Obama Goes After Reaganomics: Conservatives Have Tried to Sell ‘Trickle Down Fairy Dust Before’ & ‘It Did Not Work’

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President Obama vehemently attacked top-down economics at a fundraiser in Chicago on Sunday.

The President took issue with what he stated was Romney’s plan to raise taxes on the middle class and give tax breaks to the rich.  He attacked Romney by quoting “independent economists” as saying “‘There is nothing in Governor Romney’s plan that will create jobs right now.’  This would all be in order to give another $250,000 tax cut to people who are making 3 million dollars or more.”

Obama then quipped, “Let me tell ya something, they have tried this before.  They have tried to sell us this trickle down fairy dust before and guess what:  It did not work.  It did not work.”