Rainbow Chasers
. Problematical politicians and reformers, who chase rainbows, which cannot possibly be caught, to “find the pot of gold at the foot thereof.” This alludes to an old joke, that a pot of gold can be dug up where the rainbow touches the earth.
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Entry taken from
Dictionary of Phrase and Fable,
edited by the Rev. E. Cobham Brewer, LL.D. and revised in 1895.