I think I'll listen to the Nobel Prize Winner in Economics (specifically won for his work on deconstructing the business cycle) who says that not only were Bush's tax cuts good for the economy, but he didn't go far enough!

Edward Prescott, who picked up the Nobel Prize for Economics, said President George W. Bush (news - web sites)'s tax rate cuts were "pretty small" and should have been bigger.

"What Bush has done has been not very big, it's pretty small," Prescott told CNBC financial news television.

"Tax rates were not cut enough," he said.

Lower tax rates provided an incentive to work, Prescott said.