The upcoming rebate

MANIFESTO

While it looks like some kind of tax rebate for Americans is a done deal, it's telling that the Harvard MBA still wanted—but backed off from—making his hideous tax cuts permanent to goose the economy. What nonsense.

I have yet to see anyone come out and say, in these days of recession, inflation, rising unemployment, and credit crises, that all of these things happened in spite of the Bushies' magic bullet—or "silver bullet" as the illiterate Bushies are wont to say—of massive tax cuts.

So we're stuck with the same old same old because it's all the Bushies know: Cut taxes and the economy will respond positively. Guess what? Taxes have been cut and the economy is in a shambles.

We all knew that the tax cuts were created simply to line the pockets of the oligarchs. Now that the chickens are coming home to roost, this fact is even more obvious, but no one (from the MSM to Josh Marshall) seems willing to articulate it clearly.

UPDATE — I see that Krugman (as usual) gets it.