Rudy Giuliani: A Republican Trickling Down
I’d laugh if it were not so pathetic. Rudy Giulani actually had the audacity to say that the $18 billion in bonuses that Wall Street received after getting massive bailout from taxpayers are good for the econonmy.
“If you somehow take that bonus out of the economy, it really will create unemployment,” he said on CNN’s “American Morning.It means less spending in restaurants, less spending in department stores, so everything has an impact.”
Haven’t we learned that trickle down does not work by now, especially when it comes to trickling down with our own money. The insanity of his comments cannot be underscored enough. Why not just give the money directly to the people who need it and leave Wall Street out of it, but that would never cross his mind.
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