The Triumph of Reaganomics: This is trickle down.
A description of how things work from The New York Times:
After being laid off from a job as a quality control supervisor at a department store warehouse and losing his house, he moved his family across the state to live with his mother. Unable to find similar work, he initially took a “soul-sucking” temporary job on an assembly line making auto parts, and is now working in a kitchen at a high school.
His hourly wage has fallen from $15 an hour at the warehouse to $10.50 an hour washing dishes and preparing food, and he has gone from having health insurance coverage for his whole family to no benefits. He, his pregnant wife and their 4-year-old son are now on Medicaid.
Naturally, if Ronny had had his way, there would be no Medicaid either.
Note: If you rob the bank, you will go to jail. If the bank robs you, the banker will receive a bailout from the government and a bonus.
Labels: The Economy
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