08-14-2016, 05:06 PM
The whole article is worth a read:
Quote:What the GOP candidate outlined in his big economic speech in Detroit on Monday relies entirely on an outdated theory (trickle-down economics), a debunked concept (that free trade is bad) and out-and-out legerdemain that attempts to dress up tax cuts for the rich as a boon to the middle class. It was an exercise in magical thinking that exposed almost all Trump’s promises on the stump over the past year as baseless. And it took place in a city of Detroit that exists only in Trump’s imagination.Trump’s Year of Magical Economic Thinking - POLITICO Magazine