Is Government Spending "trickle down economics"?
Welcome to Tony Island blog! In his latest ads and campaign stops, Mr Obama rails against the Republican plan to lower taxes and regulations (essentially "get government out of the way") as "trickle down economics". "We've tried that before and it didn't work", he rails (and don't you just hate the way he treats us as he would a group of students in one of his lecture halls - the finger pointing, the hand raising gestures, etc? That irks me to no end!) But then Obama goes on to propose more government spending - money to buy crops and livestock from farmers. Money for "green jobs". Money for college students' debt, et al. I have to ask though - isn't all this government spending "trickle down economics" by any other name? Why is it when the President proposes spending public money it's "jump starting" the economy yet when the Republicans propose spending private money, it's "trickle dow...