Trickle Down Economics
It’s impossible not to see the events of the last week as an indictment of Bush’s $3.9 trillion tax cut program for the rich. (Be sure to read down to the part labeled “Distribution of Tax-Cut Benefits.” )
No wonder the Bush administration had to slash funding for the New Orleans levees for the first time in 37 years. They had their trickle down economics to attend to.
And trickle down it did. In buckets.