obama or McCain

kluge
Tue, 01 Jul 2008 22:03:11 +0000

Mapesy, they won’t, because they can’t. Even the furthest right of the right wing economists disavow “trickle down” as a theory because they don’t want to be laughed at.

The part you’ve left out is that since Reagan’s “voodoo economics” were sold to a gullible public over 25 years ago the exact opposite has happened: prior to 1980 the economic “rising tide” did in fact lift all boats - everyone got better off over time. Since 1980 none of the increase in the nation’s wealth and income has “trickled down” below the 75th percentile - with most of it going to the top 1%. There’s plenty of data confirming that fact, it’s hardly a secret for anyone who is willing to look at the facts.

But repeated propaganda trumps data with most of the people, most of the time.