Letter: Those trickle-down economics
Published 02/16/2009, West Central Tribune
I have been watching the progress of Congress’s bailout voting with interest and not a little bemusement. For at least two decades, and even during the last federal election cycle, I have heard Democrats criticizing the “trickle-down theory” of economics that is credited to former President Ronald Reagan. The tax cuts given to the “wealthy” based on the “trickle-down theory” were even blamed in part for the current economic crisis. The criticism/blame may or may not be correct; I am not sure.Word count: 341
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