Just to illustrate how “trickle-down misery” is the negative counterpart of Supply Side economics, look at the impact to just one related industry if Obama succeeds in killing the coal industry.
Coal is far and away the number one commodity moved by America’s railroads.
Under Obama we would see the following Doobie Brothers lyric come to pass “You see them long trains runnin’ And you watch them disappear”.
Once I built a railroad,
Made it run.
Made it race against time.
Once I built a railroad,
Now it’s done.
Brother, can you spare a dime?