The Digital Collegian - Published independently by students at Penn State
OPINIONS
[ Friday, Nov. 7, 2003 ]

Letter to the Editor
Trickle-down economy not a long-term answer

Andrew Criado's column ("Improving U.S. economy is proof Bush's tax cuts worked -- to Democrats' dismay," Nov. 6) states the obvious while ignoring other economic problems. While it is true that Reagan did cut taxes, he also raised taxes during his presidential tenure. Moreover, his "trickle down" economic posturing only helped increase the wealth of upper and middle class citizens while pennies "trickled down" in the hands of desperate families.

Also, while Criado waxes eloquently on the economic upturn concerning overall economic growth and jobless rates, he ignores, like our administration, the recent mutual funds scandals which compounds the Enron, WorldCom, and other white collar crime so prominent these past couple of years.

While the short term economic upturn is hopeful, the continuing business practices of American companies will eventually catch up with us and economic disaster will ensue. Criado needs to remember that economic swings are cyclical; so what comes up could come down.

Roger Geertz Gonzalez
graduate - education
 



TOP  HOME
Blogs  About  Contact Us  Back Issues  Advertising 

Copyright © 2009 Collegian Inc.