When the US Govt takes 1 trillion dollars of our wealth to "create a job" as Obama did, then all they have done is take 1 trillion dollars (really about 800 billion) of our wealth and re distributed it
It is wealth destruction is all it is
the private sector with the right conditions can create real jobs. How many jobs would that same 800 billion create in the private sector If the those who really pay taxes were allowed to keep that wealth?
What we purchase with that wealth would create work and we would get too keep the end product, instead of it becoming part of Obama's re-election campaign fund
That is real trickle down economics made simple. Allow the tax payer to keep more of his wealth, show him you can be trusted and watch him use it to grow the economy
let me preface by saying that Obama sucks, his domestic agenda has been a disaster and his priorities were pure whackjobbery.
That being said, I think both the Left AND Right are wrong about this. Both sides just regurgitate the opinions fed to them by the THought Masters at either MSNBC or FOX - and it's all BS.
Some guy making $10,000,000 a month isn't shetting his pants over the possibility that he
might someday only make $9,800,000 a month. If he's at that level, he's smart enough to know how to avoid a couple points anyway.
We hired a new person this year. Taxes didn't affect or decision this year and guess what, it never has. Same when I headed a 200 person division of the largest privately held company in the country. You hire people when you need them.
First the mantra of the Right was "Well, govt jobs are no good! Leave those people unemployed. They'll be happier! And when the private sector is profitible again, they'll take care of all of us!" Heard that for a year. Then the reports came out. Corporate America was already profitable. More than ever.
So now it's "Well the mere fact that Obama even exists - a guy who probably won't even be in officer a year from now, is preventing those poor companies from hiring because they're just so scared!" Please. Really people? You're actually drinking that kool-aid?
Companies aren't hiring Americans because of the tax structure that has been in place for almost ten years, gives more advantages for sending jobs overseas, than for keeping them here.
Companies aren't hiring Americans because unions have driven the price of labor up way beyond the level of "fair & competitive wage".
Companies aren't hiring because the government is so busy handing money over to banks, auto companies and foreign countries, there's nothing left for the only entities that hire 100% American: small businesses.
Companies aren't hiring because what used to take ten people to do, now takes one robot and one person. Because every means of delivery and service that once required people, now requires hitting "send".
I could go on but the gist is simple. Our problems haven't been caused by evil CEO's alone. They haven't been caused by evil unions alone. They sure as hell haven't been caused by a guy who hasn't made a single change to the tax code and probably will be out of office in a year.
What can be done? That's another thread altogether...