Wednesday, June 6, 2012
Doing A Job On Us
The above chart (which embiggins by imclickens) demonstrates the lie in The Rominee's argument about job creation, one that ought to be obvious to anyone who gives it a moment's thought. One that I've pointed out here many times, to which my libertarian readers have never provided disproof: businesses won't hire people, no matter the so-called incentives, unless there's a demand for their product. You don't create jobs by lowering taxes and getting rid of regulations: you create jobs by creating jobs! And for a government, that means investing money in needed projects. Building roads and bridges, repairing dams, giving states help hiring teachers and cops, and, yes, investing in new technologies. And then, also obvious as a dog on a roof, there'll be more people with money to buy other stuff, and businesses who make that stuff will start hiring. It's not high-order economic theory. It's accessible by anyone capable of marking a ballot.
And then, by golly, at some point you gotta pay for that government spending; which means increasing revenue. Because cutting spending alone not only won't do it without dissolving government, it has the perverse effect of increasing unemployment.
Sadly, the taking of a moment's thought is exactly what Rs want the public to avoid, which is why they constantly bombard their huddling sheep with distractions and lies (check it out!), and by creating an image of President Obama that bears no resemblance to reality, any more than their economic proposals do.
Public thought -- even a moment's worth, if it's based on reality -- is anathema to R strategists. So they keep pumping the handle of tax cuts and deregulation, loudly, hoping against hope that the noise will, once again, drown out the simple truth. And, given the power of concentrated lying against disorganized honesty, it probably will.