A ‘Conservative’ vision for America – ‘How the “Job Creators” Really Spend Their Money’
Yes. Let’s give them ‘needed’ tax breaks and take away ‘burdensome’ regulation so they can ‘create’ all those jobs.
‘A bill the House plans to vote on this summer would put a moratorium on significant new regulations until the unemployment rate reaches 6 percent or lower’.
“This is a sensible, common-sense piece of legislation that will help create jobs and is just part of the Republican majority’s relentless focus on the economy,” the spokesman, Michael Steel, said.’
From : http://thehill.com/homenews/house/230625-house-gop-bill-targets-obama-but-could-tie-up-romney
Think it’s bad now?
Wait and see what America looks like (what’s left of America) after we do that.
Ed Schultz – ‘Where’s the jobs’?!
1. ‘The Very Rich Don’t Like Making Risky Investments’
‘The Mendelsohn Affluent Survey confirmed that the very rich spend less than two percent of their money on new business startups. The last thing most of them want, apparently, is the risky business of hiring people for new innovation’.
2. ‘The Very Rich Don’t Like Taking On Risky Jobs’
‘In fact, the very rich may not care about U.S. jobs in any form. Surveys reveal that 60 percent of investors worth $25 million or more are investing up to a third of their total assets overseas’.
‘Back home, the extra wealth created by the Bush tax cuts led to “worst track record” for jobs in recorded history’.
‘The true American job creator, as venture capitalist Nick Hanauer would agree, is the middle-class consumer’.
3. ‘The Very Rich Corporations Don’t Like Spending On America’
‘According to Moody’s, cash holdings for U.S. non-financial firms rose 3percent to $1.24 trillion in 2011’.
‘It has been estimated that the corporate stash of cash reserves held in America could employ 3.5 million more people for five years at an annual salary of $40,000’.
‘The biggest investment by corporations is overseas, where they keep 57percent of their cash and fill their factories with low-wage workers. Commerce Department figures show that U.S. companies cut their work forces by 2.9 million from 2000 to 2009 while increasing overseas employment by2.4 million’.
From : http://blog.buzzflash.com/node/13517