During his fundraiser in Los Angeles yesterday Bush declared that "the way to create jobs is our pro-growth, pro-entrepreneur agenda."
I am not an economic wonk by any means (I went to school for film- I'm much more a media wonk,) and am trying to clear up in my head exactly what this all means. So far, my reckoning is that with the tax cuts (that help out the richest people), these rich people will take said money and start a new business. It seems much more likely that said rich person would plunk the money into the stock market or buy a sixteen-thousand dollar umbrella stand, but for a moment I'll believe it:
So John Q. Lexus gets his tax cut, and starts a business. Hires a couple of people (hooray, new jobs=growth). In the long term, though, what odds do small businesses have against the larger corporate monoliths? It seems incredibly likely to me that small businesses (stores, restaurants, etc) would get run over by a Wal-Mart, a Lowes, a McDonalds.
Can I call upon the more fiscally gifted Kossacks out there that can help me understand the tax-cuts=small businesses=more jobs theory? For payment, I can... um.... I can tell you about the similarities between Passion of the Christ and Leni Reifenstahl's propoganda films. Ah, that film major does come in handy.