While corporations are sitting on records amount of cash and still refusing to hire we have the reality absent GOP pushing for more tax cuts for these people. They consider to insist that their almost 30 year old failed experiment in economics is the way to go, that some how corporations will create supply without any demand. It’s enough to make your head explode.
Today Think Progress posted this chart. I have seen it before but always forgot to share it. It’s a striking tell of what the Bush tax cuts did for the jobs market:
I know many on the right will be quick to dismiss this chart as some form of partisan hackery, compiled using fake numbers. To those people I ask you to look at the data source. This data comes straight from the Bureau of Labor Statistics and at the time of the data, George Bush was President. So if you honestly believe that the Bush administration would alter data to make it look like one of his keystone pieces of legislation was a failure then I’m amazed you even have the common sense to turn on a computer.
For those that do accept this data and realize it is true, especially given the fact that it was produced by the Bush administration, thank you. We can get beyond the partisan rhetoric and talk like grown ups, which is something greatly amiss in our country today.
But let’s talk about the “jobs created” under the Bush tax cuts. What’s interesting is that even Republicans can’t point to them. Here’s Rep. Randy Hultgren (R-IL) at a townhall last week that could not point to one bit of evidence that the Bush tax cuts created jobs (again – h/t Think Progress):
If the tax cuts were so good, wouldn’t you think that a staunch supporter of them could quickly point to evidence backing their claims? Instead Hultgren tries to deflect the question and go back into partisan attacks. This is the problem with American politics today. Our country is so divided by left and right that even our leaders refuse to admit mistake or even discuss the possibility of any mistakes. This is the most immature our leadership has ever been. Even children are taught to accept responsibility and discuss their mistakes. That is how we, as humans, improve ourselves. Sadly though we have both parties incapable of that. Until we can replace these children with responsible adults America will continue down the toilet.