posted on Oct, 5 2012 @ 12:59 PM
The majority don't understand jack about economics. They like to talk like they do byt they don't. People are obsessed with the unemployment
numbers as if they are the de facto measurement of the economic situation in the country. That's crap. First, employment is a lagging indicator.
Despite what the conservatives and GOP would have you believe, lower tax rates don't create jobs. Look it up. The data is there going back to
forever. Demand create's jobs. Demand first, jobs follow.
What THEY want you to believe is that if we lower tax rates on businesses, those businesses will say, 'Gee, I have lower taxes. I think I'll hire a
bunch of workers.' That's absurd. As demand for that business' goods/services increase they will: 1. Have their existing staff work harder
and/or double-up responsibilities; 2. Push overtime 3. Hire temps and then only when they are confident that they are not going to be able to
continue to meet demand, hire.
But that demand has to have been going on for awhile in order to impact employment figures in any meaningful way and it has to be across sectors.
We've already seen encouraging signs: housing starts are trending up; Baltic Dry is trending up; housing prices have stabilized and are trending
up. Consumer spending began to tank in early 2008 and although weak and fragile has slowly trended upwards since it bottomed-out in early 2009.
Like it or not we're part of a global economy. Look around the world. Yea, things aren't even close to where we'd like them to be and for someone
unemployed (I lost a successful 10yr business in 2008 that was doing very well and was then unemployed for 2yrs). It sucks. But overall things are
moving upward. Employment will follow as long as we don't get sucked into another war or something else craps-out. The GOP have a vested interest
in making people believe that we are somehow insulated from the larger global economy and all we need to do is snap our fingers and everything will be
all Clinton-era again. That's crap. And they know it's crap. But people buy it so they keep saying it.