Yes, an ignorant (or more likely partisan) writer named James Pethokoukis at U.S. News & World Report actually tries to make the argument that the rich are suffering.
Sometimes I can only shake my head and wonder how many shekels it takes for these people to whore themselves out. If there were any question about his loyalties, his bio says he frequently appears on Kudlow & Company.
That would be Larry Kudlow. Oh, you don't know who he is you say. Well just read this small section of his bio, and play a game. It's called: How many right wing organizations can I find?
He was a member of the board of directors of Empower America, a supply-side economics organization founded in 1993 and merged in 2004 with the Citizens for a Sound Economy to form FreedomWorks. Kudlow is also consulting chief economist for American Skandia Life Assurance, Inc., in Connecticut, a subsidiary of insurance giant Prudential Financial.Oh and he also cheats at tennis, or so my uncle says (and what's up with belonging to "The National Women's Republican Club," I mean it's been a while since I took high school biology, but, um, doesn't having a penis preclude you from being a woman--not counting Ann Coulter of course).
He has also contributed to the Wall Street Journal, the Washington Times, the Cato Journal of the Cato Institute and the City Journal of the Manhattan Institute for Policy Research, as well as the television shows The McLaughlin Group, and has appeared as a guest on The NewsHour with Jim Lehrer and on Wall Street Week. Kudlow's book American Abundance: The New Economic and Moral Prosperity (ISBN 0-8281-1117-0) was published by HarperCollins on December 1, 1997.
Kudlow belongs to the Union League Club of New York, the Princeton Club, the Capitol Hill Club and the National Women’s Republican Club, and co-founded the Club for Growth. He also serves as a member of the Fordham University board of trustees.
In any case, luckily we have Ian to expose the silliness of Mr. Pethokoukis' piece.