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"The Real Job Creators" by Joan Walsh at Salon
http://www.salon.com/2012/05/04/the_real_job_creators/?source=newsletterThe Real Job Creators
Consumers, not the wealthy, are the key to an economic rebound, and GOP austerity is shackling them
by Joan Walsh at Salon
"SNIP....................................
Republicans have made it official: The wealthy must be called the job creators in any debate about tax policy. Democrats are playing their own word games: Centrists insist the 2012 campaign shouldnt focus on income inequality, or whether the worst concentration of riches since the Great Depression might have to do with what Paul Krugman has taken to calling the Lesser Depression. Income inequality is a downer, the centrists say; better to talk about growth and prosperity.
But its becoming increasingly clear that growth and prosperity are threatened by the declining share of income going to the non-wealthy over the last 35 years.
Fridays disappointing jobs report confirms that the job creators should be fired, since they only created 115,000 new jobs in April, which isnt even enough to employ new entrants to the workforce. And while the unemployment rate ticked down from 8.2 to 8.1 percent, thats only because more unemployed people gave up and left the labor market entirely. Romney advisor Eric Fehrnstrom (Mr. Etch-A-Sketch) blames President Obama, and he even pretends his candidate cares that people are so discouraged they are dropping out of the workforce all together.
Lets get one thing straight: Even with this anemic recovery, the economy under Obama has replaced all of the jobs lost under the Bush administration. NBCs Chuck Todd deserves kudos for noting to Fehrnstrom Friday that British austerity policies have sent that nation into a double-dip recession and that Mitt Romney supports the same policies. Fehrnstrom performed the standard Romney pivot whatever youre asked, insist on talking about the U.S. economy only brushing off Todds question about how Romney would improve the economy more than Obama has, with his cut, cap and balance austerity policies that have failed elsewhere.
......................................SNIP"
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"The Real Job Creators" by Joan Walsh at Salon (Original Post)
applegrove
May 2012
OP
veganlush
(2,049 posts)1. funny isn't it?
With the effective tax rate at a fifty-year low, we are already on the very medication that the right says is the cure, and have been on it for some time. What makes these people so stupid?
veganlush
(2,049 posts)2. the real job creators, or, the job creator creators
Can I Come Home
(32 posts)3. JW Rocks!
durec
Mopar151
(9,983 posts)4. Have these goobers ever heard of Herbert Hoover? n/t