Losing Ground on the Foreign Policy, Reeling from Failures at Home and Abroad, the President Pivots to Waging an Empty Rhetorical War Against His True Enemy – The GOP – and Finds Comfort in Familiar Territory
During a speech to the City Club of Cleveland, the President said though the success of his plan to expand “middle-class economics” proves that “trickle-down economics” don’t work, Republicans’ budget proposal—which would balance the budget within 10 years—doesn’t reflect that.
“Sadly this is just the latest example of President Obama putting campaign-style events and partisan politics above governing. And it’s all a ruse designed to distract from the president’s own problems.“
— House Speaker John Boehner
“We know now that the doom and gloom predictions that justified this [type of] budget in the past were wrong,” Obama said. “Despite the new evidence, their approach hasn’t changed. “
Since the House budget was released on Tuesday the Obama administration has come out swinging, using it as a convenient foil against his own budget ideas. Republicans suggest cutting $5.5 trillion from the budget over the next ten years, mainly by pulling back investments in domestic programs. Read the rest of this entry »
“Don’t let anybody tell you it’s corporations and businesses create jobs.”
“You know that old theory, ‘trickle-down economics,’” she continued. “That has been tried, that has failed. It has failed rather spectacularly.”
“You know, one of the things my husband says when people say ‘Well, what did you bring to Washington,’ he said, ‘Well, I brought arithmetic,’” Clinton said, which elicited loud laughs from the crowd…
Thomas Sowell writes: New York’s new mayor, Bill de Blasio, in his inaugural speech, denounced people “on the far right” who “continue to preach the virtue of trickle-down economics.” According to Mayor de Blasio, “They believe that the way to move forward is to give more to the most fortunate, and that somehow the benefits will work their way down to everyone else.”
If there is ever a contest for the biggest lie in politics, this one should be a top contender.
While there have been all too many lies told in politics, most have some little tiny fraction of truth in them, to make them seem plausible. But the “trickle-down” lie is 100 percent lie.
It should win the contest both because of its purity — no contaminating speck of truth — and because of how many people have repeated it over the years, without any evidence being asked for or given.