But now McCain is learning the hard way, even if he won't yet admit it, that the Reagan playbook's time has come and gone. The old Republican trick was to lie about taxes: Democrats would raise everybody's and Republicans would cut everybody?s. (In reality, Republican largesse meant the millionaire reaped a windfall while the waitress got pennies and the public debt soared.) McCain has resuscitated that canard, making the case against Obama's progressive tax policy. But he'll lose the argument?and the Presidency?because the Republican era of wholesale deregulation and the redistribution of wealth, upward, is over. ~~ Robert Shrum
http://www.theweek.com/article/index/90147/3/End_Times_for_Reaganism