I saw a Barack Obama campaign ad while watching the Olympics the other night.
He said we have a choice to make in a few months. It was something like a choice between cutting taxes for the wealthy and hoping that works its way down to the rest of us, which is more top-down. We tried that. It didn’t work. Or we can invest in education, research, etc.
I thought this was funny for two reasons.
First, spending ourselves silly hasn’t worked either.
Second, letting folks keep what they earned isn’t top-down. In fact, it’s the opposite. That’s bottoms-up. What he says he wants to do in the commercial — tax and spend and direct money into the things he sees fit like education and research — is ‘top-down’.
Politicians love to redefine words. They redefined “reduced rate of growth” as a “spending cut” long ago. If your raise wasn’t as much as last year, do you ask your boss why your salary was cut? Probably not. You would look stupid.
‘Top-down’ refers to a system that is micromanaged by the folks in charge. ‘Bottoms-up’ is the opposite.
Washington DC taxing away more of your earnings so bureaucrats can decide how to spend it (e.g. grant to crazy in CO) is top-down. Letting us keep more of our earnings so we can decide how to use it is bottoms-up.
So, not only did Obama get the definition of top-down wrong, but he immediately said he wants to do more of the very thing that he said we should stop doing. Hmmm.
Speaking of crazy in CO, I’ve heard the fact that he was receiving taxpayer dollars mentioned on the news. I haven’t yet seen any aspiring investigative journalists go after the folks who dispense those dollars to hold them accountable.
What if it turned out that the Koch Bros. were funding crazy’s research and education? A 24/7 encampment of reporters would camp at their doorstep asking how they could be so irresponsible and where’s their accountability and what they owe to make amends?
Why hasn’t anyone followed that same trail through the government? Who approved the subsidy? How often is it reviewed? Why didn’t he stop receiving it as soon as he notified the school that he dropped out?
Which makes a key point about Obama’s desired (but lets not call it) top-down management — it doesn’t work because there is no accountability.