Reply #3: So the logical conclusion is that trickle down does NOT work.

[fasttense]

What this so called journalist failed to mention was:

1. The $14 trillion in bailouts and guarantees the federal government gave to financial firms. When you bailout the big investment corporations (calling them banks so you can use the FDIC money) and privatize their losses. They have to be very stupid NOT to make a profit.

2. The mark to imaginary values the change in accounting rules allowed the corporations. They can claim they have billions in assets in failing loans when in actuality they have losses on the books.

So, bailing out the investment corporations and allowing them to lie on their books allowed corporations to continue to play in the stock market casino and claim profits by merely putting out their hand.

But the bottom line is despite their free and easy ways, corporations are showing a profit that is NOT trickling all over main street.