Governor Romney has a perspective that says if we cut taxes, skewed towards the wealthy, and roll back regulations, that we'll be better off. I've got a different view

from President Barack Obama (Ft. Jim Lehrer & Mitt Romney) – First Presidential Debate of 2012 on Rap Genius

Meaning

The 2012 election, thought initially to be a referendum on Obama, has turned into a much larger national decision: a referendum on three decades of the “trickle down” theories initiated by President Ronald Reagan. (Peep RapGenius' account of rappers' attitudes toward Ronald Reagan.)

The “trickle down” (or “neoliberal”) economic theory instituted by Reagan (and continued by subsequent presidents, including Bill Clinton) relies on the assumption that if wealthy elite are given free rein their wealth will trickle down to the rest of us.

The thirty years of its trial have proven “trickle down” to be a failed experiment.

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