Nancy Pelosi Supply Sider

One of the wonders of the American political system is how politicians can vilify their opponents and their policies one moment and the next shamelessly take those same policies to their bosom.

Nancy Pelosi provided a beautiful example of this phenomenon today when she came out in favor of tax cuts. Yes you read that right, she is proposing tax cuts. Not only that but she's proposing them in lieu of direct cash payments as part of the next stimulus boondoggle being planned by Congress. Of course, a week ago it was the ruinous Bush tax regime that landed us in this mess according to her and her cohorts.

No word yet on how they plan to give tax cuts to the 40% who don't pay taxes but I suspect there is a plan. I certainly can't imagine the "rich" benefiting.

Tom Lindmark

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