[T]he official Financial Crisis Inquiry Commission report assigned blame to banks, regulators, government agencies, and credit raters — not the 2001 and 2003 Bush tax cuts.That being said, it is not surprising Clinton is making this argument. It is, in effect, “Trump wants to replay the same policies that almost destroyed the US economy, but more so.” Fewer and fewer people remember the Reagan boom or how better supply-side policy contributed to economic growth during Bill Clinton’s presidency. Any Republican who ever proposes tax cuts for the wealthy and business is likely to see some version of Clinton’s argument. Trump didn’t have much of a response other than to asset his tax cut “will create tremendous numbers of new jobs.”
And the kind of plan that Donald has put forth would be trickle-down economics all over again. In fact, it would be the most extreme version, the biggest tax cuts for the top percent of the people in this country than we’ve ever had.I call it trumped-up trickle-down, because that’s exactly what it would be. That is not how we grow the economy.We just have a different view about what’s best for growing the economy, how we make investments that will actually produce jobs and rising incomes.