"We are in the midst of a recession caused by reducing taxes on the wealthy, their investment in hedge funds, the collapse of the financial structure due to that greed, Obama having to bail out the wealthy, wars fought on money Obama is expected to raise, and someone still believes that disastrous course should be followed."

"Tax cuts for the wealthy, sold as job creation snake oil, brought us here. And we need more of this?"

Be careful not to merge tax rates and mortgage funds into the same bucket. The latter caused an economic crash. The former did not.

As far as "snake oil" is concerned, I've pointed out more than once that the tax rates right this minute, with the current employment situation, are exactly what they were back in 2008 when there were 6.6 million more payroll jobs than there are now, and 5.5 million more than at the peak of the 90s in 2001. I'm not seeing a lot of actual causality issues here.

As far as "tax cuts for the wealthy" are concerned, Obama let the cat out of the bag when he extended all of the rates. Turns out the vast majority of those tax cuts were going to those making under $250,000. By a factor of over four times. It wasn't "tax cuts for the wealthy." Never was. You can play with the combinations here.