Well, I see that around half the Daily Kos folks are now for trickle down economics, and around half aren't.
I'd wager a bet that the half that are for more Corporate Welfare, are the same bunch that are worried more about their 401K's than about anything else.
Karl Marx :
Your very ideas are but the outgrowth of conditions of your bourgeois production and bourgeois property, just as your jurisprudence is but the will of your class, made into law for all, a will whose essential character and direction are determined by the economic conditions of the existence of your class.
Economic Determinism. The concept that a group with similar economic interests is most likely to do that which is best for itself economically, and to support policies which you feel enhance that.
It might be the only thing he ever said that I entirely agree with, and clearly it's been well proven, and it also makes common sense. Hard to argue with really.
The pro-bailout bunch (now desperate to call it a 'recovery method' or something instead) is clearly willing to throw the rest of, the future, the stability of the currency, and every man woman and child in the US under the bus, because--true or not--the MSM and stock market machinations have convinced them that their personal 401K plans may be at stake. Their hope is that once all is said and done, some small portion of this will prop up their own 401k retirement accounts (that, yes, often they are forced to have since SS is too small, and there is likely or sometimes no other pension).
When it's all layed bare though: it's have vs. have not.
In this case, the haves, those who still have something to lose, want to steal from everyone to pay for exactly the same corporate interests that caused the problem. The one's that made more from a foreclosure or from outrageous fees, than from dealing fairly with a distressed home "owner". Since this paper has been sold, much of the money will end up in foreign banks.
So, this is at the start 700 billion dollars that needs to be 'printed' (since we are already in debt for various wars) , and will be shuffled off to various banks worldwide. 5% or so of our years GNP.
The really sick thing is that the Republicans in congress only voted against it because they actually wanted more for the major corporate interests.
More than just golden parachutes.
More than no oversight at all.
And now the Senate Democrats wants to add corporate tax breaks into the mix, hoping that will be enough to appease them.
We have real plans available already to fix this, and there is in fact no real rush. Make a mistake this large now, and we will all regret it--those with 401Ks will too.
There's Sanders, and DeFazio, and if we look around there will surely be more.