The Dan Bongino Show - The Bongino Brief - May 01, 2021
Aired: 2021-05-01
Duration: 05:28


=== Clinton Surplus Hoax (02:18) ===

[00:00:00]  Dan Bongino.
[00:00:02]  Welcome to the Bongino Brief.
[00:00:03]  I'm Dan Bongino.
[00:00:05]  So we played this video yesterday of Joe Biden doing what every liberal Democrat and every, really every Democrat does, promoting the biggest economic hoax in the last hundred years.
[00:00:16]  It's been going around for a century.
[00:00:18]  The hoax of trickle-down economics.
[00:00:20]  You doubt me?
[00:00:21]  I'm sorry to replay this, but it's important in light of some updates I have for you.
[00:00:24]  Here was Joe Biden during his joint address where he again promotes the trickle-down hoax.
[00:00:29]  Check this out.
[00:00:30]  My fellow Americans, Trickle down.
[00:00:34]  Trickle down economics has never worked.
[00:00:36]  It's time to grow the economy from the bottom and the middle out.
[00:00:42]  Trickle down.
[00:00:43]  There we go again.
[00:00:44]  Now, I know many of you listening, some of you know I beat these things to death.
[00:00:49]  Like I used to beat to death the infamous Clinton surplus that never happened.
[00:00:53]  The Clinton surplus?
[00:00:53]  Clinton surplus is no such thing.
[00:00:54]  Remember that?
[00:00:55]  I used to get my older, you have to be an older listener.
[00:00:57]  I used to discuss it all things.
[00:00:58]  It drives me crazy.
[00:00:59]  It's just not true.
[00:01:00]  There's no Clinton surplus.
[00:01:01]  Ladies and gentlemen, I'm bringing this up again because it really...
[00:01:06]  I don't want to say it.
[00:01:08]  It pisses me off, if you get it.
[00:01:10]  There's no such thing!
[00:01:12]  There is no trickle-down.
[00:01:14]  Here's Thomas Sowell again.
[00:01:15]  We played this yesterday.
[00:01:16]  I'm playing it again today because it's going to be important.
[00:01:18]  Thomas Sowell saying, this is a total fairy tale.
[00:01:20]  There is no trickle-down.
[00:01:21]  Check this out.
[00:01:22]  Where does this phrase trickle-down come from?
[00:01:24]  Oh, I don't know.
[00:01:25]  It was as far back as the Roosevelt administration.
[00:01:31]  It is an incredible thing.
[00:01:35]  There is a non-existent theory that is constantly being attacked.
[00:01:39]  Some years ago in my newspaper column, I challenged anybody to cite any economist outside of an insane asylum who had ever made that argument.
[00:01:47]  Nobody ever, ever, ever came up with a single person.
[00:01:50]  So when Barack Obama says in this past July, quote, we were told that prosperity would- Ask him who told him.
[00:01:56]  Nobody told him.
[00:01:57]  Nobody told him.
[00:01:58]  No economist has ever held that, no politician has ever said it.
[00:02:01]  I don't know of anybody who's ever said it.
[00:02:02]  In fact, when I put this out and I went out, a nationally syndicated column. Various people wrote me and

=== Two Words Misused (03:24) ===

[00:02:09]  said, "Well, so-and-so said that so-and-so said it." Find me the person who said it. I don't
[00:02:14]  want to hear how A said that B said.
[00:02:16]  Find me B and show me where he said it.
[00:02:19]  This Thomas Sowell is a legend. He is irreplaceable.
[00:02:27]  There are two words that are used inappropriately in the English language I hate.
[00:02:32]  I can't stand.
[00:02:33]  And I'm gonna say this in the opening of my radio show, May 24th, Monday, May 24th, when we start, so make sure you listen.
[00:02:38]  Two words, literally and unique.
[00:02:41]  People use them wrong all the time.
[00:02:43]  Literally when they mean figuratively, and they say unique when something's not unique.
[00:02:49]  Thomas Sowell is literally unique.
[00:02:50]  There's never another gonna be another.
[00:02:53]  There's no trickle-down.
[00:02:55]  He says it right.
[00:02:56]  Everybody goes, no, no.
[00:02:57]  Obama says, people tell us.
[00:02:58]  Nobody told you there is no trickle-down.
[00:03:01]  Here, you want the proof?
[00:03:02]  Hat tip again, Cole, who emailed me this last night or this morning.
[00:03:07]  Here's another leftist magazine, or semi-leftist magazine, trying to pretend trickle-down exists.
[00:03:14]  Here, headline.
[00:03:15]  Why trickle-down economics works in theory, but not in fact.
[00:03:19]  By Kimberly Amadio and Eric Estevez.
[00:03:21]  You may say, Dan, TrickleDown exists.
[00:03:25]  TheBalance.com is writing about it right there.
[00:03:27]  No, no.
[00:03:28]  Look at the footnote.
[00:03:29]  Look at the footnote.
[00:03:30]  This is important.
[00:03:31]  This goes to show you how liberals propagate myths and suckers believe it.
[00:03:35]  The first footnote.
[00:03:37]  Wharton School of Business.
[00:03:38]  Does trickle-down economics add up, or is it a drop in the bucket?
[00:03:42]  You're like, wow, trickle-down exists, Dan.
[00:03:44]  They said it in the headline, and they footnoted the Wharton School of Business.
[00:03:47]  So Cole was kind enough to actually go to the Wharton School of Business and read the article.
[00:03:52]  Here it is.
[00:03:53]  Does trickle-down economics add up, or is it a drop in the bucket?
[00:03:55]  Dan, Wharton's talking about trickle-down.
[00:03:57]  It exists.
[00:03:58]  Does it?
[00:03:59]  Because when you scroll down in the piece, you get this.
[00:04:02]  Awesome.
[00:04:07]  Many others have pointed out the folly of using the term trickle-down economics.
[00:04:11]  That no real economic model or serious school of thought stands behind what has long been a term of art at the intersection of politics and media.
[00:04:21]  Here's a professor from Wharton, Mr. Gomes here.
[00:04:25]  I have a little bit of a hard time with the terminology and the idea of trickle-down economics.
[00:04:30]  Although everyone in the popular press has a somewhat different characterization of what this means, this is not something we have tested or seriously theorized about as economists.
[00:04:42]  This is the greatest moment in the history of the Dan Pongino Show.
[00:04:47]  I know my standards may be low.
[00:04:49]  I'm sorry.
[00:04:50]  You know I love economics.
[00:04:51]  It's my passion.
[00:04:52]  There is nothing I like more than proving a point through liberals who think they're proving the opposite point.
[00:04:59]  There's no trickle down.
[00:05:02]  They write an article on trickle down and their first footnote is an article saying there's no trickle down.
[00:05:09]  This may be one of these things, I get it, that I think is funny and literally, literally, not figuratively, no other human being on the planet thinks it's funny.
[00:05:18]  Just me.
[00:05:19]  Just me.
[00:05:19]  It's unique to me.
[00:05:20]  But that's okay.
[00:05:23]  Great job, Cole.
[00:05:25]  Awesome.
[00:05:25]  The Dan Bongino Show.