Okay look Mr. Chairman that's just what I'm coming to. Like you start off with all these here schoolteachers? I mean right at the start they were always getting paid worse than anybody. So you create this second-class profession you get second-class people, so now you get all these pupils which can't hardly read so they have these here remedial reading programs. See if these teachers got it right in the first place then all these remedial teachers would be out of work which that's what we call this ripple effect, where each new job creates like three more new ones. That's how it works. I mean this last five years of this Administration the economy has generated 13.5 million new jobs, so. . . .
So that's where you need these cheap inflation dollars so everybody can pay everybody back, right? See we had this neat idea of this here trickle down theory only it didn't work out so good, I mean it all like got stuck at the top where 15 years ago this richest 1 percent of the nation held 27 percent of the wealth now they've got almost 36 percent, I mean it mostly like trickled up. And see where the Administration's goal was to end inflation it worked so good that this sudden massive collapse of it brought these terrific budget deficits so like now we're this world's biggest debtor nation where if these here Japanese weren't like buying $60 billion in Treasury bonds a year we couldn't hardly pay the gas bill, right?
Perfect timing. Bought 'The Recognitions' and 'JR' in the new editions from Dalkey Archive Press (go Dalkey!), finished The Recognitions about a month ago, and now I'm primed to read the second one.
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