re: !
Bush tried tax cuts twice and both failed.
Your premise is incorrect. The years after the tax cuts were marked by increasing employment, increasing revenues, and shrinking deficits.
The housing and mortgage market folded up last year and screwed a lot of other things up, but you'd have a hard time connecting that consequence to income and business tax cuts, or for that matter, Federal spending levels.
In other words, tax cuts work on revenues and deficits, but don't fix housing bubbles.
This is what's coming up. Note that this chart is based on Obama's optimistic predictions on future GDP growth and ever-increasing taxes increasing revenue.