I caught about 10 minutes of Limbaugh on my lunch hour today. I don’t know how much of his show was dedicated to the subject, but during the time I was listening, he was speaking of how some people are saying that the Clinton wedding (and the ridiculous amounts spent upon it) were akin to a ‘stimulus’ and therefore might be seen as proof of ‘trickle down economics’. For the most part he seemed to be re-enforcing this notion with that portion of his monologue and I just sat there scratching my head.
I was scratching my head because amidst it he even addressed the notion of earnings, and how the rich(er) people creating jobs is what actually stimulates the economy. Mind you, I should specify at this point that I am a proponent of supply-side theory. But we are talking about THE CLINTONS here!!! Earnings??? What did they ‘do’ to ‘earn’ the money they are spending on the wedding?
Damn straight! The assessment that this is akin to a stimulus plan is a good comparison. Obama’s stimulus plan takes moneys collected through what amounts to coercion and ‘re-distributes it’ by way of government created jobs and programs. Where do you suppose the moneys the Clintons have came from?
Sure, I have no doubt they do some of their own investing to increase their funds but 1) where did the money they use to invest come from in the first place, and 2) did we forget about Tyson chicken futures? There is more than enough reason to believe they may well have received favors to improve their investment results, and anyone that has seen Hillary’s success with the Tyson scandal would be prone to agree.
In short, trickle down economics (supply-side theory) suggests economic growth can be most effectively created by lowering barriers to producers. What the hell have the Clinton’s “produced” in their lifetime? About as much as Obama’s stimulus packages have! Government bloat!
So don’t be fooled into even considering that the Clinton’s spending your money on their daughters wedding amounts to proof of anything other than the fact that corrupt politicians can get fat off your hard labors!