Since President Reagan proposed the big tax cuts for the wealthy corporations and individuals, our economy has been tilted toward those same big money entities.
While this is going on, the little people of the so-called middle class who have been bank rolling this economy and carrying the costs of this government have been finding their buying power dwindling. It is time to try the "trickle up" policy for a change. If the little guy who finds it impossible to meet financial obligations and mortgage payments would receive a certain percentage of the proposed $700 billion bailout, the financial institutions who hold their mortgages would automatically become solvent and thus eliminate this need to bail out the individuals and institutions who are responsible for the mess we are in.
We all know that "trickle down" really means "trickled on" and has been totally inadequate in bolstering a long-term economy.
The policy of government keeping its hands out of private enterprises may be what these institutions wanted and got until they were hard pressed, and now they want government intervention to pour billions of dollars into their coffers so they can continue to screw the little guys while lining the pockets of their CEO's with golden parachute severance packages.
The big question: Are you better off now than you were eight years ago?
While this is going on, the little people of the so-called middle class who have been bank rolling this economy and carrying the costs of this government have been finding their buying power dwindling. It is time to try the "trickle up" policy for a change. If the little guy who finds it impossible to meet financial obligations and mortgage payments would receive a certain percentage of the proposed $700 billion bailout, the financial institutions who hold their mortgages would automatically become solvent and thus eliminate this need to bail out the individuals and institutions who are responsible for the mess we are in.
We all know that "trickle down" really means "trickled on" and has been totally inadequate in bolstering a long-term economy.
The policy of government keeping its hands out of private enterprises may be what these institutions wanted and got until they were hard pressed, and now they want government intervention to pour billions of dollars into their coffers so they can continue to screw the little guys while lining the pockets of their CEO's with golden parachute severance packages.
The big question: Are you better off now than you were eight years ago?
