May 30, 2013

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Latest News, Maryland

O’Malley: ‘Trickle-Down Economics’ Has Failed America

In a speech Thursday at the Center for American Progress, Maryland Gov. Martin O’Malley (D) took aim at “trickle-down economics” — the conservative theory that fiscal policies benefiting upper earners will improve the whole economy and therefore also benefit the middle and lower classes.

“Trickle-down economics has been an abject failure for 99% of Americans,” O’Malley said, according to prepared remarks. “If we want to deliver better results — if we want to strengthen our middle class and expand middle class opportunity — then we have to be willing to make better choices.”

The speech aggressively touted Maryland’s successes during O’Malley’s two terms as governor, and portrayed his economic and social policies as a blueprint for America. He’s rumored to be potential presidential contender in 2016.

“[T]he ideology of the past no longer serves the challenges of these rapidly changing times,” he said. “Our children demand and deserve a new way of leadership that is entrepreneurial, collaborative, relentlessly interactive and measured always by whether or not we are achieving better results.”

 

Read it at Talking Points Memo here.