The term Banana Republic was applied both by Paul Krugman and Bernie Sanders to describe Obama's tax cut deal with Republican senators.
Make no mistake about it, it has been proven over and over that tax cuts for the extreme wealthy do not stimulate an economy. Instead, they discourage long term targeted investment, encouraging destructive short term speculations instead, creating the bubble economies that have persisted since the Reagan tax cuts of 1981.
If there is to be any hope for the United States, we must make this our milestone, as Texas settlers did with their defeat The Alamo.
Remember December 17th as Banana Republic day.