January 2, 2014

The Stock Market Soared In 2013, So Where Are The Jobs?

Free-market capitalists, which apparently is just about any Republican these days, tell us government is too burdensome to businesses and we need to cut taxes. Their standard message for how to get the economy moving is to cut taxes and get government out of the way. There’s just one problem, the economy, at least as measured by the major stock indexes, finished 2013 with tremendous gains, and that means the personal economy of so-called “job creators” is doing quite well. How’s your personal economy coming along?

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December 3, 2013

Robust Consumer Demand Creates Jobs, And Jules From Pulp Fiction Agrees

You know what I’ve had just about enough of? Pipe dreams sold to the masses by the narcissism fueled by greed and wealth. Or in other words, I’m tired of hearing the phrase “job creators” and I’m both fatigued and annoyed every time I hear someone say the wealthy create jobs. And I’m overcome by a fierce rage when I hear yet another gutless politician say we need to give more tax breaks to companies and individuals who are already hoarding large sums of cash so that maybe, just maybe out of the kindness of their gold lined hearts they might see it fit to create a job or two. But oh yeah, then reality intrudes, and I’m reminded that they aren’t going to create those jobs if there isn’t the demand to justify those positions in the first place.

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October 7, 2012

A Survey Of Small Business Owners Shows Demand Is Key To The Economy

On Sunday’s Up with Chris Hayes, they displayed a graphic showing the results of a survey of small business owners. The survey was conducted by Wells Fargo and the Gallup Small Business Index on September 13, 2012. The context is hiring concerns. What are small business owners thinking about and looking for when it comes to hiring more workers? — Remember, Republican presidential candidate Mitt Romney (and his entire party) believe the biggest concern for small businesses is government regulations and taxation. This survey reveals otherwise:

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May 26, 2012

Video: ‘Death Spiral Of Falling Demand’ – Venture Capitalist Nick Hanauer On Viewpoint with Eliot Spitzer

Venture capitalist Nick Hanauer explains why people create the demand which then creates the jobs. He says he makes 1000 times more than the average worker but that doesn’t translate to 1000 times the consumerism of the average worker. He can’t makeup the difference. So with more wealth accumulating within a small pool of wealthy people, that means less wealth spread across the rest of the country. It means less purchasing power and less demand for products and services from tens and hundreds of millions of Americans. This is why supply side (trickle down) economics doesn’t work. We’ve tried it for 30 years. How many more years do we need to continue failed economic policy before we wake up and realize it will never work?

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