Dividend Dead End

The dividend tax cut fulfills none of Bush's promises

Let's accept for the moment Jenkins' argument that the expected result of reducing taxes on dividends would be to turn dividend-paying stocks into comparative underperformers. If so, then, the Bushies have managed to turn the same trick they first performed on the whole economy on a subset of the economy. They've turned a perennial outperformer into a chronic underperformer.