Description
Two clips with opposing points of view, featuring CNBC Senior Contributor Larry Kudlow discussing trickle down economics in the 1980's and 1990's under Presidents Ronald Reagan, George H.W. Bush and Bill Clinton, and Sen. Debbie Stabenow (D-MI) on trickle down economics under George W. Bush in the early 2000's.
Bell Ringer Assignment
- According to Mr Kudlow, what was the percentage of economic growth in the 1980's and 1990's? Why does he refer to President Clinton's economic policies as "Reagan's third-term"? How many new jobs does Mr. Kudlow suggest were created in that 20 year period? What factors does Mr. Kudlow suggest are important to the success of trickle-down economics?
- According to Sen. Stabenow, why does she suggest that trickle-down economics hasn't worked? According to Sen. Stabenow, what underlying factors contributed to the growing national debt during the 2000's?
Additional Resources
Participants
Vocabulary
- Capital Gains Tax
- Federal Budget
- Federal Debt
- Income Tax
- Inflation
- Recession
- Supply-side Economics
- Tax Cuts
- Wages