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Simon Johnson: Tax Cut Package Is Voodoo Economics Revisited

First Posted: 12/17/10 09:28 AM ET Updated: 05/25/11 07:20 PM ET

Former President George H. W. Bush coined the term, Voodoo Economics in 1980

Project Syndicate:

WASHINGTON, DC - Democratic and Republican leaders in Washington are suddenly falling over themselves to agree on the need for major tax cuts - affecting not just middle-class Americans, but also very rich people (both living and when they die). Does this sudden outbreak of the long-desired bipartisan consensus indicate that a new, stronger America is just around the corner?

Read the whole story: Project Syndicate

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Filed by Nicole Hardesty  |