A recent L.L. Bean catalog features a timeline of noteworthy events in the company's history. The most recent event illustrates what a crock the whole Republican "Job Creators create more jobs when they get bigger tax breaks" talking point is. Follow me over the Fleur du Kos to see why.
In the company timeline in their Fall 2012 catalog, L.L. Bean proudly proclaims that in 2012,
Due to an unprecedented surge in popularity, L.L. Bean hires 125 more workers to make L.L. Bean boots in order to keep pace with brisk sales. We expect to see more L.L. Bean boots in 2012 than ever before.
See that? L.L. Bean created 125 new jobs this year. However, they did not hire more people because they got bigger tax breaks. No, L.L. Bean added 125 new employees
due to demand for their products!
This is how businesses function. Companies hire people when they need work done that their current employees are unable to do. They don't hire more people because they have money in their bank accounts. After all, why would they? What rational business person would seriously contemplate upon noting a surplus of cash in the bank, "Perhaps I should spend this newfound bounty on more employees even though I don't need them?" (Hint: none).
When businesses do need more people or equipment but don't have enough money on hand to pay for them, they still manage to do so by taking out loans with banks or selling stock. I know this isn't exactly news to most here in the reality-based community, but to the inhalers of the Fox News/Republican glue, it's apparently a radical concept.