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Updated on December 7, 2011

Trickle-down economics must not return.

This blog had spoken of trickle-down economics and Newt Gingrich; though, not in the same instance, sometime ago. Now, the two were making headlines again in the news today.

That Newt Gingrich, owing to the power and influence he exerted as Speaker of the United States House of Representatives and in Congress in the 1990s, would surpass all his colleagues in the Republican Party nomination race, and become the leading candidate.

He has maintained his connections in Washington D.C., and so it was not surprising to many people that he has surged so fast in the polls, and probably, on his way to getting the nomination.

They (people) knew that would happen, because he was crafty in all his doings; and that this moment would not be an exception. He would use his enormous eloquence and intellectual magnitude to supersede his rivals; and that was exactly what was happening.

Yet, just yesterday, President Barack Obama made a speech in Osawatomie, Kan., and following in the footsteps of President Theodore Roosevelt, claimed the floor for the middle class to empower itself and to grow.

Roosevelt's speech was for society to be kind and generous and to make all opportunities equal and available to all its members.

That opened up doors for many ordinary folks to take advantage of the chances that were not given them before, which culminated into building a strong and powerful workforce, and thus creating the most vibrant economy the world has ever seen. That continued in the years; from his (Roosevelt's) era and through the World War years to the present.

It also was able to manifest into a middle class of people, who, when organized, were able to protect their own interests and those of their neighbors. That was the class of working men and women that have worked diligently to maintain America's place in the world of economics, innovation and industry ever since.

They would withstand the wealthy and the affluent, in their bid to wholly control the affairs of society for only their (wealthy people's) betterment, and thus leaving the rest, meaning the poor and the disadvantaged, to fend for themselves.

That was how trickle-down economics had started; and its ideals, of carving a set of rules to suit the affluent in society and another set of rules for those who were not so powerful, have been accepted by conservatives as the basis of economic life for Americans.

That was where the phrase, "the rich gets richer; while the poor gets poorer" came from.

The base of the middle class was dwindling, and President Obama's speech was designed to encourage its existence, urging it to come back strong and forceful again, otherwise the country would end up in the pre-Theodore Roosevelt days, when one section of society had too much influence over the other.

Thus predicting that if Gingrich or Romney or any other Republican, who has embraced the principles of trickle-down economics should be president, he or she would engage in policies that would go against the gains and rewards of the middle class and working people that they have managed to receive through dialogue and negotiations over so many years. A process that was sometimes simply referred to as labor talks.

However, returning to the past would be a disaster for the progress the country has made until today; rolling back the date would be appalling; and President Obama would not allow that to happen.

He had promised to change that system of old, which was pitting one part of the community against the other for economic reasons; thus, for example, causing Occupy Wall Street to appear from nowhere, and interrupting the peace and harmony that should exist in the nation.

The disparity of it (system) must not be permitted to return.

Bravo, Mr. President, for a more relevant speech for our time. Going back to elicit help from President Theodore Roosevelt was the right thing to do.


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    • Richard Sirota profile image

      Richard Sirota 6 years ago from Allentown, PA.

      Great piece. I stand in support.