That’s My Congress quotes Democratic U.S. Representative Hank Johnson as repeating Reagan-era economic catch phrases like “morning in America”, even as he gives a speech before Congress trying to convince Americans that Barack Obama’s economic recovery is something more than just a rehashed version of the very Reaganomics that brought our country to ruin in the first place.
Congressman Johnson reported,
“I am happy to report to you that Congress and the Obama administration have departed on a new course of action–no more voodoo economics, no more trickle-down economics. These are failed policies, and it is time for something new.”
No more voodoo economics? No more trickle-down economics? Let’s look at what the bulk of the economic recovery spending does: It goes to fund the economic elites in our country, going directly into the bank accounts of big Wall Street firms. The idea behind doing this is that the Wall Street firms, after they’ve skimmed off to suit their pleasure, might lend some money out to big corporations, which in turn might spend some of that money, which might create some jobs, which might bring some money into the pockets of working Americans.
That’s trickle-down economics, to a T. Just how stupid does Hank Johnson think we are… and are we willing not to be that stupid?