THE PRESIDENT: Now, my opponent, he believes in top-down economics—
THE PRESIDENT: Don’t boo—vote.
But he thinks that if we just spend another $5 trillion on tax cuts for the wealthiest Americans all our problems are going to go away. Jobs and prosperity will rain down on everybody. Deficits will magically disappear. It will all end happily ever after.
But there’s a problem with that. We tried what they’re selling. We tried it for a decade. It didn’t work then and it won’t work now.