I can agree there. There was no conservative legislation in DC since W decided to team up with the likes of Ted "the Swimmer" Kennedy and others on NCLB and the vast Medicare expansion. However, constitutionally - legislation comes out of Congress, not the White House.
Conservatives and limited government Republicans don't see what you call the "economic divide" as any business of politicians.
When I graduated college I owned a 5 yo car and nothing else. Today, after years of hard work, I am a successful small business owner. You Dems want to think that somehow it was just the luck of the draw. The reason for that is that those who are wealthy in your party either inherited their wealth (Kennedy), married it (Pelosi, Kerry), or are using their to take away others' wealth (Soros, Gates, Buffet, Turner). Whereas, Republicans (the conservative type) know that much wealth is self-made and that if you put in the effort, you should be rewarded.
We did get tax cuts for all, however, leading to this booming economy. Give Bush a lot of credit for that one. If left up to your party we'd still be bumping along the bottom. Remember, people who don't pay taxes can't get a tax cut.
When I graduated college I lived in my car as I tried to make my way. So we have that sort of in common.
I'm not opposed to all of the tax cut. But I'd definitely repeal the cuts for the upper 2% as well as repeal the capital gains tax cut. Service on the national debt is yet again growing to be the single biggest non-investment expenditure by government. Just as living your life on credit cards doesn't make sense, neither does excessive debt carried by the government. Given that we are spending what we are on the war, you can't reduce that debt without gaining additional revenue by repealing parts of the tax cuts.
The economic divide is real. We are at a 0% savings rate as a nation. The proportion of those who live paycheck-to-paycheck has grown. The proportion of those who are underemployed has grown. The proportion without health care has grown. Bankrupticies have grown. Foreclosures are beginning to grow. And this isn't the investment class with these problems - it's the working middle class who are a trip to the doctor's away from being in serious trouble. This will have a cost, and it's better to avoid it rather than incur it.