The Problem,

Paul, is that "trickle-on" economics has never left public discourse; it still remains the theory of choice among our leaders.

Meanwhile, the economy continues its slide into third world status.

So here’s what you should answer to anyone defending big giveaways to corporations: Lack of corporate cash is not the problem facing America. Big business already has the money it needs to expand; what it lacks is a reason to expand with consumers still on the ropes and the government slashing spending.

What our economy needs is direct job creation by the government and mortgage-debt relief for stressed consumers. What it very much does not need is a transfer of billions of dollars to corporations that have no intention of hiring anyone except more lobbyists.

Obama is totally opposed to government job programs that would alleviate unemployment.