Krugman on Calpundit

I miss Reagan. I never thought I'd say that, but....

Reagan lied a little bit, and his policies were often crazy, but they wouldn't do 2 -1 = 4. They'd say, if we have our tax cut we'll have this wonderful supply side thing and the economy will boom and it will pay for itself, which was a crazy theory, but it wasn't a blatant lie about the actual content of the policy.

Bush says, I've got a tax cut that's aimed at working people, ordinary working people, and then you just take a look at it and discover that most of it's coming from elimination of the estate tax and a cut in the top bracket, so it's heavily tilted toward just a handful of people at the top. It's just a flat lie about what the tax cut is.