The theory was that the Bush tax cuts for the top end of the economic strata would be invested in enterprises that would create jobs for Americans. The old “trickle down” premise originating in Reagan administration. Depending on your political philosophy this was referred to as “Supply Side Economics” or “Voodoo Economics”. The following questions occurred to me: How much of the Bush tax cuts actually went to creating American jobs? How much vanished into the black hole of the real estate bubble? How much disappeared into the abyss of the Madoff scandal? How much was invested in enterprises that shipped jobs overseas? How much was hidden in off shore accounts? How much was invested in takeovers and mergers that eliminated jobs?
