President Obama Debunks “Trickle Down Economics”
President Obama visited Osawatomie, Kansas today and debunked the the conservative fantasy embraced by Ronald Reagan and virtually every conservative since. “It doesn’t work,” Obama declared. “And even as conservatives have clung to the idea in the face of overwhelming evidence against it, it has never worked,” Obama added.
Obama is correct. The trickle-down policies put in place since the Reagan administration haven’t brought prosperity to the middle- and working-classes; if anything, they have made prosperity an illusion for the vast majority of Americans who don’t directly benefit from them.