Thank you for this. I had not thought that conditions now are so different from when Republicans enacted earlier tax cuts that they might now have little effect.

But I do wish, as a person who presumably possesses a good overview knowledge of economics, you had explained the Keynesian v. monetarist debate and went into a bit of detail as to where that debate stands among economists today.

Or have you already written that article, and just published it elsewhere? If so, please tell me where.

diana:

I am afraid the crowd here is not into the depth of knowledge you wish to hear. Best Places to seek that knowlege out? Angry Bear, Economist's View, Calculated Risk, Seeking Alpha, and "The Bottom Line" here. You will find Waldman, Houghton, Kling, DeLong, Thoma in these places.

For the record with the Fed Rate so low, a tax cut may indeed create an issue of needing a rate increase later on in the year. Best all around methodology is to increase gov spending in targeted areas rather than a "shotgun" tax cut approach. You have to remember the ideology of the Repubs, "Starve the Beast."

Snow, Collins, and Spector have been a huge disappointment as politics peeks though.