Tax Cuts Create Jobs
The Way Wishes Create Ponies
POLITICIANS ARE LYING TO US
when they say the rich are America's job creators.
This is a myth from the discredited "trickle-down" economic theory created during the Reagan Administration. Here's the truth –
AMERICA'S MIDDLE CLASS ARE THE REAL JOB CREATORS IN AMERICA BECAUSE THEIR PURCHASING POWER IS WHAT MAKES OUR ECONOMY ACTUALLY WORK.
Any economics 101 class will tell you that the entire economic world is based on SUPPLY and DEMAND
DEMAND creates the need for SUPPLY
and SUPPLYING products to satisfy DEMAND creates JOBS
DEMAND CREATES JOBS
Who are the Job Creators?
And it is the Middle Class in America that has the largest demand for goods, by far. We're 60% of the population in the middle of America's economy. We buy more durable goods and big-ticket items like automobiles, eat more food, travel more air miles, buy more stuff than the 6% above us and the 34% below us. (in terms of household income; see Who is the Middle Class?)
If the rich created jobs, then when they're given tax breaks (as they certainly received with the Bush Tax Cuts) America should have increased jobs. But just the opposite actually happened – according to a Wall Street Journal article from January 9, 2009 (see table below from that Wall Street Journal article), over 23 million jobs were created during the Clinton Administration. During the Bush Administration, only 3 million jobs were created despite one of the deepest tax cuts for the top 5% of wage earners in the history of the US (and it was this tax cut that contributed to our national debt in a significant way).
The truth is - Middle Class working people, like you and me, are the real job creators in America because we buy most everything in America; it's as simple as that.
Don't believe politicians that tell you the rich are the "job creators" or that tax cuts create jobs.
You can be sure that is a "Corporate Conservative" politician
in the pocket of America';s Corporate Elite.
Politicians should be helping the Middle Class thrive since we are the engine that creates jobs in America. It's nothing personal, of course; it's just that many of our politicians are paid to hurt us by the Corporate Elite that have to pay us in one form or another. And sadly, most of us are too misinformed to see what they're really doing.
The Middle Class Political Accountability Research Center will change that.
>Reference: Wall Street Journal; January 9, 2009, Bush On Jobs: The Worst Track Record On Record
President |
Jobs Created |
Jobs at end of term |
Jobs at start of term |
Payroll Expansion |
Jobs Created per year in office |
Population Growth |
Percent Change in Population |
George W. Bush |
3.0 million |
135.5 million |
132.5 million |
2.3% |
375,000 |
22.0 million |
7.7% |
Bill Clinton |
23.1 million |
132.5 million |
109.4 million |
21.1% |
2,900,000 |
25.2 million |
8.9% |
George H.W. Bush |
2.5 million |
109.4 million |
106.9 million |
2.3% |
625,000 |
12.5 million |
4.8% |
Ronald Reagan |
16.0 million |
106.9 million |
90.9 million |
17.6% |
2,000,000 |
17.3 million |
7% |
Jimmy Carter |
10.5 million |
90.9 million |
80.4 million |
13.1% |
2,600,000 |
9.8 million |
4.3% |
Gerald Ford |
1.8 million |
80.4 million |
78.6 million |
2.3% |
745,000 |
5.1 million |
2.3% |
Richard Nixon |
9.4 million |
78.6 million |
69.2 million |
13.6% |
1,700,000 |
12.3 million |
5.7% |
Lyndon Johnson |
11.9 million |
69.2 million |
57.3 million |
20.8% |
2,300,000 |
11.3 million |
5.6% |
John F. Kennedy |
3.6 million |
57.3 million |
53.7 million |
6.7% |
1,200,000 |
8.2 million |
4.3% |
Dwight Eisenhower |
3.5 million |
53.7 million |
50.2 million |
7% |
438,000 |
23.3 million |
12.8% |
Harry Truman |
8.4 million |
50.2 million |
41.8 million |
20.1% |
1,100,000 |
N/A |
N/A |