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Consider proposed cuts in taxes and regulation, which nearly every GOP candidate is pushing in the name of creating jobs. The initiatives seem to ignore surveys in which employers cite far bigger impediments to increased hiring, chiefly slack consumer demand.
Republicans favor tax cuts for the wealthy and corporations, but these had no stimulative effect during the George W. Bush administration, and there is no reason to believe that more of them will have any today, writes Bruce Bartlett. Hes an economist who worked for Republican congressmen and in the administrations of Presidents Ronald Reagan and George H.W. Bush.
As for the idea that cutting regulations will lead to significant job growth, Bartlett said in an interview, Its just nonsense. Its just made up.
Government and industry studies support his view.
The Bureau of Labor Statistics, which tracks companies reasons for large layoffs, found that 1,119 layoffs were attributed to government regulations in the first half of this year, while 144,746 were attributed to poor business demand.
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Studies challenge wisdom of GOP candidates’ plans - The Washington Post
Consider proposed cuts in taxes and regulation, which nearly every GOP candidate is pushing in the name of creating jobs. The initiatives seem to ignore surveys in which employers cite far bigger impediments to increased hiring, chiefly slack consumer demand.
Republicans favor tax cuts for the wealthy and corporations, but these had no stimulative effect during the George W. Bush administration, and there is no reason to believe that more of them will have any today, writes Bruce Bartlett. Hes an economist who worked for Republican congressmen and in the administrations of Presidents Ronald Reagan and George H.W. Bush.
The rest of the link in very informative and backed by facts, the kryptonite of right wing ideology.
More:
As for the idea that cutting regulations will lead to significant job growth, Bartlett said in an interview, Its just nonsense. Its just made up.
Government and industry studies support his view.
The Bureau of Labor Statistics, which tracks companies reasons for large layoffs, found that 1,119 layoffs were attributed to government regulations in the first half of this year, while 144,746 were attributed to poor business demand.
RIP rightwing talking points.
Studies challenge wisdom of GOP candidates’ plans - The Washington Post
Consider proposed cuts in taxes and regulation, which nearly every GOP candidate is pushing in the name of creating jobs. The initiatives seem to ignore surveys in which employers cite far bigger impediments to increased hiring, chiefly slack consumer demand.
Republicans favor tax cuts for the wealthy and corporations, but these had no stimulative effect during the George W. Bush administration, and there is no reason to believe that more of them will have any today, writes Bruce Bartlett. Hes an economist who worked for Republican congressmen and in the administrations of Presidents Ronald Reagan and George H.W. Bush.
The rest of the link in very informative and backed by facts, the kryptonite of right wing ideology.
More:
As for the idea that cutting regulations will lead to significant job growth, Bartlett said in an interview, Its just nonsense. Its just made up.
Government and industry studies support his view.
The Bureau of Labor Statistics, which tracks companies reasons for large layoffs, found that 1,119 layoffs were attributed to government regulations in the first half of this year, while 144,746 were attributed to poor business demand.
RIP rightwing talking points.
With over $2 trillion in cash laying around, more tax cuts will not do anything to increase investment. The problem is demand, plain and simple. More tax breaks for the rich are not going to create more demand.
Those on the right will explain to us how the Bush tax cuts helped to create millions of jobs, but the fact is that what the Bush tax cuts did was to help create the housing bubble, which is what kept demand high. As people were borrowing against the ever increasing value of their homes, it did create more demand for goods and services. Problem is that the bubble burst and so did demand. We really need to look for some different and more effective solutions. The simpleton answer to cut taxes and everything will be fine is not cutting it.
Many existing businesses, however, have plenty of unspent cash. The 500 companies that comprise the S&P index have about $800 billion in cash and cash equivalents, the most ever, according to the research firm Birinyi Associates.
The rating firm Moodys says the roughly 1,600 companies it monitors had $1.2 trillion in cash at the end of 2010. Thats 11 percent more than a year earlier.
