Trickle Down Trickles Up Again

Like a lung cancer patient reaching for a pack of smokes, the Bush administration has greeted the latest run of gloomy economic news -- Tuesday's stock market plunge, a ballooning federal deficit, flagging consumer confidence, mounting unemployment, not to mention those pictures of Dennis Kozlowski literally wrapping himself in the flag in his yacht over Labor Day -- with a nerve-settling puff of its favorite brand of economic relief: tax cuts for the rich. And considering the imprudence of that idea, maybe they're smoking something a little stronger than Marlboros. [read more]