Speech at Carnegie Mellon University, regarded as a reference to Ronald Reagan
George H. W. Bush had it right, at least once, when he said when he referred to supply side economics as” voodoo economic policy.” Bush later attempted to reverse himself and say he never made the statement about Ronald Reagan’s economic plan.
His one moment of economic clarity was abandoned to what became Republican dogma.
One of the best pieces on this topic is in today’s Herald Leader.
The trickle-down theory of economics “is dismissed as nonsense by economists of both parties. But, as Sen. Mitch McConnell assured a reporter in July of 2010: it is "the view of virtually every Republican on that subject."
Closer to home, none of the candidates for Governor of Kentucky are willing to do what is needed, or even seriously talk about what is needed, to solve the financial issues of the Commonwealth. Maybe they expect the intestinal fortitude to do something to trickle down from the Federal Government.