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Obama to rebuild the economy from the bottom up (huh?)

Posted on 09/27/2008 4:16:52 AM PDT by truthandlogic

I have not heard any mention of his statement on the economy. He said something like he would rebuild the economy from the bottom up instead of the top down. The top down is a failed policy. Time for a change. He mentioned that this notion that spreading wealth at the top and hope it trickles down to poor does not work. I don’t know the exact quote, did anyone else hear it?


TOPICS: Business/Economy
KEYWORDS: bo; democrat; democrats; economicpolicy; economy; mccainpalin; obama; obamabiden; socialism
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1 posted on 09/27/2008 4:16:52 AM PDT by truthandlogic
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To: truthandlogic
yeah, Build it from the bottom up

Jobs come from the bottom up.

2 posted on 09/27/2008 4:18:27 AM PDT by scooby321 (Cai)
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To: truthandlogic

I heard it. It’s that “trickle-up economics,” I guess.


3 posted on 09/27/2008 4:19:46 AM PDT by dinodino
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To: scooby321

4 posted on 09/27/2008 4:19:46 AM PDT by tomymind
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To: truthandlogic

Yes, you heard it right. There’s a transcript of the whole debate posted. Check the side bar. It’s near his talking points about giving 95 percent of working people a tax cut.


5 posted on 09/27/2008 4:20:37 AM PDT by GoLightly
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To: truthandlogic
Manchild is going to take magic (because they appear like magic)dollars from the government treasury, give them to “working people”, who will spend them and supercharge economic activity. Did that explain it?
6 posted on 09/27/2008 4:20:40 AM PDT by AmericaUnited
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To: truthandlogic
It's just a catch phrase like "Two Americas" for the libs, who are capable of handling only short, snappy, hip lingo.

The same people who decry the lack of depth and detail in our campaigns are the ones who are always on CNN barking about having to boil things down to a bumper sticker slogan. They then complain that the OTHER guy is all about "bumper sticker slogans".

7 posted on 09/27/2008 4:22:18 AM PDT by Darkwolf377 (I've got a bracelet, too. From Sergeant..... uuuuuuuhhhhhhh....)
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To: truthandlogic

At the bottom will be people with their hands out. At the top will be a plethora of government entities dribbling out cash in exchange for promise of votes.


8 posted on 09/27/2008 4:23:23 AM PDT by bert (K.E. N.P. +12 . Conservation? Let the NE Yankees freeze.... in the dark)
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To: bert

You summmed it up. Many people at the bottom, btw, don’t even owe anything in taxes and in fact already receive “income credits” which result in tax day being a bonus day for them. These are Obama’s constituents. People who really work, on the other hand, even those who earn as little as $40,000 dollars, are the enemy and need to have their “wealth” redistributed.

Also, would somebody somewhere (McCain, are you listening) please come to the defense of business, large and small? That’s what our economy is built on. Government is not and never can be an engine of productivity or creator of wealth.


9 posted on 09/27/2008 4:29:19 AM PDT by livius
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To: truthandlogic

“Bottom Up” means nationalizing small businesses... and giving them to the well meaning indigents like in Zimbabwe.


10 posted on 09/27/2008 4:30:01 AM PDT by x_plus_one (Muhammed and Allah = memes destined for the ashheap of history.....)
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To: bert

a better response to those who argue for a bottom up approach is that, what they really means is what we’ll see is a growing and expanding government all under the guise of for your benefit. You’ll see freedom shrink and government control expand. Your lives will be dependant on thescraps the government hand out


11 posted on 09/27/2008 4:30:49 AM PDT by 4rcane
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To: truthandlogic

Well, let’s see now. He wants to give lots more money to welfare people who will then spend more and create new jobs. The only problem is that the people who supply the new jobs will be paying much higher taxes and won’t be able to pay their workers so there won’t BE anything to buy. Good thinking, O Brilliant One.


12 posted on 09/27/2008 4:36:14 AM PDT by kitkat (EX DEO LIBERTAS (From God, liberty))
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To: livius

Chaos will ensue when Obama starts we distributing private businesses to the low-lifes in the inner cities.


13 posted on 09/27/2008 4:41:11 AM PDT by x_plus_one (Muhammed and Allah = memes destined for the ashheap of history.....)
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To: truthandlogic

I think this is code language.

In an email exchange with a liberal friend, I kept warning that a President Obama would lead us quickly to socialism and marxism. He kept writing back with the word “bottom-up” economics.

Long story short, bottom-up is a safe way to say “socialism.”


14 posted on 09/27/2008 4:45:54 AM PDT by StatenIsland (The '08 Election: It's about the survival of our country, not making a point...)
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To: kitkat

They’ll “stimulate” the economy by buying cigs, beer & crack.


15 posted on 09/27/2008 4:46:25 AM PDT by Shady (The Fairness Doctrine is ANYTHING but fair!!!!)
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To: truthandlogic

A President Hussein with a heavily Democrat Congress just might succeed in rebuilding the economy from the bottom up, i.s., putting in a new foundation and building a bungalow where there was a high rise before. That transformation would be the transition to real socialism..


16 posted on 09/27/2008 4:49:28 AM PDT by arthurus (Old age and guile beats youth and enthusiasm.)
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To: truthandlogic

‘Bottom up’? How naive. It defies logic.


17 posted on 09/27/2008 4:49:46 AM PDT by whatshotandwhatsnot
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To: AmericaUnited

“FROM EACH ACCORDING TO HIS ABILITY... TO EACH ACCORDING TO HIS NEEDS”.

LLS


18 posted on 09/27/2008 4:52:03 AM PDT by LibLieSlayer (GOD, Country, Family... except when it comes to dims!)
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To: truthandlogic

McCain should just respond to Barry: “Just stop it with that socialist claptrap and class warfare. This is America, not the old Soviet union.”


19 posted on 09/27/2008 5:00:35 AM PDT by AmericaUnited
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To: truthandlogic

The left has been trying that “bottom-up” thing since at least Johnson’s “great society” and it’s failed miserably. All it has achieved after 4 decades is 3 generations of welfare families, dependent on the working folks to carry their weight.


20 posted on 09/27/2008 5:02:32 AM PDT by meyer (Go, Sarah, Go!!)
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