Bush apologists can't wish away the economic truth

From the New York Times via the Houston Chronicle, Paul Krugman on President Bush's failed conservative policies on the economy:

What we've just seen is as clear a test of trickledown economics as we're ever likely to get. Twice, in 2001 and in 2003, the administration insisted that a tax cut heavily tilted toward the affluent was just what the economy needed. Officials brushed aside pleas to give relief instead to lower- and middle-income families, who would be more likely to spend the money, and to cash-strapped state and local governments.

Given the actual results — huge deficits, but minimal job growth — don't you wish the administration had listened to that advice?

Click here for the rest.

As I've said many times, neo-liberalism, or "trickle down" economics just doesn't work. That is, it works quite well as a bogus philosophical rationale for stealing from the poor and giving to the rich; what I mean is that it doesn't improve the economy.

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