It’s a lack of demand, stupid…

Well…I had to laugh the other day when the repubs continued to push tax cuts as the only way to create jobs here in the US….and you’ve heard me talk about how boneheaded that is considering the excess capacity that exists in the economy. Corporations will not add one job when there is no demand for the products that that job will create…and lowering taxes, even to zero, will do nothing to create that demand. What is the mechanism that tax cuts use to create jobs? I’ve never heard that described by any of the repub idiots out there…but they don’t believe in the science of economics any more than they believe in the science of evolution so why should anyone be surprised? I still think that the lack of demand in this economy is the direct result of the collusion between the repubs and business to cut the real wages of working people by making them compete with overseas workers that earn a dollar an hour and by the union bashing that is one of the central tenets of the repub philosophy. I’ll ask the same question I’ve asked many times before…”who is going to buy your 40 thousand dollar Suburban when everyone is making minimum wage?” Geez….

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