Friday, December 17, 2004
if one man had designed the Titanic and the Hindenburg, and then was put in charge of the space program.Jon Chait on conservative economist Martin Feldstein's discredited spiel about taxes at W's lame "economic summit" about the "financial challanges" we face today.
You know it's tragic that these folks don't see the utter moronic idiocy of going down the supply-side economic road once again. If you compare economic growth in the 1970s, 1980s, and 1990s, the 90s had the most growth, the 1970s second, and Reagan's 1980s come in a distant third.
So much for the efficacy of tax cuts to spur the economy, eh?
It didn't work the first time and it won't work now.
This would all be great comedy if we weren't all being dragged along for the ride -- and if it wasn't you and me and our children and grandchildren that were going to be paying the bill for this monumental idiocy on the part of W and the Republicans.