pays, and far more regressively too.

You could maybe get away with it if you didn't shuffle off tons'o'money to FIRE and the military contractors, but you don't.

Back when Bush came in I called their plan "looter economics". I haven't seen anything that's changed the accuracy of that description. My personal opinion is that the Masters of the Universe have been picking all our pockets for a long time via GWB policy, enabled by Clinton's signing of the repeal of Glass-Steagall etc.

I sometimes wonder if the financial crisis wasn't engineered to tie Obama's hands when he entered office; after all, he came in promising to reign them in; it could be that the crisis was sparked specifically so that he wouldn't be able to.