The supply side won

Tom Toles' commentary:

If you took conservatives at their word, they would be calling for more taxes on the wealthy now, which is only one of the reasons we don't take conservatives at their word.

Think back to the whole premise behind the tax cut religion. The supply-side of the economy was out of balance! Too much money was being driven into consumption and there was not enough capital left over to invest! Whether or not this ever made sense is beside the point; it was their explanation, and let's see where things stand today. The rich have so much money to invest that they can't figure out what to do with it all. Bubbles would be nice! Let's have some bubbles, because we can make even MORE money riding them up, and the government catches us on the way down! Corporations are sitting on MOUNTAINS of unused cash. Their emperor-sized mattresses can't HOLD anymore! But they hesitate to invest it because....CONSUMERS HAVE NO MONEY TO SPEND!

And so? And so? And so? And so the supply-side is out of balance again, but the other way around! But conservatives aren't SAYING THAT! Maybe their supply-side theory was JUST MADE UP to get more money to the rich! You think maybe?