TrickleThis

The Deal's Getting Done, But Will It Work?

The Paulson plan - even with amendments - is still based on clinging to the very same "Trickle Down" ideology that the plan PROVES is bankrupt. Wealth did not trickle down, debt trickled down. And to cure this, the plan asks taxpayers to Trickle Up with their tax dollars -- not to pay their own coerced debt, but to bail out exploitative, weathy institutions and investors at the top. I agree with Unfaire and others, any investment of public tax dollars needs to begin at the bottom. Future interventions at the top are already provided for - did anybody notice that the failure of WaMu was handled perfectly: depositors are safe, investors lost.