Last Tuesday, President Obama was in full campaign mode in a speech at the Associated Press luncheon, blasting the idea that the way to spur economic growth is to keep taxes low and remove burdensome regulations on businesses.

“[W]e tried this theory out,” he said. “And you would think that after the results of this experiment in trickle-down economics, after the results were made painfully clear, that the proponents of this theory might show some humility, might moderate their views a bit. … But that’s exactly the opposite of what they’ve done. Instead of moderating their views even slightly, the Republicans running Congress right now have doubled down.”