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Elizabeth Schulte – She’ll keep America not so great for workers

HILLARY CLINTON is having a lot of fun taking shots at Donald Trump’s economic plan to make America “great” again. She calls it an extreme version of the Republicans’ failed theory of trickle-down economics [1]. The Trump plan would, of course, be a disaster for working people–and another windfall for the rich, with its proposals for eliminating the estate tax and opening …

Plutocrats torched the economy: Our new Gilded Age & the hollowing out of America’s middle class – ELIAS ISQUITH

You may recall how in 2013 — and then again in 2015 — President Obama tried to give his economic vision a snazzy name, something to compete with “trickle-down economics” in terms of memorability and pith. What he came up with, and has stuck with since, is “middle-out economics,” or sometimes “middle-class economics,” which is supposed to communicate his and …

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Trans Pacific Trickle-Down Economics – Robert Reich

Have we learned nothing from thirty years of failed trickle-down economics? By now we should know that when big corporations, Wall Street, and the wealthy get special goodies, the rest of us get shafted. The Reagan and George W. Bush tax cuts of 1981, 2001, and 2003, respectively, were sold to America as ways to boost the economy and create …

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Wall Street Is Cool With Hillary Clinton Pretending To Be A Populist – DS Wright

At this stage of the game you have to be exceedingly dim or incredibly delusional to think that Hillary Clinton is a progressive. Her record of supporting cuts to programs helping children in poverty, voting for reckless wars overseas, applauding domestic surveillance, and standing with corporate power in Congress speaks for itself. But in order to win an election in …

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Trickle-Down Economics and Trickle-Down Poverty

My friend Tonya, a woman in her late thirties who has lived in poverty for decades, called me today. “I feel like a sponge,” she said. “Everyone’s problems trickle down onto me and I absorb them all.” Tonya was referring to the term “trickle-down economics.” While she didn’t have the exact definition of trickle-down economic theory in mind (trickle-down economics is the …