The entire financial fiasco is due to the fact that Congress has not renewed the Bush tax cuts. In fact, there would be a signal amelioration of just about everything if we were to
increase those same tax cuts.
I am serious. I hear guffaws and hoots from the peanut gallery, but listen: I do not think we have actually given this trickle-down thing a realistic test drive. It has only been a quarter of a century since Reagan; i.e., since the Republicans had a leader with morals, brains, and charisma.
He may also have had an odd economic theory, but we should really give it another quarter century.
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