Democrats loves to call Ronald Reagan’s successful economic policies as “trickle-down” economics. President “Obama [has] criticized the GOP for promoting what he called a ‘top down’ economic system and said those policies were ‘central to Gov. Romney and … central to his running mate.’”
That notion of “top down” economics better describes the policies the Democrats advocate than the ones the Republicans promote. Democrats’s policies always involve a greater role for government, “stimulating” the economy by directing taxpayer (or borrowed) dollars to favored industries.
In his column on Friday, George Will dubbed these policies “trickle-down government“:
With Americans, on average, worth less and earning less than when he was inaugurated, Barack Obama is requesting a second term by promising, or perhaps threatening, that prosperity is just around the corner if he can practice four more years of trickle-down government.
We need give this notion greater currency.