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	<title>The Washington Independent &#187; head explosion</title>
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		<title>Trickle-Up, the New Trickle-Down</title>
		<link>http://washingtonindependent.com/20552/trickle-up-the-new-trickle-down</link>
		<comments>http://washingtonindependent.com/20552/trickle-up-the-new-trickle-down#comments</comments>
		<pubDate>Tue, 02 Dec 2008 15:31:03 +0000</pubDate>
		<dc:creator>Matthew DeLong</dc:creator>
				<category><![CDATA[Blog (deprecated)]]></category>
		<category><![CDATA[Economy/Finance]]></category>
		<category><![CDATA[Obama]]></category>
		<category><![CDATA[Politics]]></category>
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		<category><![CDATA[governors]]></category>
		<category><![CDATA[head explosion]]></category>
		<category><![CDATA[trickle-down economics]]></category>

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		<description><![CDATA[<p>Following up on <a title="http://washingtonindependent.com/20480/states-face-perfect-storm-of-financial-trouble" href="http://washingtonindependent.com/20480/states-face-perfect-storm-of-financial-trouble" target="_blank">Mike&#8217;s follow-up</a> that touched on the failure of trickle-down economic policies to, well, trickle down, it looks like President-elect Barack Obama intends to pursue an altogether different track.</p>
<p><a title="http://www.politico.com/playbook/" href="http://www.politico.com/playbook/" target="_blank">Politico&#8217;s Mike Allen</a> has some excerpts from Obama&#8217;s prepared remarks, to be delivered today at the <a href="http://washingtonindependent.com/20552/trickle-up-the-new-trickle-down" class="read_more">More...</a></p>]]></description>
			<content:encoded><![CDATA[<p>Following up on <a title="http://washingtonindependent.com/20480/states-face-perfect-storm-of-financial-trouble" href="http://washingtonindependent.com/20480/states-face-perfect-storm-of-financial-trouble" target="_blank">Mike&#8217;s follow-up</a> that touched on the failure of trickle-down economic policies to, well, trickle down, it looks like President-elect Barack Obama intends to pursue an altogether different track.</p>
<p><a title="http://www.politico.com/playbook/" href="http://www.politico.com/playbook/" target="_blank">Politico&#8217;s Mike Allen</a> has some excerpts from Obama&#8217;s prepared remarks, to be delivered today at the National Governor&#8217;s Association meeting  in Philadelphia.<span id="more-20552"></span></p>
<blockquote><p>As president, I will not simply ask our nation&#8217;s governors to help implement our economic recovery plan. I will ask you to help design that plan. Because if we&#8217;re listening to our governors, we&#8217;ll not only be doing what&#8217;s right for our states, we&#8217;ll be doing what&#8217;s right for our country. <em><strong>That&#8217;s how we&#8217;ll grow our economy – from the bottom-up.</strong></em> And that&#8217;s how we&#8217;ll put America on the path to long-term prosperity. [Emphasis added.]</p></blockquote>
<p>Economic policies targeted at those at the bottom, with the benefits intended to work their way up to the top? In America?</p>
<p>Throughout Washington, the heads of hundreds of conservative think-tankers are no doubt exploding simultaneously.</p>
<p>UPDATE: Obama just delivered the remarks, and he veered considerably from the prepared remarks sent to reporters. He omitted the line I highlighted above. Perhaps he saw it as too ideological or antagonistic, or he simply forgot it. However, it will be very interesting to see to what extent his administration&#8217;s economic policies reflect that principle.</p>
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