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How long has the hostage situation been going on?

by: Lucy Edwards

Mon Jul 18, 2011 at 12:55:48 PM EDT

So how long has it been that we have been being told the tax cuts for millionaires and billionaires create jobs? About 30 years is what I figure. Looks like the Nashua Telegraph is getting the picture too.

Both the Bureau of Labor Statistics and the Tax Policy Center show that for the past 60 years, whenever tax rates were the highest, more jobs were created than when the tax rates were the lowest, as they are now.
Also, the wealthy and big corporations have billions of dollars in cash but are not using it to make more jobs. Yet Boehner argues that if they get more money, they will create jobs.

Lucy Edwards :: How long has the hostage situation been going on?

And at the end of the article they go there:

At this point it is hard to figure out anybody else to blame but those Republicans who have decided, apparently, that it doesn't matter who gets hurt as long as they get rid of President Barack Obama.
It is childish, and it is dangerous, and a lot of innocent people are going to suffer.

So, where are we? We are at the point where 3 of our four NH representatives in Congress are apparently willing to not only refuse to raise taxes on the wealthiest Americans, but crash the economy, cut the safety net, and hurt their fellow citizens, all to try to win an election. I don't know about you but I don't find this acceptable.

Tags: jobs, Taxes, GOP, economic myths, (All Tags)

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How long has the hostage situation been going on? | 2 comments

We assume that "just say 'no'" is a principled position. (0.00 / 0)

But what if it's just the last refuge of the terrified -- the equivalent of shutting one's eyes, sticking one's fingers in one's ears and chanting a nonsense rhyme?

One thing that's always bothered me during three decades of clamor for free trade is that taking off tariffs and removing quantity restrictions has never registered as an increase in quality or a reduction in price to the consumer. So, the question is where did the reduction in labor costs that wasn't eaten up by increased transportation costs go? And the answer, quite clearly, is into the pockets of the middlemen/traders/factors of old.

Which leads me to the conclusion that I'd really prefer if they just stuck to trading paper and speculating on derivatives.

by: hannah @ Tue Jul 19, 2011 at 18:11:11 PM UTC