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Showing posts with label Warren Buffett. Show all posts
Showing posts with label Warren Buffett. Show all posts

Saturday, November 27, 2010

Bush Tax Cuts Don't Trickle Down: Who Said That?

The following indictment of trickle-down economics comes from someone of a little higher pay grade your favorite liberal South Dakota blogger:

"The rich are always going to say that, you know, 'Just give us more money, and we'll go out and spend more, and then it will all trickle down to the rest of you.' But that has not worked the last 10 years, and I hope the American public is catching on."

Who said that in a discussion of the need to extend the Bush tax cuts to save boost business and coddle capitalism?

Dennis Kucinich? Well, he has said things like that since the beginning of the Bush tax cuts, but the above quote isn't his.

The Socialist Party of America? No, the quote isn't from them—they have somewhat larger visions of economic reform.

Ariana Huffington? Well, her website republished the quote, and she'd agree, but the words above aren't hers.

Who says trickle-down economics doesn't work? A man in a position to do a lot of trickling: Warren Buffett.

Buffett must be having too many secret meetings with George Soros to plot the downfall of America, right?