Obamanomics: Trickle-down or ‘Bottom-up’?

“I ran for President to restore that basic bargain,” President Obama said the other day, “that our economy works best not from the top-down, but from the middle-out.”

It’s not the first time Obama declared himself opposed to “top-down” stuff. In 2007, Obama and his advisor/fundraiser/donor Eric Schmidt, then the CEO of Google, palled around at Google where the Senator declared “What we shared is a belief in changing the world from the bottom up, not from the top down.”