Trickle-up vs. Trickle-down Economics

Earlier this month, I listened to an interesting paper on economics at the Torch Club. The paper compared the trickle-down economy with the trickle-up economy.

In a trickle-down economy, the US government increases its debt to give people in the rich class money to stimulate the US economy. This method was used by presidents Reagan, Bush (father), and Bush (son). The trickle-up economy, the US government increases its debt to create work for the poor class to stimulate the US economy. This method was used by presidents Franklin Roosevelt and Clinton. At the Torch Club, I learned that the trickle-up economy was developed by England’s John Keynes (1852-1849).

When I wrote my book on my proof of God, I was unaware that a trickle-down economy was opposed by a trickle-up economy. But, I was aware of the depression my family suffered in the 1930s. However, I was aware of the economic failures of presidents Reagan and Bush (father) and discussed these failures in my book in detail. (See Part I) However, now that I have become enlightened on the field of economics, I expect another economic failure as a result of President George W. Bush’s new debt of the US government for his trickle-down economy. Clearly, widening the rich and poor class with the trickle-down economy is of no use to a nation under God.

During the Torch Club presentation, a book on economics by Kevin Phillips was mentioned, The title is "American Theocracy: The Peril and Politics of Radical Religion, Oil, and Borrowed Money in the 21st Century." (click)