He does has a (somewhat) valid point about anticipated future government borrowing influncing current long term bond rates, which chokes off current corporate financing, which slows growth now.

But in my opinion he's overstated the case in blaming the tax cuts as the principal reason. There's a good half-dozen, or even a dozen reasons why we're in recession, and why the growth out of recession will be slower than in previous downturns.

A year ago everybody, even Democrats, though tax cuts were a great idea. They were just arguing about exactly how much, and for whom.

And a year from now, when moderate 2-3% economic growth has returned, the future budget projections will be rosier, the tax cuts will look like they were a pretty good idea, and we won't even remember this conversation!