I think there are a lot of great points here, and overall, I think the tax cuts were probably effective in limiting and postponing the economic meltdown. Whether or not you agree with tax cuts or the implications, there was no stopping the meltdown. The 20 people in the world that really understood the mortgage backed securities didn't invest in them and are probably wealthier than ever. But if we hadn't had that increased spending power throughout that mess, more businesses would have went out of business and more people would have been unemployed!
Minor in Economics.....
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