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Thu Aug 2, 2012, 06:31 PM


Obama calls on voters to ignore Romney's 'trickle-down fairy dust'

'trickle-down fairy dust'

By Christi Parsons

August 2, 2012, 1:32 p.m.

WINTER PARK, Fla. -- President Obama brought his economic message to this key battleground state on Thursday, asking voters to reject the “trickle-down fairy dust” he says Republican Mitt Romney is trying to sell them.

Romney’s economic plans would grant tax cuts for wealthy people, Obama told a crowd, racking up a cost that he says would land on the middle class -- with no net benefit for them.

The idea that the tax cuts would pay for themselves by way of a "massive boom in the economy," Obama said, is "fairy dust" that the GOP has "tried to sell" in the past but which hasn't worked.

“He’s asking you to pay more so that people like him can pay less,” Obama said.

Read more: http://www.latimes.com/news/politics/la-pn-obama-calls-on-voters-to-ignore-romneys-trickledown-fairy-dust-20120802,0,5884248.story

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