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Doesn't "jobless recovery" prove what we've been saying...

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vi5 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-05-03 06:56 PM
Original message
Doesn't "jobless recovery" prove what we've been saying...
They pitch tax cuts on the notion that if the wealthy have money then they spend that money and if companies both get that money through sales and also through their own tax breaks, then the magnanimous big corporations will then create more jobs and hire more people. It's obvious to anyone with a brain that this is bunk in reality.

Well doesn't the concept of a "jobless recovery" prove this out? Companies are making money, stocks may be on the rise, but jobs continue to be shed like a snakes skin.

The more important question is, when will people put two and two together?
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mhr Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-05-03 06:59 PM
Response to Original message
1. The Fed Says - Job-Loss Recovery
It is even worse than you suggested.

The following quote says it all.

``This is a job-loss recovery'' from the recession that ended in November 2001, Federal Reserve Governor Ben S. Bernanke told a Bloomberg News economics forum yesterday. Compared with the so-called jobless recovery after 1991, ``it's a much bigger episode in terms of lost jobs and offsetting productivity gains.''

http://www.bloomberg.com/news/economy/economies.html#
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0007 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-05-03 07:06 PM
Response to Original message
2. Because the majority of the folks
are brainwashed by the whore networks.

Ross Perot was right about one thing and that was the hugh sucking sound
that we hear now. LOL!!

Listen meathead, "your either with us or against us". Everyone wants to be a good American, right?

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wuushew Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-05-03 07:08 PM
Response to Reply #2
4. Even though Perot was right
Remember how he always said how the government should be run like a business. Thanks to shrub no business man can ever run on that slogan again.
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priller Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-05-03 07:07 PM
Response to Original message
3. David Stockton long ago admitted
that Supply-Side Economics was a "trojan horse" to bringing about lower tax rates on the upper class. It's total horseshit as an economic theory, and the only one's who don't know that are the idiot right-wing apologists and addled true believers like Kudlow. Even the Bushies' changing rationales for the tax cut show that the only thing important to them was the tax cut, regardless of the consequences.
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