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Speaking on the Senate floor in 1992, Senator Hank Brown (R-Colorado) said: "Mr.President, the trickle-down theory attributed to the Republican Party has never been articulated by President Reagan and has never been articulated by President Bush and has never been advocated by either one of them.Let the games begin, starting with the bread and butter of Stanley, upon which they built an empire, the Bailey patent bench plane in its various configurations.Leonard Bailey designed what has become the standard plane configuration that's still in use to this day.
In contrast, an increase in the income share of the bottom 20 percent (the poor) is associated with higher GDP growth. Tcherneva described the failings of increasing economic gains of the rich without commensurate participation by the working and middle classes, referring to the problematic policies as "Reagan-style trickle-down economics," and "a trickle-down, financial-sector-driven policy regime".
Some people continue to defend trickle-down theories which assume that economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and inclusiveness in the world.
This opinion, which has never been confirmed by the facts, expresses a crude and naïve trust in the goodness of those wielding economic power and in the sacralized workings of the prevailing economic system.
The term "trickle-down" originated as a joke by humorist Will Rogers and today is often used to criticize economic policies which favor the wealthy or privileged, while being framed as good for the average citizen.
In recent history, it has been used by critics of supply-side economic policies, such as "Reaganomics".