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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (336582)	5/5/2007 11:11:08 PM
From: bentway	Read Replies (1) \| Respond to of 1574307

"The term "trickle-down" comes from an analogy with a phenomenon in marketing, the trickle-down effect."..."David Stockman, who as Reagan's budget director championed these cuts but then became skeptical of them, told journalist William Greider that the term "supply-side economics" was used to promote a trickle-down idea." en.wikipedia.org

To: Tenchusatsu who wrote (336582)	5/5/2007 11:29:07 PM
From: SilentZ	Read Replies (1) \| Respond to of 1574307

>"Trickle-down economics" is a phrase invented by liberals who don't understand economics. "Supply-side economics" is a phrase invented by conservatives who understand economics and ignore that understanding to line the pockets of the rich. -Z

To: Tenchusatsu who wrote (336582)	5/5/2007 11:31:27 PM
From: combjelly	Read Replies (1) \| Respond to of 1574307

""Trickle-down economics" is a phrase invented by liberals who don't understand economics." As I recall, Republicans called it "voodoo economics"...

To: Tenchusatsu who wrote (336582)	5/6/2007 1:30:03 PM
From: tejek	Respond to of 1574307

Chris, > And that somehow, some of that prosperity will come to you. To me, it sounds like more "trickle-down" dribbly penis discharge. "Trickle-down economics" is a phrase invented by liberals who don't understand economics. "By liberals"? I don't think so. Read on: "In his March 29 nationally syndicated column, Thomas Sowell claimed that "no one has ever advocated" the "trickle down theory" -- a conservative economic theory that forms the basis of "supply-side" economics, which prescribes investments and tax breaks for businesses in order to stimulate the economy. In fact, former President Ronald Reagan's then-director of the Office of Management and Budget David A. Stockman indicated in a December 1981 interview in Atlantic Monthly that a substantial portion of Reagan's economic policy was based on the "trickle-down theory." A January 10, 1982, Washington Post article stated the following about Stockman's Atlantic Monthly interview: David A. Stockman, director of the Office of Management and Budget, in his now famous conversations with Washington Post editor William Greider recorded in an article in the Atlantic Monthly, agreed that a key element of Reagan administration economic policy -- reducing the top personal income tax rate from 70 percent to 50 percent -- was "trickle down." In order to get Congress to go along with cutting the top rates, the same logic that lower rates would provide incentives to taxpayers whatever their income level had to be devised, Stockman indicated. "It's kind of hard to sell 'trickle down,' so the supply-side formula was the only way to get a tax policy that was really 'trickle down.' Supply-side is 'trickle-down' theory," he said. mediamatters.org Like I said you're easily fooled.......and just for the record, Stockman was a GOPer.