The New York Times > Opinion > Op-Ed Columnist: Dooh Nibor Economics: "whatever they may say in public, administration officials know that sustaining Mr. Bush's tax cuts will require large cuts in popular government programs. And for the vast majority of Americans, the losses from these cuts will outweigh any gains from lower taxes.
It has long been clear that the Bush administration's claim that it can simultaneously pursue war, large tax cuts and a 'compassionate' agenda doesn't add up. Now we have direct confirmation that the White House is engaged in bait and switch, that it intends to pursue a not at all compassionate agenda after this year's election.
That agenda is to impose Dooh Nibor economics — Robin Hood in reverse. The end result of current policies will be a large-scale transfer of income from the middle class to the very affluent, in which about 80 percent of the population will lose and the bulk of the gains will go to people with incomes of more than $200,000 per year."
- posted by geoff @ #