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Friday, July 8, 2011

RE SAVING THE US ECONOMY SQUASHED FLAT TRICKLE OUT ECONOMICS

This has long been a myth, unfortunately.
No minor combination of tax hikes, or exonomist's jumping through hoops are going to save this now long beached whale.


They should have thought about 'saving' a domestic economy 40 years ago, or so, when it was still feasible.


As I have pointed out here, the 'domestic' economy has long been hollowed out, and now more or less squashed flat. 


No WPA type blind spending program will revive it now that globalization has taken over here. 


Some liberal pundits have roared for tariffs, way too late, 
when the production horse that would have made higher tariffs feasible (but not without an industrial policy), 


was allowed to roam off into the wild wild west twilight of European and Asian boom land.


Trickle down now only means one thing: trickle out: 


what little is left will now trickle somewhere else.


Term search: hollowed, hollowing out, squashed flat, cartoon.

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