A while ago, I demonstrated that there is an assumption which dare not speak its name underlying Republican Economic Theory (follow the link for the demonstration):
That the wealthy are inherently virtuous simply because they are wealthy. Therefore, kowtowing to the wealthy is inherently virtuous policy.
From this touching faith in the beneficence of the rich comes the Laffable Curve and voodoo economics, as well as the castration of the regulatory structure–those strategies which have worked so well to send the United States economy into a tailspin, dragging the rest of the world behind it.
The corollary which dare not speak its name is that the poor are inherently not virtuous, that they are poor because they either deserve or want to be, and therefore must be punished.
This accounts not only for the Republican Party’s opposition to unemployment payments (since obviously all those unemployed folks laid themselves off), but also for its slavering and slavish desire to cut taxes for the rich.
And I have to say, after years of championing policies that turned a record surplus into a massive deficit, the same people who didn’t have any problem spending hundreds of billions of dollars on tax breaks for the wealthiest Americans are now saying we shouldn’t offer relief to middle-class Americans like Jim or Leslie or Denise, who really need help.