Trickle down economics definitions(take your pick):
By Joe Quigley
Wikipedia: "Trickle-down economics" and "the trickle-down theory" are terms used in United States politics to refer to the idea that tax breaks or other economic benefits provided by government to businesses and the wealthy will benefit poorer members of society by improving the economy as a whole. "Money was all appropriated for the top in hopes that it would trickle down to the needy."
Urban Dictionary:A Failed economic policy that asserts that if you give tax cuts to the rich the profits will trickle down to the lower classes.Time has shown that this Regan policy is nothing more then a scam to give the rich a Free Ride in society
"Trickle down economics don't trickle down on me! Where's my money and my job? They been outsourced by some elitist rich snob."
Obama on "Trickle down economics: "Now, just as there was in Teddy Roosevelt’s time, there’s been a certain crowd in Washington for the last few decades who respond to this economic challenge with the same old tune. 'The market will take care of everything,' they tell us. If only we cut more regulations and cut more taxes – especially for the wealthy – our economy will grow stronger.
Sure, there will be winners and losers. But if the winners do really well, jobs and prosperity will eventually trickle down to everyone else. And even if prosperity doesn’t trickle down, they argue, that’s the price of liberty.
"It’s a simple theory – one that speaks to our rugged individualism and healthy skepticism of too much government. And that theory fits well on a bumper sticker. Here’s the problem: It doesn’t work. It has never worked. It didn’t work when it was tried in the decade before the Great Depression. It’s not what led to the incredible post-war boom of the 50s and 60s. And it didn’t work when we tried it during the last decade."
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