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.
