RUSH: Right, right, right, right, right, right, right, right. So Hillary Clinton does a speech on the economy, and she says that in the last 20 years Democrat presidents had to clean up twice from trickle-down economics. Well, let me ask a question. How the hell is that cleanup working out for everybody? What cleanup? There hasn’t been any cleanup. Trickle-down causes an economic boom. Democrat presidents cleaning up from it causes stagnation.
This really bums me. I mean, you know, this is one of the tough parts of this. For 20 years ago, 25 years, point out factually, not even an opinion, the numbers, the facts, Reaganomics, call it whatever you want, it’s just good old unfettered capitalism. (laughing) No, I’m just kidding. There is no unfettered capitalism.
RUSH: Mrs. Clinton at the New School in New York City today.
HILLARY: For 35 years, Republicans have argued that if we give more wealth to those at the top by cutting their taxes and letting big corporations write their own rules, it will trickle down, it will trickle-down to everyone else. Yet every time they have a chance to try that approach, it explodes the national debt, concentrates wealth even more and does practically nothing to help hardworking Americans. Twice now in the past 20 years a Democratic president has had to come in and clean up the mess left behind.
RUSH: I’m gonna admit something. This is so frustrating to me that I struggle in trying to figure out how to deal with this. Now, for those of you who are lifers, been with this program for the last 20 or 25 years, you’ve heard it all. You’ve heard what bunk this is. If you’re a new listener and if you tend to be under 40, my guess is you’re gonna fall hook, line, and sinker for this because you probably haven’t heard anything other than this every year of your life.
It’s really frustrating to try to expose the lies and the deception in this for 25 years, and to have to keep doing it. And I’ll tell you what makes it even more frustrating is that we have eight years of evidence that what Mrs. Clinton calls trickle-down, which really isn’t trickle-down and she entirely mischaracterizes it here, works, and it worked better than anything we’ve done in the last 50 years. That is why Mrs. Clinton trashes it and why Obama trashes it and why the Democrats trash it and why they rewrite the history of the 80’s.
It worked. It worked so well, it obviated the need for the Democrat Party. That’s what they know. But, folks, I throw up my hands in frustration. I don’t know beyond what we’ve done, how to convince people of this. The Democrats just keep hammering the lie. They have their allies on campus that keep hammering the lie. They have their presidential candidates and their other candidates that keep hammering the lie. They’ve got their media reinforcing the lie. People that weren’t alive or old enough in the 1980s don’t remember it.
“For 35 years, Republicans have argued that if we give more wealth to those at the top by cutting their taxes –” First, the whole premise is flawed. Nobody is given wealth except people who inherit it. Other than that nobody is given wealth. The government does not assign winners and losers with the tax code or without it. It’s not how people end up being successful. Somebody doesn’t pick them. And by the same token, nobody’s out there picking losers. But to listen to the Democrats, the successful among us are winners of life’s lottery, and they had additional help because somebody in government was picking them to be wealthy. And then somebody helped them stay wealthy by cutting their taxes.
Now, what Mrs. Clinton is really saying here, let me translate. What she’s really saying here: For 35 years Republicans have argued that if we cut taxes across the board and allow people to earn more of what they are earning, then the rich are gonna end up with more money, and they won’t give it away. It doesn’t trickle-down. The rich will not share it, because the rich are a bunch of greedy SOBs. And so we Democrats have to come along and we have to take the money away from them and give it back to you, because the rich wouldn’t be rich if they hadn’t taken it from you in the first place. That is what she wants the brain-dead, low-information Democrat voter to hear. The rich are not hard workers, they’re not entrepreneurs, they’re not industrious, they’re not unique, they didn’t create anything, they’re lucky. And it isn’t fair.
So the Democrats have come along and they’ve tried to come up with policies to make those people give back some of that money, but the rich won’t give it back. Therefore trickle-down doesn’t work. That’s what she wants you to think. Trickle-down doesn’t work because the rich hoard their money and do not share it with people. They don’t give it away. This is so bollix, all trickle-down is is economic activity, and it occurs at every stage of the economic.
When you park your car at a restaurant and tip the valet, do you know what’s happened? Trickle-down. Do you know what happens when you go grocery store shopping? Trickle-down. You and every other shopper enable the grocery store to stay open and hire employees. It trickles down. What you pay ends up in the back pockets of people that work there and the people that own it. That’s called trickle-down. Trickle-down is not the rich giving money away. Trickle-down is not the rich being given money out of nowhere by the government or somebody and then holding onto it and not giving it away.
Trickle-down occurs at every stage of the economy with every stage of commerce. It’s called capitalism, and it works. Trickle-down is when the rich go buy a yacht and the people who make the yacht are employed and get paid. And the people that then complete the yacht by building the interior, they are employed, and they are paid. The rich pay for the yacht. That’s trickle-down. When the rich build a house all the contractors that are hired, it’s trickle-down. They get paid. The more economic activity there is, the more trickle-down there is. There is less trickle-down when Democrats are in power because there’s less economic activity.
Hillary wants you to believe that there are 93 million Americans not working because Ronald Reagan was president, and the rich got rich and held onto their money and they’re not giving it away. It isn’t “trickling down.” So the Democrats have to come in and clean up the mess. Well, where is the evidence of the cleanup? Can somebody show me where the economy…? Since Reagan, I don’t care. Cite the Clinton economy, especially this one. Show me where it’s outdoing the Reagan economy.
You can’t, because it isn’t.
We’re in the worst economic times in peacetime I can think of in my lifetime. We are. This is worse than Jimmy Carter’s term. It is Jimmy Carter’s second term. This is absurd. But they get away with this. They get away with redefining what trickle-down is. The national debt exploding? Nobody can hold a candle to the national debt growing under Obama. But I’m sorry, folks, I don’t know what to do beyond what we’ve been doing — and it’s not just me. Countless others have been attempting to explain Economics 101 to people, even long before I came along.
And all it takes is a Democrat president or presidential candidate to come along and lie about it, and it seems that carries the day. But Mrs. Clinton doesn’t know what she’s talking about. Mrs. Clinton is an economic disaster waiting to happen because she’s gonna build on one that already has happened, and that’s Barack Obama. No reasonable, sane person in this country would want any more of the kind of economy we have now, and yet they’re gonna vote for Democrats that will continue to make this worse and worse and worse. It’s mind-boggling.
RUSH: The whole premise of Reaganomics is that people get to keep much more of what they earn instead of sending it to the government, and that people living their lives in their own self-interests for the betterment of themselves and their families will bring everybody along. They’ll spend money, engage in commerce, expand employment, grow the economy, create more taxpayers, create more jobs, build up the economy. It just does a cycle. It keeps going.
The Democrats believe that that’s bad because they don’t like people having that much freedom and control over their lives. So instead of the money from a tax cut going to the back pockets of the people that earned it, the Democrats want the money to go to the government. So the government gets to pick the winners and losers! They want you to believe that the Republicans pick winners and losers and they pick the rich on Wall Street and the CEOs and that’s their friends and that’s who they pick to be rich.
The Democrats pick winners and losers, and they want the money to be able to do it. They want your money! They want to raise everybody’s taxes on the premise they’re better; they’re more compassionate. “The average person will not care about the poor; the average person will not give to charity. The Democrats know government and…” It’s so bogus, the Democrats don’t give to charity. Look at their contributions compared to… It’s just… (sigh)
I’m not gonna give up on this, but I’m telling you, folks: It is mind-boggling frustrating to see how they continue to get away with these lies. And the reason they do, I think, is because what they say is simple. “Republicans cheat. Republicans cheap. Republicans don’t share.” And if they’re already destroyed the Republican brand, all that does it just add support to it. It’s a case study in how lying works. There’s not a Democrat economy out there that anybody today wants to be a part of, including this one.