HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » The Fall of 'Trickle-Down...

Thu Dec 6, 2012, 05:47 PM

The Fall of 'Trickle-Down' and the Rise of 'Middle-Out' Economics

Call it the Osawatomie Doctrine: President Obama's election victory one month ago today began with a speech he made one year ago today

A year ago, President Obama gave a speech in Osawatomie, Kansas where he laid out a vision of how the economy grows. This vision proved a successful way to connect with voters during the campaign. Now, as Congress debates whether to push the U.S. economy over the so-called fiscal cliff and policymakers consider far-reaching changes to our nation's tax code and entitlement, this is the time to effect on the economic reality behind Obama's middle-out economics.

On December 6th, 2011, President Obama made the argument that the economy grows from the middle out. This argument was a direct refutation of the supply-side argument that claims that economic growth comes from lowering costs for businesses, most especially keeping taxes low and enacting limited regulations.

In Osawatomie, President Obama said, "I am here to say the are wrong. I'm here in Kansas to reaffirm my deep conviction that we're greater together than we are on our own. I believe that this country succeeds when everyone gets a fair shot, when everyone does their fair share, when everyone plays by the same rules".

This economic message was honed during the campaign. President Obama emphasized this theme in the second debate and spoke regularly about it this fall. "I believe you grow the economy from the middle out," he said in a key October ad.

The rest: http://www.theatlantic.com/business/archive/2012/12/the-fall-of-trickle-down-and-the-rise-of-middle-out-economics/265975/

1 replies, 370 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 1 replies Author Time Post
Reply The Fall of 'Trickle-Down' and the Rise of 'Middle-Out' Economics (Original post)
JaneyVee Dec 2012 OP
KansDem Dec 2012 #1

Response to JaneyVee (Original post)

Fri Dec 7, 2012, 09:51 AM

1. The sad fact is the One Percenters didn't do their part

They didn't honor their part of the bargain.

Trickle down and the Bush tax cuts were supposed to enable the One Percenters to re-invest in America. Instead, they took their newfound swag offshore to create jobs in India and China and to hide their geld in secret, off-shore tax havens.

If anyone understands what happens when you don't honor an agreement, it should be the One Percenters...

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread