Quote:
Originally Posted by bronco67
Look at trickle down economics. yet it has never worked.
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"Trickle Down Economics" is a term coined by humorist Will Rogers to describe the "New Deal" of Democrat President Franklin Delano Roosevelt.
He described it as the "rich pissing down on the poor".
What Reagan did (and what Republicans "claim" to be for) is SUPPLY SIDE ECONOMICS:
"Supply-side economics is a school of macroeconomics that argues that economic growth can be most effectively created by lowering barriers for people to produce (supply) goods and services as well as invest in capital."
Has nothing to do with "trickle down economics" which was "The New Deal" of FDR.
I think the misconception was caused by the media in the 1980's mislabeling it out of their ignorance. And now generations of people have grown up with that wrong definition.
