Even the WSJ knows it’s the working class that creates jobs

Thom Hartmann: Time to blow a hole in the Republican argument that millionaires and billionaires are the job creators in America.  Even the Wall Street Journal is questioning the logic after a survey of 53 economists – in which the majority concluded that it wasn’t “lack of certainty” in Washington that’s preventing CEOs from hiring – but instead it’s lack of demand on Main Street.  Time and time again – Republicans argue that we need to give rich people money through tax cuts so that they can go out and hire more people.  Yet today – with tax rates for the rich at their lowest levels in 50 years – unemployment is still tragically high.  Why is that?  Because rich people aren’t job creators!  It’s the people who spend money – those in the working class – who are the actual job creators.  As most economists point out – if people are spending money – then demand goes up – and CEOs have no other choice but to hire more people to make products to meet that demand.  That’s why a debt-limit deal that’s made up of spending cuts that take money out of the pockets of working class Americans is not good for the economy – it’s harming our nation’s REAL job creators!  It’s time for our lawmakers to take an Econ 101 class.

About James Crist

How do we stop America's decline? The country is in trouble and we can all feel it. Where did we go wrong? How do we fix it? We now have an auction-based government, for sale to the highest bidder. Politicians have become nothing more than corporate whores and pawns for the rich. If we want our representatives to represent us, let them get their campaign money from us, their constituents. We have to amend the constitution to get the big money out of politics.
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