They know how to recycle the Myth -- that More Tax Cut to the Rich, will Create Jobs.
They know how to recycle last year's 'Pledge', into a brand new 'Plan' ...
House Republicans unveil 'The Plan for America's Job Creators'
by Jackie Headapohl, MLive.com -- May 26, 2011
Republican leaders in the U.S. House of Representatives unveiled their new jobs plan today, "The Plan for America's Jobs Creators."
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The plan includes:
-- Setting a 25 percent top tax rate on corporations and individuals, compared to the current 35 percent
-- New limits on government regulations, including congressional review and approval of any regulations that have a "significant impact on the economy or burden small business"
-- Incentives to encourage more domestic energy production
-- A plan to to allow U.S. companies to bring back profits from overseas without paying an extra tax
-- Passing free-trade agreements with Colombia, Panama and South Korea
-- Modernizing the nation’s patent system
Many of these same ideas were revealed last year in the GOP's Pledge to America.
This is HOW they plan to get Americans back to work?
By planning to to re-pledge their same old, tired retreads?
By giving those hypothetical "Job Creators" -- EVEN MORE Incentives to ship their Jobs overseas ?
Too bad the GOP has forgotten how to Recycle basic Econ 101 concepts ...
National view: The rich must have constant coddling — or they won't survive
by: Tina Dupuy, for the Duluth News Tribune -- June 01, 2011
What creates jobs? Demand. You and me and all the other unwashed masses demanding a product or service forces businesses to hire more people. It’s not “the rich” out of the goodness of their hearts hiring poor slobs to help them out. It’s a simple Econ 101 staple: supply and demand.
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We want; they deliver. Basic economics. Basis of civilization.
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So why treat “the rich” as some fragile group of demigod humanitarians who will wither if ever subjected to a tax increase? Republicans act like taxes are the kryptonite/Achilles' heel/Samson haircut to their mythical hero job creators. Americans are noted for being resilient, hardy and enduring people. But the rich must have constant coddling, or they won’t survive?
Here's what REALLY "creates jobs" ... Hint: it's NOT their lullaby Tax Cuts serenades ... to their boot-strap-less billionaires.
Job Creators Don’t Need Money to Create Jobs, They Need Customers
by Matthew Yglesias, thinkprogress.org -- Dec 1, 2010
A job creator is basically a businessman with an idea. If it’s a good idea, a business based around his idea will attract customers. And if it attracts customers, he’ll hire employees to serve those customers’ needs. This is where growth comes from.
But a businessman with a good idea who needs capital doesn’t need a tax cut to get that capital, he needs a loan or an equity investment. This is what we have a financial system for.
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The thing of it is, though, that your idea really only works if you have some customers.
If Tax Cuts and Tax Breaks to the Wealthy actually "created jobs" -- we ought to be swimming in Job Opportunities by now -- So What Happened?
What do hedge funds contribute to the economy for their favored treatment?
Commentary by C.W. Griffin -- April 23, 2011
Hedge-fund managers' pay hit a new record in 2010, magnifying a tax-cut racket accurately described as legalized theft. Led by John Paulson at $4.9 billion, the top 25 managers pocketed $22 billion. Their ludicrous tax loophole cost other taxpayers $4 billion for just those few managers. Overall it probably cost $20 billion.
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What do hedge funds contribute to the economy for their favored treatment? Vulture capitalism is a major hedge-fund practice. They buy companies with debt that finances their huge (20-percent) fees, unload workers, and then return the companies to public markets.
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The claim that hedge funds create jobs is a sick joke. Hedge funds proliferated during the Bush 43 administration. In Bush's eight years the economy lost 700,000 private-sector jobs. Under Clinton, when hedge funds were fewer and less active, the U.S. gained 21 million jobs. Hedge funds destroy jobs, through outsourcing designed to cut corporate taxes.
So What Happened?
In reality, Tax Cuts and Tax Breaks to the Wealthy -- simply create wealthier Bank Accounts, Not millions of Job opportunities.
And according to the GOP, what their Hedge Fund Billionaire buddies really need, is even MORE Tax Cuts, to STOP them from driving the Economy EVER closer to that proverbial cliff.
We would be wise, to often remember the Lessons of the last decade however ... when it comes to "helping out" little-old Wall Street, to do the right thing:
THEY get all the Gains -- While WE get all the Pains!
So tell me again why cash-flush Fortune 500 Corporations need even MORE Tax Cuts, to coax them to get the Economy moving again?
Just because Republicans have the nerve to keep Recycling their tired myths about incentivizing the Job Creators, to perhaps quell their boot-shaking Uncertainty ...
Just because they say it over, and over, and over again -- DOES NOT MAKE IT True!
What the Real Job Creators in society (small businesses), really need -- is MORE Customers.
Period.
It's just simple Economics 101. Without Customers there ARE NO lasting jobs.
The market for those recycled GOP Job-Creating fairy tales, should be about played out by now. The "customers" for their tall tales, have gotten a rude awaken, from a little thing called Reality. And Reality is telling an entirely different story.