Twice before companies were given a tax holiday by Republicans hoping they would bring the money back and use it to invest in American companies.
Instead, it went into investors accounts and just sat there. No new jobs were created. We have been duped by that twice. I guess third time is the charm.
What is needed is some new creativity. To get people with imagination into positions. Not just money movers and money counters.
Twice before companies were given a tax holiday by Republicans hoping they would bring the money back and use it to invest in American companies.
Instead, it went into investors accounts and just sat there.
Companies brought money back, paid the tax on it and gave it to their shareholders.
I can see why that makes you sad.
No new jobs were created.
People had more money but no jobs were created?
You should retake that Econ 101 class you failed.
Share holders had more money which they banked. No jobs were created.
Share holders had more money which they banked.
Every shareholder banked every dollar they received?
Well at least they paid taxes on it first.
No jobs were created.
People putting more money in the bank doesn't create jobs?
What about when people took that money and repaid debt?
Maybe their own personal debt. But when Republicans, using reconciliation, passed the Bush Tax Cuts for the rich, it took away an enormous source of revenue. Not just during Bush's term, but also through Obama's.
Then the 43,000 factories that left under Bush and suddenly, the US has enormous debt. And very limited revenue streams.
Of course, add in the cost of Iraq and the trillions spent.
And Republicans blame every bit of it on Obama.