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.”

ABOUT THE AUTHOR

Sahil Kapur is TPM's senior congressional reporter and Supreme Court correspondent. His articles have been published in the Huffington Post, The Guardian and The New Republic. Email him at sahil@talkingpointsmemo.com and follow him on Twitter at @sahilkapur.
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