LOL. Shep Smith on Fox is questioning Andy Card's defense of tax cuts for the rich
Shep brought up the income gap, and then, as Card kept talking about jobs being created by the tax cuts, pointed out quietly that the tax cuts haven't helped so far.
We have had a complete decade of corporate tax cuts and yet the job losses have been historic...Supply side economics has been proved to be complete BS. Give one solid example where what you say has proved to be true...Please.
5. only in countries where labor is dirt-cheap, like China, India, Indonesia, Vietnam, etc.
Edited on Wed Apr-13-11 03:03 PM by kysrsoze
That does NOT happen in the U.S. Those dollars go right back to the shareholders and higher-ups. G.E. is a perfect example. Huge bonus for the CEO, while he asks for concessions from 15K U.S. workers.
8. Apparently, it takes time for the jobs to materialize
Holding your breath is not advised. We're talking lots of time. Deep time. Time to form planets out of cosmic dust time. Time for dinosaurs to evolve, dominate, go extinct and turn into fossil fuel time. You just have to be patient.
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