The fact remains that our three decade experiment with trickle-down caused the financial crash and Great Recession by deregulating financial markets and driving the deep indebtedness of the middle class, pushing an already weakened middle class to the brink. Enter Trump, seizing the terrain that trickle-down created.
It may be difficult to believe right now, but eventually the nightmare will be over. The race for the presidency will end, and we will be free of the daily media diet of who is ahead, who is behind, and who might get ahead as others falter. Time and again right now, the bulk of the media - across the entirety of the political spectrum -- focus entirely on the race, in the process distracting us from the course over which the race is being run. But when the race is over, reconstructing/improving that course will be the over-riding task facing whoever wins. So can we please start talking now, in a systematic way, less about the candidates and more about their programs?
Even former Fed Chair Ben Bernanke has been irked by right wing conservatives for doing just the thing that most conservative economists, such as Martin Feldstein, and even arch-free market theorist Milton Friedman, said was the right thing to do during recessions--inject more money into the economy.
These Republicans (Trump included) seem totally in agreement that progressive taxation is less effective than light taxation; that it is the scale of public spending and debt which is holding back economic growth, and that it is the burden of taxation to sustain that spending which currently is the key barrier to the generation of private sector-based enterprise and employment.