From Newsmax:

White House economist Austan Goolsbee says that the "people at the commanding heights of the economy," aka, rich people, benefited inordinately from tax cuts during the Bush administration, thus creating an imbalance in the economic order which ultimately led to the current, global financial crisis.

Goolsbee, a former University of Chicago professor and now an economic adviser to President Obama's, told Fox News that during the Bush era people with incomes over $250,000 per year received "trillions of dollars of tax cuts, while the middle class was squeezed like never before."

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Read the Wikipedia entry for Mr. Academia Austan Goolsbee here...