Trickle-down economics doesn't work

President Obama to Mitt Romney: Trickle-down economics doesn't work




Via the Mitt Romney pool report, the Republican hopeful made a surprise visit to Colorado's CPAC a short time ago, dusting off one of the zingers he used in last night's debate:

 By MAGGIE HABERMAN

“Last night I thought was a great opportunity for the American people to see two very different visions for the country. And I think it was helpful to be able to describe those visions. I saw the president’s vision as trickle-down government and I don’t think that’s what America believes in. I see instead a prosperity that comes through freedom. We have two very different courses for America — trickle down government or prosperity through freedom. And trickle-down government that the president proposes is one where he will raise taxes on small business which will kill jobs. I instead want to keep taxes down on small business so we can create jobs.”
He criticized Obama for saying during the debate that he has a plan to cut $4 trillion from the deficit: “Only in Washington would you count $4 trillion in reduction when in fact his plan calls for adding $1 trillion in debt every one of the next four years. The Congressional Budget Office says that by the end of a four-year period if he were to be reelected, trickle-down government would lead to a setting where we have $20 trillion in debt. I think that’s wrong. I think we should instead take a course represented by freedom, which says we are finally going to get America to cap our spending, to cut our spending and get us on track to a balanced budget.”
He alluded to Biden’s "buried" comment: “If we continue down his path, there's no question that the middle class, which the vice president noted has been buried, will continue to be buried with higher and higher expenses for gasoline for food for utilities for health insurance. If I'm elected instead we're going to see prices moderated because we're going to have people have higher incomes again. We're going to have rising incomes in America because we're going to have more jobs.
“The American people last night were given a choice. They were given a choice between two different visions for America. One where we continue down the road to become more and more like Europe, where government gets larger and larger, more and more intrusive in our lives, spending more and more, borrowing more and more, putting us in our [inaudible.] The other is a path that returns America to America, where we will restore the principles of freedom and hope and opportunity and hope that this nation has always been built upon. I will take us there, with your help. We’re going to take back this country.”
“When someone is taking $716 billion away from our current seniors in their Medicare plan to pay for Obamacare, we say ‘no way.’ We’re going to put it back, and we’re going to get rid of ‘Obamacare.’”
"The Federal Reserve, printing more money, doing everything they can, trying to prop this thing up. We need to rekindle the strong economy."      

  MORE