Now, itís a simple theory. And we have to admit, itís one that speaks to our rugged individualism and our healthy skepticism of too much government
. Thatís in Americaís DNA. And that theory fits well on a bumper sticker. (Laughter.) But hereís the problem: It doesnít work. It has never worked. (Applause.) It didnít work when it was tried in the decade before the Great Depression. Itís not what led to the incredible postwar booms of the Ď50s and Ď60s. And it didnít work when we tried it during the last decade
. (Applause.) I mean, understand, itís not as if we havenít tried this theory.