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Dow below 9000 - It's not trickle-down economics, it's trickle-down poverty.

 
DEMOHAWK
User ID: 514783
United States
10/09/2008 10:44 PM
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Dow below 9000 - It's not trickle-down economics, it's trickle-down poverty.
This is NOT good.

My ex-employer's customers cannot pay my ex-employer.
My ex-employer cannot pay me the last few paychecks.
I cannot pay my mortgage/car/insurance/credit, whatever.

If I have money, I spend money on things that make someone else rich. That's trickle UP.

Money at the top? Why should it trickle down?

This is trickle-down poverty, pure and simple.

The only good thing to come out of this is that the credit card collection people are VERY nice. They WANT to help. They're scared we're all going to go bankrupt on them.

The stock market has lost what - a third? - in as many weeks?

I think it's going to get worse.

Tomorrow is Friday. I'm reminded of Steely Dan's "When Black Friday Comes"


Anonymous Coward
User ID: 447072
United States
10/09/2008 10:46 PM
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Re: Dow below 9000 - It's not trickle-down economics, it's trickle-down poverty.
kinda like those that live at the top of the mountain, and pee in the river. don't drink downstream

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