(07-10-2012 06:26 AM)NJMaverick Wrote: why the hell haven't they created any jobs for the past 4 years as they have enjoyed HUGE George Bush tax cuts????
The truth is the GOP is lying. The middle and lower class are the job creators. Help them earn more and they buy more, which is what really creates jobs.
In the economic equation of supply and demand there is no mention of "job creation" out of thin air. The single most important part of the equation is demand.
If I create a widget and produce 1 million of them but can only sell 100,000 because of a lack of demand I don't hire new employees to produce more widgets. If on the other hand I only produce 100,000 and suddenly orders come in for 1 million I must hire more people and maybe even buy more machinery to produce those 1 million.
Of course that is self evident to anyone with a rudimentary knowledge of how an economy works and nobody reading this needed that last paragraph. The unfortunate thing in today's America is that many many people have been propagandized into believing this simple fact is a lie and that only the wealthy can create jobs, apparently without regard to simple economic rules. They will do so simply because they will not be taxed.
We have fallen down the rabbit hole with Alice and the wealthy are trying to barricade the exits.