Voodoo economics assailed

"...And yet the Republican right keeps coming back, and back, and back. Their fortunes rise and then dip, but each peak is higher than the last peak, and each dip is higher than the last dip. Consider the present situation. Things have gone about as badly as they could have in George W. Bush's second term. A Republican administration started and lost a major war in Iraq; presided over an economy that has failed to deliver higher wages for most Americans; contributed in the aftermath of Hurricane Katrina to the near-wipeout of a major American city; launched a failed assault on Social Security, the most popular social program in the history of the United States; and saw its members suffer an almost unprecedented string of sexual and financial scandals. Still, Democrats find themselves holding only the slimmest of majorities in the House and Senate. Even if they hold their majorities in Congress and win the White House in 2008, the structural forces in Washington will make it nearly impossible to roll back any significant chunks of the Bush tax cuts, let alone take on crises like global warming or the forty-five million Americans lacking health insurance..."

 

http://weazlsrevenge.blogspot.com/2007/09/new-york-times-prints-portion-of-book.html