"They have better trickle-down economics, are not affected by a weak dollar or whatever else, " he says.

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And yet, for much of the last century, we have been having the same argument with folks who keep peddling some version of trickle-down economics.

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In return for the votes of the young, Mr Lagos is offering positive discrimination for the disadvantaged, as an alternative to reliance on trickle-down economics.

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Trickle-down economics from Republicans got us into this mess.

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"This Tory-led government are committed to promoting a discredited growth model of trickle-down economics which will do nothing to reduce poverty in the developing world, " said shadow international development secretary Ivan Lewis.

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And you would think that after the results of this experiment in trickle-down economics, after the results were made painfully clear, that the proponents of this theory might show some humility, might moderate their views a bit.

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This is not trickle-down economics.

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He has condemned his Republican opponents for what he called "you're on your own economics" and said that the trickle-down theory - that when the rich get richer so does everybody else - "has never worked".

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