Has Dubya hammered the final nails in the supply-side coffin ? [View All]

[kentuck]

Reagan was the first to preach the effects of Dr Feelgood's taxcuts as the cure to everything that ills you. He spent the last six years of his presidency trying to make up for the lost revenues and to somehow relieve the huge deficits that he created. He failed and George Herbert Walker Bush paid for it when he raised taxes to try to alleviate some of the drag from the monstrous deficits.

Now, along comes W and he tries the same trick but twice as much and he runs deficits two times as much as Reagan. They scratch their heads as the "taxcut" economy only creates 38,000 jobs this month. They predicted 200,000. Will they finally realize that taxcuts for the wealthy are simply the worst possible way to try and stimulate an economy and when it leads to huge deficits, it is simply another nail in the coffin of supply siders and modern conservatism?