By Manila Ryce
Published Friday, January 25th, 2008, 3:43 am
Filed under: Videos: News, Videos: Political, Economic, Videos, US Politics
Despite Faux News saying that the recession is being caused by the prospect of having a Democrat in the White House, it’s actually the weakening of unions, low wages, and consumer debt that are to blame. They call it “trickle-down economics” because the one percent at the top is pissing on everyone below.
h/t Steve at COA News
4 Responses to “It’s Capitalism, Stupid: What You Won’t Hear About the Recession”
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That was the best explanation of trickle-down economics I’ve ever heard.
01/25/08 at 5:58 am
haha, Love that explanation too. Couldn’t help to laugh!
01/25/08 at 3:57 pm
Thanks, I do my best to put complex issues in layman’s terms.
01/25/08 at 4:43 pm
I smell spin!
01/26/08 at 11:57 am