Wednesday, December 11, 2013
Reaganomics: Trickle-down good, demand-side bad.
Liberalonomics: Demand-side good, trickle-down bad.
GHWBushonomics: Trickle-down is “voodoo economics.”
GOPonomics: No new taxes!
Libertarianomics: No taxes.
Popeonomics: “This opinion [trickle-down]…has never been confirmed by the facts, expresses a crude and naïve trust in the goodness of those wielding economic power and in the sacralized workings of the prevailing economic system.”
Limbaughnomics: “Pope is a Marxist”.
And, in conclusion,
LBJonomics: “…making a speech on economics is a lot like pissing down your leg, it seems hot to you, but it never does to anyone else.”