workers to get their money. They produce nothing, but consume our tax dollars. It takes business to hire people who pay the taxes so gov't can waste it away.
MY dad works at Walmart to suuplement his retirement and doesn't need any health insurance. How many other Wal-Mart employees are the same?
Gov't depends on businesses and no gov't workers to get their money. They produce nothing, but consume our tax dollars. It takes business to hire people who pay the taxes so gov't can waste it away.
MY dad works at Walmart to suuplement his retirement and doesn't need any health insurance. How many other Wal-Mart employees are the same?
If you think the conversation is about communism, you're already out of the conversation, ifyaknowhatimean.
Chili - Did you notice who was in the audience when the Pres made his announcement - all union members - READ ON • Unions’ Rights Rather Than Unions’ Wrongs. Obama has given unions sweetheart deals that raise corruption and cronyism to obscene levels. For example, in the government takeover of General Motors, as The New York Post reported, the Obama-supporting United Auto Workers got: “a remarkable 17.5 percent of the stock plus $2.5 billion in cash plus $6.5 billion in preferred stock carrying a dividend of about 9 percent. In other words, the UAW got three to four times as much as [private] bondholders for a smaller claim on GM's assets. The union even boasted to its members in May 2009 that it had made no concessions on pay, health care or pensions in the restructuring. In effect, the government divided up GM's creditors into favored and unfavored groups, then gave a fat stake in the reorganized business to the favored (aka longtime Democratic Party donors).” Whether it’s health care reform, educational reform or any other kind of reform, Obama and his administration always find ways to serve up sweet treatments for unions and sour treatments for the public.
Chili - more evidence $50 BILLION PAYOFF TO UNIONS. The instrument used to give unions a leg up is the "project labor agreement (PLA)," which in theory sets reasonable pre-work terms and conditions -- but in practice, requires contractors to hand over exclusive bargaining control; to pay inflated, above-market wages and benefits; and to fork over dues money and pension funding to corrupt, cash-starved labor organizations. These anti-competitive agreements undermine a fair bidding process on projects that locked-out, nonunion laborers are funding with their own tax dollars. And these PLAs benefit the privileged few at the expense of the vast majority: In the construction industry, 85 percent of the workforce is nonunion by choice. In short, Obama's new Union Infrastructure Rescue Plan is a political favoritism scheme that raises the cost of doing business and bars tens of thousands of skilled, nonunion laborers who choose to run open shops from securing work. In the name of patching up America's highways and byways, Mr. Fix It would create another gaping fiscal sinkhole to appease his special interest donors. Recovery Summer turns to Union Payback Fall.
I've tried three postings and none went through. I'll try this one again.
Poor old whiney scabs, crying about people legally seeking, and getting, union representation. Usually it's those getting screwed by their company, yet spouting the company line about how bad all unions are. Unions built this country. The crooked corporations would connect up with their crooked politicians and have police busting heads (mostly mine workers) on the picket line and passing laws restricting union activities. Now we have the NLRB to protect us.
Now go talk to the ENRON employees that are unemployed. Or Wal-Mart, where they fire any employee that won't work free overtime or that asks about union representation. Or are fired just before retirement. Or are forced to go to classes to learn how to screw the local community out of money and how to use 'free' services at their local ER.
When I was a Teamster Organizer I'd see you anti-union communists always complain, until you are the one fired just before retirement (like my grandmother was), or forced to work free over time. Then you come crying to me. Why don’t you show some guts and organize, rather than end up leaching off us workers?
Now go talk to the ENRON employees that are unemployed. Or Wal-Mart, where they fire any employee that won't work free overtime or that asks about union representation. Or are fired just before retirement. Or are forced to go to classes to learn how to screw the local community out of money and how to use 'free' services at their local ER.
When I was a Teamster Organizer I'd see you anti-union communists always complain, until you are the one fired just before retirement (like my grandmother was), or forced to work free over time. Then you come crying to me. Why don’t you show some guts and organize, rather than end up leaching off us workers?
Poor old whiney scabs, crying about people legally seeking, and getting, union representation. Usually it's those getting screwed by their company, yet spouting the companyline about how bad all unions are. Unions built this country. The crooked corporations would connect up with their crooked politicians and have police busting heads (mostly mine workers) on the picket line and passing laws restricting union activities. Now we have the NLRB to protect us.
Now go talk to the ENRON employees that are unemployed. Or Wal-Mart, where they fire any employee that won't work free overtime or that ask about union representation. Or are fired just before retirement. Or are forced to go to classes to learn how to screw the local community out of money and how to use 'free' services at their local ER.
When I was a Teamster Organizer I'd see you anti-union communists always complainin, until you are the one fired just before retirement (like my grandmoter was), or forced to work free overtime. Then you come crying to me. Why don't you show some guts and organize, rather than eud up leaching off us workers?
Now go talk to the ENRON employees that are unemployed. Or Wal-Mart, where they fire any employee that won't work free overtime or that ask about union representation. Or are fired just before retirement. Or are forced to go to classes to learn how to screw the local community out of money and how to use 'free' services at their local ER.
When I was a Teamster Organizer I'd see you anti-union communists always complainin, until you are the one fired just before retirement (like my grandmoter was), or forced to work free overtime. Then you come crying to me. Why don't you show some guts and organize, rather than eud up leaching off us workers?
Poor old whiney scabs, crying about people legally seeking, and getting, union representation. Usually it's those getting screwed by their company, yet spouting the company line about how bad all unions are. Unions built this country. The crooked corporations would connect up with their crooked politicians and have police busting heads (mostly mine workers) on the picket line and passing laws restricting union activities. Now we have the NLRB to protect us.
Now go talk to the ENRON employees that are unemployed. Or Wal-Mart, where they fire any employee that won't work free overtime or that asks about union representation. Or are fired just before retirement. Or are forced to go to classes to learn how to screw the local community out of money and how to use 'free' services at their local ER.
When I was a Teamster Organizer I'd see you anti-union communists always complain, until you are the one fired just before retirement (like my grandmother was), or forced to work free over time. Then you come crying to me. Why don’t you show some guts and organize, rather than end up leaching off us workers?
Now go talk to the ENRON employees that are unemployed. Or Wal-Mart, where they fire any employee that won't work free overtime or that asks about union representation. Or are fired just before retirement. Or are forced to go to classes to learn how to screw the local community out of money and how to use 'free' services at their local ER.
When I was a Teamster Organizer I'd see you anti-union communists always complain, until you are the one fired just before retirement (like my grandmother was), or forced to work free over time. Then you come crying to me. Why don’t you show some guts and organize, rather than end up leaching off us workers?
Part 1: Poor old whiney scabs, crying about people legally seeking, and getting, union representation. Usually it's those getting screwed by their company, yet spouting the company line about how bad all unions are. Unions built this country. The crooked corporations would connect up with their crooked politicians and have police busting heads (mostly mine workers) on the picket line and passing laws restricting union activities. Now we have the NLRB to protect us.
Part 2: Now go talk to the ENRON employees that are unemployed. Or Wal-Mart, where they fire any employee that won't work free overtime or that asks about union representation. Or are fired just before retirement. Or are forced to go to classes to learn how to screw the local community out of money and how to use 'free' services at their local ER.
Part 3: When I was a Teamster Organizer I'd see you anti-union communists always complain, until you are the one fired just before retirement (like my grandmother was), or forced to work free over time. Then you come crying to me. Why don’t you show some guts and organize, rather than end up leaching off us workers?
Part 2: Now go talk to the ENRON employees that are unemployed. Or Wal-Mart, where they fire any employee that won't work free overtime or that asks about union representation. Or are fired just before retirement. Or are forced to go to classes to learn how to screw the local community out of money and how to use 'free' services at their local ER.
Thomas: I'm not the only one that's complained about your posting editor. A number of us have had trouble trying to post. It's rather frustrating, after forming up a response, only to have your blog not post it. I know another person has left and I'm about do to the same.
It's been reported that Øbama couldn't fill the auditorium used for the Wednesday speech in Cleveland.
Whoops. Is the magic wearing off? Are the people tired of seeing a naked man pretending to be splendidly garbed?
Shelley, and Dina, you inviting Dr. Utopia to campaign with you?
Is Hillary available? (of Bill?)
Whoops. Is the magic wearing off? Are the people tired of seeing a naked man pretending to be splendidly garbed?
Shelley, and Dina, you inviting Dr. Utopia to campaign with you?
Is Hillary available? (of Bill?)
Market up; GDP up and increasing for the last 3 quarters; jobs up; manufacturing up retail sales up; private sector has added jobs for eight consecutive months, corporate earnings rising, CEOs are reporting greater confidence, corporate profits are UP, and are near all time highs, Wall Street (Where big profits are back) is hiring again, company profits at the largest companies in the country increasing to record highs, Service Index increasing for 10 months, U.S. dollar rising in value, the "cost" of the U.S. debt declining, inflation is down, the value of the U.S. dollar is up, U.S. companies are sitting on record stores of cash, interest rates are at all time lows, U.S. treasuries are selling at record levels, interest on those instruments are the lowest rates in history, Americans paying less in taxes than when Reagan was in office; gas price 30-40% less than when Bush was in office; banks saved and paying us back (with interest); auto industry saved and paying back (with interest); AIG saved and paying us back (with interest); Healthcare for thousands saved and will pay us back; troops being withdrawn from war.
Saturday morning news: "WASHINGTON (AP) -- The number of people in the U.S. who are in poverty is on track for a record increase on President Barack Obama's watch, with the ranks of working-age poor approaching 1960s levels that led to the national war on poverty.
"Census figures for 2009 - the recession-ravaged first year of the Democrat's presidency - are to be released in the coming week, and demographers expect grim findings.
"It's unfortunate timing for Obama and his party just seven weeks before important elections when control of Congress is at stake. The anticipated poverty rate increase - from 13.2 percent to about 15 percent - would be another blow to Democrats struggling to persuade voters to keep them in power."
"Census figures for 2009 - the recession-ravaged first year of the Democrat's presidency - are to be released in the coming week, and demographers expect grim findings.
"It's unfortunate timing for Obama and his party just seven weeks before important elections when control of Congress is at stake. The anticipated poverty rate increase - from 13.2 percent to about 15 percent - would be another blow to Democrats struggling to persuade voters to keep them in power."
And the Truth will set you free! (and set these Keynesian losers free, as well. Free to join the ranks of the unemployed they were so instrumental in building)
Funny how idiots like Jerry keep claiming growth. If you fell down a hole and you were climbing out, of course you are going up, just to get back to stable ground. What a tool.
Obama's socialistic trickle up poverty is working!
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