| cross posted at Take19
"To me, the best thing the federal govenrment [sic] can do is stop trying to create jobs," [Nan] Hayworth, a Republican representing the 19th Congressional District, said before a crowd of business leaders. http://bit.ly/eONCWe
The biggest job killer is the huge shift in wealth from the middle class to the top 1% which has occurred over the last 30 years. Right wing pundits constantly chime "class warfare," but the American middle class is far more productive now than ever in the past and yet their incomes have declined. We are getting ripped off! Since most people have less to spend as compared to what they produce, they are unable to buy the equivalent of what they produce. Eventually, that means that workers get laid off.
The shift in wealth comes from tax cutting at the top, and government cuts to things that matter to middle class Americans, such as education, health care and infrastructure, just to name a few.
Ms.Hayworth wants to believe that the best job creation comes from the American entrepreneurial spirit. (As GW Bush liked to say, "The problem with the French is they don't have a word for entrepreneur."). But even entrepreneurs need a market to sell their creative ideas and widgets. If only the top 1% have discretionary spending money, there is no market to sell to. How many iPads can the Hayworth household consume? |
