Am I Missing Something?

Am I Missing Something?     

On December 5, 2012, Jack Shakely wrote in the L.A. Times:

       "In February 2003, 450 economists, including 10 of the 24 living Nobel laureates in economics, made a public plea to President George W. Bush not to enact the recent tax cuts passed by Congress. These tax cuts, officially called the Jobs and Growth Tax Relief Reconciliation Act of 2003 but forever known as the Bush-era tax cuts, would not do what they promised, the economists argued. Instead, they said, the cuts would "worsen the budget deficit, increase inequality, decrease the ability of the U.S. government to fund essential services, while failing to produce economic growth."

        In the nearly 10 years that have elapsed since that plea, the budget deficit has ballooned, the gap between the wealthy and the middle class has expanded, and the American economy has spiraled into the greatest decline since the Depression. History has proved that the 450 economists were correct. On Dec. 31, these same Bush-era tax cuts are set to expire. This, we are told in hushed or hysterical tones, could push the American economy off a "fiscal cliff.""

After reading these paragraphs I have to ask myself: am I missing something here? Is there a hidden meaning, a subtle sub-text, an encoded message that only the chosen few, all Republicans, can successfully interpret?

I think not.

A tax policy that has failed so egregiously deserves to die.