Yup. To the point it was utter bullshit, when George Bush Sr. (remember him?) was running against Reagan in 1979, he called the "trickle-down" theory "voo-doo economics".. and he was right. Once it became obvious he wasn't going to get the nod for President, he was tapped by Reagan who chose him as his running mate, to get him to shut up about it and the rest is history.
I've been saying for decades, we're now in the deep voo-doo doo-doo.