This hoopla that somehow jobs are created from the top down is ridiculous. By McCain continuing the same retarded tax cuts for the richest Americans while continuing to overtax the middle class will miraculously create jobs is crazy especially since it did not work before. And you don’t have to look any further than the last four years of the Bush tax cuts which were synonymous with tax cuts for the wealthy.
Last time I checked they didn’t create any jobs. And in fact we have lost jobs, a LOT of jobs and the economy is in a hole. So I guess McCain thinks that he and Palin will continue to do the same tax strategy of Bush’s from the last four years and this time hope and pray that it works.
McCain claims that by giving tax cuts to those at the top, jobs will just trickle down to the rest of us. Here is a little tidbit of information for him and all those who think this is true. Let’s use the lemonade stand as an example. If you give a big tax cut to Mr. Lemonade stand owner he isn’t going to create any jobs he is probably going to put that money in his pocket and more than likely slash jobs.
Why? Because there is NO DEMAND for his product. Because the people who buy lemonade, you know those middle class people who had a hike in their taxes so Mr. Lemonade stand owner could get a tax cut, don’t have any money. They decide to hold on to their money because they have to pay bills and have less money to do so due to the fact they have high taxes.
If less middle class lemonade drinkers buy lemonade, Mr. Lemonade stand owner has less demand for his product. What does he do, he slashes jobs to save HIS money because he has bills to pay as well. So it is a vicious cycle where nobody prospers. The business man has less money from lack of demand and the consumer has less money to demand anything.
Now if we go Obama’s route and cut taxes for the middle class by getting rid of those overzealous tax cuts for the wealthy or those making over two hundred and fifty thousand dollars we will make new jobs. Because those middle class lemonade drinkers will have more money in their pockets with lower taxes. They now feel that they can afford to buy that lemonade. This will create a DEMAND for lemonade. Thus the lemonade stand owner will need to get new employees in order to make sure he can fill all the orders for lemonade. Now we not only have more people employed we have more people out buying more goods and services.
So if John McCain and Sarah Palin would just put their tax strategy in the lemonade stand scenario they would also see that you can NOT grow jobs from the top to the bottom. Everything grows from the bottom up and that is the problem with how our government works now. They cater to those at the top when it is those at the bottom who are the key. People at the bottom drive the machine. Those at the top are hanging on for the ride. When you have a LOT of people with money more goods and services are purchased. Meaning more people will need to be employed and more money will be spent. A GOOD vicious cycle.
So, I guess we should all think about what is important. To have more money in the hands of those who will drive the market by demanding more product which will in turn give more money to the business owners, making more jobs. Or give more money to those at the top to make more products even though there is no one who has extra money in order to demand those products.
UH DUH! I think we can all see where that leads. Just go and ask McCain’s economic buddy Carly Fiorina who ran Lucent pretty much into the ground right before trying to do the same to HP. Or let’s ask his other economic buddy who he would like to see replace Treasury Secretary Henry Paulson, Meg Whitman who saw her last two quarters at Ebay in a significant decline forcing the lay off of a bunch of people.
I guess we only need to look at who each candidate has as his advisors. And right now I can see why the McCain camp wants to continue a losing philosophy. And that doesn’t impress me right now. I am just amazed at the fact that you have so many people who are in the middle class who feel that they don’t deserve a tax cut, only those at the top do. Because they like it when the rich gets richer while we working class and poor get poorer. And still Obama wants to give tax cuts and create jobs for dummies who would rather see themselves lose even more to those who aren’t hurting one bit.